Mohamed Attia
Under the leadership of Chairman and Managing Director Wael El-Nashar, the Egyptian Airports Company (EAC) has reached a pivotal turning point in its operational and financial trajectory.
By prioritising the maximisation of resources and the stringent reduction of expenditures, the company has successfully implemented a strategic roadmap that balances aggressive commercial growth with fiscal discipline. These efforts have culminated in a landmark fiscal year, characterised by unprecedented revenue increases and a robust expansion of Egypt’s aviation footprint.
The company’s commercial sector witnessed an extraordinary surge during the 2024/2025 fiscal year. Through the modernisation of contracting models and a strategic shift toward US dollar-denominated agreements, commercial contracts rose by 490 per cent in local currency and 733 per cent in US dollars compared to the previous year.
This revenue jump was further bolstered by a 41.5 per cent increase in net profits, climbing from EGP 7.2 billion to EGP 10.2 billion. These results underscore the success of the EAC’s asset management strategy and its ability to adapt to shifting global economic conditions.
A cornerstone of the company’s recent success is its “in-house” execution model.
By relying on internal engineering and maintenance teams rather than external contractors, the EAC saved approximately EGP 946.4 million across the IT, electrical, and mechanical sectors.
Beyond labor savings, the company achieved a 55 per cent reduction in equipment costs by renegotiating technical specifications and prioritizing the refurbishment of existing systems over new procurement.
These measures have optimized the company’s cost structure without compromising technical standards or operational safety.
The 2025 calendar year saw the highest traffic volume since the company’s inception, with passenger numbers reaching 27 million—an 18% increase over 2024. Despite this surge, the EAC maintained impeccable on-time performance for departures and arrivals, recording zero security incidents during peak periods.
To ensure continued discipline, a new monitoring department was established to oversee operational regulations; this initiative has already generated EGP 11.5 million in fines while successfully reducing the overall rate of violations across Egyptian terminals.
In tandem with financial growth, the EAC has taken significant strides toward enhancing employee welfare and job security.
The company recently reorganized basic salary structures to ensure greater fairness for staff who joined after 2006.
Furthermore, the employment status of daily wage and piece-rate workers has been regularized through temporary contracts that include full medical insurance.
This focus on a stable and equitable work environment remains a primary pillar of the company’s long-term vision to elevate the quality of service provided to international travelers.
