Airport construction projects are in decline due to COVID-19, inflation, and global tensions, with incremental development likely to take precedence over large-scale projects.
Spain's airport operator AENA plans to invest EUR2.4 billion in Madrid Barajas Airport, expecting more passengers in 2023 than in 2019, with no competition from other airports.
Antalya Airport in Turkey, managed by Fraport and TAV, is undergoing a renovation to increase its capacity to 80 million passengers per year, with the first phase of construction 50% complete.