Aena stock: DORA 2027-2031 plan includes EUR 9.99 billion in regulated investment
Published on 09/30/2026 at 21:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Aena, S.M.E., S.A. disclosed on September 21, 2026, that Spain’s Council of Ministers had approved the Airport Regulation Document, or DORA, for 2027-2031. The company said the plan enables airport investment while maintaining competitive airport charges. CNMV
Investment and traffic plan
The approved document provides for EUR 9.99 billion in regulated investment and EUR 12.89 billion in total investment between 2027 and 2031. Aena’s presentation said the figures for 2027-2031 are stated at constant 2026 prices. The CNMV filing said the plan covers 1.763 billion passengers over the five-year period and projects 363 million passengers in 2031.
Regulatory framework
Aena said the approved DORA III reinforces Spain’s regulatory framework and provides capacity for expected future air-traffic demand. The company also said it was preparing its 2027-2031 Strategic Plan. The disclosure identified an average annual charge increase of 0.33% and a weighted average cost of capital of 8.32% for the regulatory plan.
