By Doyinsola Oladipo
NEW YORK, Dec 4 (Reuters) - Spanish construction company Ferrovial sees more opportunities for investment in airports across the U.S. following its massive terminal overhaul at New York's John F. Kennedy International Airport, CEO Ignacio Madridejos said on Thursday.
Speaking at the Reuters NEXT conference in New York, Madridejos said the infrastructure company expects long-term growth in air travel. U.S. travel demand has ebbed in 2025 in part due to inflation and concerns over
President Donald Trump's policies around immigration and trade.
The New Terminal One at JFK Airport has a $9.5 billion price tag and is expected to open in phases starting in 2026.
Madridejos said despite short-term travel disruptions, Ferrovial was looking at long-term trends. He said New York in particular was a "destination that was quite unique" with more passengers passing through, and that the company did not regret funding such a massive overhaul.
Revenue in Ferrovial's highways division increased 14% to €1 billion ($1.17 billion) in the first nine months of 2025, year over year, driven by performance in North America. Madridejos said he expects public-private partnerships to continue to be a mainstay in infrastructure spending in the coming decades, especially as more Americans move into cities.
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($1 = 0.8579 euros)
(Reporting by Doyinsola Oladipo; additional reporting by Susan Heavey, Editing by Franklin Paul and Rod Nickel)
