The strong performance of the tourism industry is not only measured by the steady increase in the number of visitors, but is also reflected in the ability of major groups to return to growth, reduce debt, and invest in transforming their business models. This is the case with Globalia, which closed 2025 with revenues of 3.519 billion euros, 7.6 percent more than the previous year, and a net profit of 118 million, 21 percent more than the figure recorded in 2024.
The results consolidate the recovery process initiated following the pandemic and reinforce the role of the company, headquartered in the Balearic Islands, as one of the main players in the Spanish tourism sector. The group continues to be a benchmark in an archipelago that has made tourism one of its main economic drivers and a testing ground for the sector’s transformation.
Globalia’s growth has been based on four key areas: air transport, airport services, aircraft maintenance, and the tourism business. This diversification has allowed the group to improve its operational profitability even in a context of inflation, volatile energy costs, and geopolitical tensions that continue to affect international travel.
One of the indicators that best reflects this trend is recurring EBITDA, which reached €256 million, compared with €221 million in the previous fiscal year. This improvement is due both to increased activity and greater operational efficiency, as well as the consolidation of the recovery in the main business lines.
Double the box
Beyond revenue growth, the fiscal year paints a particularly positive picture from a financial perspective. Globalia doubled the liquidity generated by its operations, reaching €306 million in operating cash flow. The company closed the year with a cash position of €288 million, strengthening its ability to undertake new investments.
The other major milestone has been the reduction of debt. Long-term financial debt fell from 605 to 370 million euros, while financial expenses were reduced by more than 10 percent. A key factor in this process was the early repayment of loans granted by SEPI to Air Europa during the pandemic, for an amount of 475 million euros – a measure that marks the conclusion of one of the group’s most complex financial phases following the health crisis.
With a stronger financial structure, Globalia has intensified its investment in modernizing its operations. The current strategy inevitably involves strengthening its technological capabilities through solutions based on artificial intelligence, data analytics, and process automation—tools the company considers essential for improving efficiency and responding to an increasingly competitive market.
Consolidated equity also continued to recover during 2025, with an improvement of around 84 million euros, although it still feels the extraordinary impact of the losses recorded during the pandemic years. Initial indicators for 2026 suggest that this trend continues. As of June, Globalia recorded revenues of €1,659 million, an 8 percent increase over the same period last year, while EBITDA reached €67 million.
Particularly significant is the rebound in profit before taxes, which went from a slightly negative figure in the first half of 2025 to 40 million euros a year later, despite an international landscape still marked by geopolitical conflicts, economic uncertainty, and relentless pressure on air freight costs.
Re-election of the boards of directors of Globalia and Air Europa
Additionally, to mark this new stage, the group has renewed the boards of directors of Globalia and Air Europa with the aim of strengthening its corporate governance structure. Therefore, Juan José Hidalgo continues as Executive Chairman of Globalia, while Ramiro Campos takes on the role of Chief Executive Officer. A longtime associate of the group, he has played a key role in some of the company’s major corporate operations and represents a commitment to continuity in its growth strategy.
The board also includes highly respected figures from the financial, legal, and corporate operations sectors. Among them are Alejandro Ortiz Vaamonde, a mergers and acquisitions specialist with extensive experience at international law firms; Álvaro Badiola Guerra, who has served as chief financial officer at large multinationals such as Cepsa, Telefónica, and Atento; and Javier Beltrán Yturriaga, an expert in corporate law and corporate finance. Air Europa is also strengthening its governing body with the appointment of new board members, while keeping Juan José Hidalgo as Executive Chairman and Richard Clark at the helm of the airline’s management.
The restructuring of the management team comes at a time when the group is entering a new phase of expansion. With a solid financial position, greater investment capacity, and a tourism sector that continues to show strength, Globalia aims to consolidate its role, from the Balearic Islands, as one of the leading integrated tourism groups in the Spanish and European markets.
