By
API magazine
on
May 13, 2020
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“The impact of the Covid-19 pandemic on airports, the wider aviation ecosystem, and the global economy continues to worsen and represents an existential threat to the industry unless governments can provide appropriate relief and assistance,” said ACI World Director General Angela Gittens. “As traffic and revenue have collapsed, the airport industry has taken all possible measures to preserve stability, but the challenge remains that a significant portion of airport costs are fixed,” she added...

The call to action comes against the backdrop of an estimated 90% fall in global passenger traffic in April 2020, with differences by region ranging from 97% in Europe to 70% in Asia Pacific. Assuming only slight improvements in aviation activity with slow and expected gradual removal of travel restrictions in the summer months, the estimated passenger traffic volume decline is expected to dive further, according to ACI. The loss is expected to be up to 88.4% in Q2 versus projected levels. For airport revenues in Q2, the reduction from the projected baseline is likely to reach 90% on a global level.