The confidence comes, in part, from the current Middle East crisis and other factors having an absorbable impact, and an optimistic long-term view held by CEO Xavier Rossinyol. Other headwinds were the bankruptcy of Spirit Airlines in the US, Mexico’s cartel-related security situation affecting travel, and currency swings in South America. Excluding the Middle East effect, organic growth would have been +5.2%. Nevertheless, investors were convinced by Avolta’s confident medium-term outlook and, after a steep opening fall, the stock closed +1.3% up on Thursday. READ NEXT: Avolta secures eight-year duty free contract extension at Aruba AirportREAD NEXT: Avolta expands Italian airport footprint with Venice Marco Polo debut