Annual rank86
Austria · Industrials
Flughafen Wien
Airport group operating Vienna and Malta airports, with an equity interest in Košice Airport.
FY2022–FY2025
FY2022–FY2025
FY2022–FY2025
current context only
Company profile
Operate the hub, monetise the site and choose where to add capacity
Flughafen Wien AG is the listed parent and general operator of Vienna Airport; it operates the airport platform, not airline services. The group combines airport infrastructure, handling and security with retail and property. Vienna handled 32.6 million passengers in 2025; the wider network handled 43.4 million including fully consolidated Malta and equity-accounted Košice. The cards distinguish direct operations from subsidiaries, joint ventures, airlines, maintenance providers, public bodies, tenants and contractors.
Group perimeter
See why 48.44% is consolidated while 66% is not
Control does not follow headline stake alone. At 2025 year-end, FWAG's effective 48.44% interest in Malta International Airport was fully consolidated, while its indirect 66% interest in Košice was jointly controlled and equity-accounted. Vienna Airport FBO handles general and business aviation at Vienna; its wholly owned subsidiary Flugplatz Vöslau BetriebsGmbH operates Bad Vöslau. At parent level, Airports Group Europe held 44.3%, Vienna and Lower Austria 20% each, the employee foundation 10% and free float 5.7%.
- Compare Vienna, Malta and Košice Passenger scale, business segments and the group's stated airport perimeter
- Open the ownership and control map Malta consolidation, Košice joint control, FBO, Bad Vöslau and group structure
- See who owns the listed parent Public-sector shareholders, employee foundation, Airports Group Europe and free float
- Enter the wholly owned FBO General and business aviation services at Vienna Airport
- Inspect Malta Airport's company structure Local listed company, consortium, direct Vienna interest, government and public shares
- ▶ VideoWatch: Malta Airport in four minutes Official 2026 English-on-screen film from the controlled airport company
Turnaround and cargo
Turn an aircraft, balance its load and protect a cold chain
Vienna Airport Handling Services is an FWAG division covering passenger handling, load control, ramp work, de-icing, cleaning, baggage and cargo. The service directory identifies FWAG's own equipment and personnel for ramp and traffic handling. The cargo complex connects apron, motorway, road-feeder and bonded-warehouse facilities; its 1,650-square-metre Pharma Handling Center has 15–25°C and 2–8°C zones. Centralized Load Control provides weight-and-balance planning to airline and ground-handler partners across selected fleets or stations. Maintenance and security providers retain separate roles.
- Map the handling division Passenger, ramp, baggage, de-icing, training and cargo services
- Separate airport roles company by company FWAG services alongside maintainers and public or contracted security providers
- Follow a ramp turnaround Loading, baggage reconciliation, catering, de-icing, cleaning and crew transport
- Explore the cargo complex Apron access, road-feeder terminal, bonded warehouse and specialist storage
- Enter the Pharma Handling Center Dedicated temperature zones and aircraft-to-road pharmaceutical handling
- See how centralized load control works Weight-and-balance planning for airline and ground-handler partners
Retail and property
Make the runway feed a business district
Retail & Properties generated EUR 215 million in 2025 from shops, hospitality, lounges, parking, advertising and leased office or cargo space. AirportCity hosts more than 250 companies alongside offices, hotels, events and coworking. Office Park 4 NEXT will add 17,000 square metres in 2028. A 6,000-square-metre supply hub will consolidate deliveries to more than 100 terminal outlets; Vienna Airport Logistics GmbH, a joint venture with Bradford Airport Logistics, will operate it. The VIENNA Lounge and Conference & Innovation Center show passenger and business uses of the property platform.
- Read the non-aviation economics Retail & Properties revenue and the current AirportCity development pipeline
- Explore AirportCity Property, retail, restaurants, advertising, events and business parking
- Open the property portfolio Office parks, cargo space, coworking and services around the terminal
- Hold a meeting inside the airport Conference spaces, coworking, innovation community and Level 22
- Inspect the new retail logistics hub A joint-venture supply point for more than 100 terminal outlets
- ▶ VideoWatch: tour the VIENNA Lounge Official English-on-screen look at a passenger-facing non-aviation product
Capacity and technology
Add terminal capacity without building a third runway
The EUR 420 million Terminal 3 Southern Expansion is due in the second quarter of 2027: 70,000 square metres, 18 bus gates, a central checkpoint, 6,000 square metres of lounges and 10,000 square metres of retail and food space. In July 2026, 35 CT scanners entered service across existing terminals. FWAG ended the third-runway project in November 2025, saying two runways plus terminal growth could serve up to 52 million passengers. Ten solar systems at Vienna and one at Bad Vöslau generated 42.5 million kWh in 2025, covering roughly half of FWAG's total electricity requirements; over 99% of reported emissions were indirect value-chain emissions.
- Walk through the Southern Expansion Gates, central security, lounges, retail and food in the 70,000-square-metre project
- Check programme, budget and opening date EUR 420 million, construction status and second-quarter 2027 commissioning
- See what 35 CT scanners change Three-dimensional hand-luggage screening across all current terminals
- Read why the third runway stopped Cost, larger aircraft and the capacity case for retaining two runways
- Check the audited energy and emissions boundary Solar generation, directly controllable emissions and the much larger value-chain footprint
- ▶ VideoWatch: make a relaxed transfer Official English-on-screen passenger journey through Vienna Airport
Official profile sources: Company profile — Flughafen Wien AG
Current 2026 update
What is changing at Flughafen Wien in 2026?
Flughafen Wien is redesigning security and commercial space at Vienna while passenger growth increasingly comes from Malta and Košice as core Vienna traffic declines.
The change in one sentence
Three separate shifts reshape the group: passenger flow, terminal capacity and growth outside Vienna.
Vienna Airport is modernising security and Terminal 3 within a two-runway system. Separately, Malta and Košice provide passenger growth as Vienna's core traffic declines.
Four lenses on 2026
The same four-quadrant format used in the Company profile.
01 · Passenger experience
Laptops and two-litre liquids stay inside the bag
From 3 July, all central security lanes at Vienna Airport switched to computed-tomography scanners, so electronics and liquids up to two litres can remain in hand luggage. The airport bought 35 units in an investment of about EUR25 million. They create three-dimensional images and automatically flag specific objects for review. Vienna Airport reports an average security wait of about five minutes, but that is an issuer measure rather than independently verified data. The same CT technology is intended for the new central checkpoint inside the Terminal 3 Southern Expansion. The change is unusually tangible for an infrastructure company: it alters a routine passenger action before the larger terminal project opens.
- Current signal35 CT scanners · EUR25m investment · about five-minute wait, issuer-reported
- Why it mattersA technical security upgrade changes the passenger journey now and previews the operating model of the future terminal checkpoint.
- CT security-lane rollout Vienna Airport · 1 July 2026
- Southern Expansion project Vienna Airport · Current official project page
02 · Terminal and retail
The Southern Expansion advances within a two-runway capacity strategy
Vienna Airport is building the roughly EUR420 million Southern Expansion of Terminal 3, adding about 70,000 square metres across three levels: a central security checkpoint, 18 additional gates, passenger lounges and around 10,000 square metres of shopping and restaurant space. Company materials separately size the lounge area at about 6,000 square metres. H1 expenditure on the project reached EUR59.6 million; management says construction and costs remain on schedule for operation in Q2 or the first half of 2027. This is a current project assessment, not completion. It sits inside a larger strategic choice: Vienna Airport ended the third-runway project in November 2025 and says the existing two-runway system plus terminal growth could handle up to 52 million passengers a year. That is a future combined-system estimate, not current traffic or standalone Terminal 3 capacity.
- Current signalEUR420m · 70,000 sqm · 18 gates · Q2/first-half 2027 target
- Why it mattersThe airport is adding passenger and commercial capacity around two existing runways rather than pursuing a third strip of concrete.
- Southern Expansion project Vienna Airport · Current official project page
- Two-runway capacity decision Vienna Airport · 25 November 2025
- H1 project, traffic and perimeter evidence Vienna Airport · 19 August 2026
03 · Portfolio and cold chain
Passenger growth moves abroad while Vienna's medical-cargo niche accelerates
The H1 passenger pattern split sharply: Vienna fell 3.2% to 14.27 million, which management attributes to reduced low-cost-carrier capacity and the Middle East conflict, while Malta grew 15.6% to 5.25 million and Košice rose 43.5% to 460,245. Group traffic still increased 1.9%, and July repeated the direction. These airports do not sit identically inside the group: Malta is fully consolidated under control despite an effective 48.44% interest; Košice is equity-accounted under joint control despite an indirect 66% interest. A separate Vienna business also changed mix. Total cargo, including trucking, rose only 0.2% to 154,276 tonnes, while medical-goods cargo grew 22.4% to 2,497 tonnes, about 1.6% of total cargo by tonnage. Vienna operates a Pharma Handling Center with 15-25C and 2-8C zones, but no source says the facility caused the increase or defines the goods category.
- Current signalVienna passengers -3.2% · Malta +15.6% · Košice +43.5% · medical cargo +22.4%
- Why it mattersPassenger growth is shifting toward two differently accounted foreign airports, while medical goods remain a small but fast-growing Vienna cargo niche.
- H1 project, traffic and perimeter evidence Vienna Airport · 19 August 2026
- Temperature-controlled cargo capability Vienna Airport · Current official page
04 · What to watch
Three questions for the next disclosures
The next disclosures should show whether passenger-flow, construction and portfolio shifts remain durable.
- CT operationsDoes the issuer-reported average security wait remain around five minutes through peak periods as passengers adapt to the new lanes?
- Expansion scheduleDo construction and cost updates preserve the EUR420 million budget and Q2/first-half 2027 operating target?
- Growth pocketsDo Malta and Košice keep outgrowing Vienna passenger traffic, and does medical-goods cargo continue to outpace Vienna's total cargo?
Annual record
Ranking history
Future editions add rows; they do not rewrite the 2026 record.
| Edition | Measurement period | Rank | Revenue growth | Net-income growth | Stock return |
|---|---|---|---|---|---|
| 2026 | FY2022–FY2025 | 86 | +63% | +72% | +86% |