Málaga-Costa del Sol closed 2025 at a record 26,760,549 passengers (+7.4%), 34.7% above pre-pandemic — Spain's third-busiest airport, 83% international, with the UK alone sending 6.1 million.
AGP's 2025: 26,760,549 passengers (+7.4%) on 186,990 operations (+6.9%), both all-time records — plus a baggage record, 6.26 million checked bags outbound. International traffic carried the year: 22.25 million passengers (+7.8%) against 4.47 million domestic (+5.5%). December alone set a record: 1,681,268 passengers.
Market structure: the UK is the fortress — 6,149,697 passengers — followed by Germany (2.01M), the Netherlands (1.63M), Italy (1.40M) and France (1.39M). The fastest-growing markets point east: UAE +75.7%, Iceland +59.2%, Qatar and Egypt both +39%. Low-cost carriers dominate: Ryanair 8.45M passengers (32% share), Vueling 3.23M, easyJet 2.64M. London Gatwick is the single busiest route at 1.24M.
Purpose mix underlines the model: 65% holiday, 13% VFR, 11% business. The airport sits third in Spain behind Madrid and Barcelona, inside an Aena network that closed 2025 at a record 384.8 million passengers — and Aena is now finalising multi-year investment plans as AGP nears its ~30-million capacity.
AGP is a leisure machine that learned to run all year — and that is the investment case. July and August peak at 2.9 million a month, but the tell is December: 1.68 million passengers, the best ever, up 6.8% — the Costa del Sol is deseasonalising on golf, city breaks and remote work. Practically: Ryanair, Vueling and easyJet carry over half of all passengers, so fares stay sharp outside peak; the Cercanías C-1 runs airport-to-centre in 12 minutes for under €2 — ignore the taxi queue. Capacity is the watch item: Aena concedes the airport is approaching its 30-million design ceiling and is finalising expansion plans; UAE (+75.7%), Qatar and Egypt (+39%) routes show the next growth axis is Gulf-bound, not just British. If you remember one number: 34.7% above 2019 — no major Spanish airport has compounded faster.
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