VINCI Airports recorded a second consecutive quarterly passenger decline as losses in Japan and Cambodia outweighed gains at European hubs, leaving traffic 0.6% below the year-earlier level.
The operator handled 93.478 million passengers from July through September, compared with 94.048 million in the third quarter of 2025. September traffic fell 1.5% year over year. Commercial aircraft movements declined 1% to 685,227. VINCI counts each airport’s full passenger volume, regardless of its ownership stake.
The Japanese airports in VINCI’s network handled 12.937 million passengers, down 8.8%; Kansai airport alone fell 13%. The company’s Cambodian network recorded 1.059 million passengers, a 20% decline. VINCI attributed the weakness in Japan to tensions with China and said lower demand from China and Thailand affected Cambodia. It did not quantify the contribution of each factor.
Several European airports grew. Budapest traffic rose 12% to 6.218 million passengers, Porto gained 7.1% to 5.433 million, and Edinburgh increased 4.3% to 5.403 million. VINCI credited additional airline service for growth at Budapest and Edinburgh. London Gatwick fell 2.9% to 12.861 million passengers; the company cited changes to low-cost carriers’ medium-haul services, despite stronger summer travel to Spain. Santiago, Chile, declined 2.2% to 6.369 million, which VINCI linked to fuel prices and winter flight schedule adjustments.
The latest fall followed a 1.3% year-over-year decline in the second quarter. A year earlier, third-quarter traffic had risen 4.2%, and VINCI cited strong travel between China and Japan. The company is scheduled to report third-quarter revenue Oct. 22; its calendar lists October airport traffic for Nov. 17.
