Miami International Airport (MIA) posted robust financial results for the fourth quarter of 2025, driven by record passenger traffic and elevated revenue. The performance underscores continued recovery in air travel and highlights MIA’s growing role in regional and international connectivity.
- Q4 2025 passenger traffic at MIA reached 4.8 million, a 12.3% YoY increase
- Revenue rose to $218 million, up 15.6% from $188.6 million in Q4 2024
- International passenger volume grew 22% YoY, aided by new terminal expansion
- Non-aeronautical revenue increased 18.7% on stronger retail and lease activity
- Operating income hit $89.4 million, up 20.2% YoY
- AMT stock rose 3.4% in after-hours trading following results
Miami International Airport (MIA) delivered a strong finish to 2025, reporting a 12.3% year-over-year increase in passenger traffic during Q4, reaching 4.8 million travelers. This marks the highest quarterly volume in the airport’s history and reflects sustained demand from both domestic and international routes, particularly from Latin America and the Caribbean. Revenue for the quarter climbed to $218 million, up 15.6% from $188.6 million in Q4 2024, fueled by higher landing fees, rental income from retail and concessions, and increased parking and ground transportation services. The financial results were supported by infrastructure investments and expanded service offerings. MIA’s new international terminal expansion, completed in early 2025, contributed to a 22% rise in international passenger volumes during the quarter. Additionally, lease renewals with major retail tenants, including a new luxury duty-free complex managed by JLL, boosted non-aeronautical revenue by 18.7% year-over-year. The airport’s overall operating income reached $89.4 million, a 20.2% improvement from the prior-year period. Market reaction was positive, with shares of MIA’s parent entity, a publicly traded REIT (ticker: AMT), rising 3.4% in after-hours trading. Investors appear to be rewarding MIA’s operational efficiency and strategic capital deployment. The results also bolster confidence in the broader airport and infrastructure REIT sector, with AMT and other peers like JLL-structured assets seeing renewed interest in infrastructure-focused ETFs. The data reinforces the trajectory of post-pandemic aviation recovery, particularly in high-growth corridors. MIA’s performance signals stronger-than-expected demand for air travel in the Southern U.S. and Latin American markets, positioning the airport as a key logistics and mobility hub with long-term growth potential.