Almost 200 European airports facing insolvency in coming months27 October 2020
ACI EUROPE today warned of such fundamental risks to business continuity that an estimated 193 airports face insolvency in the coming months if passenger traffic does not start to recover by the year end. These airports between them facilitate 277 thousand jobs and €12.4 billion of European GDP.
The threat of airport closure means Europe faces the prospect of the collapse of a significant part of its air transport system - unless Governments step up to provide the required support. So far, few have done so.
Data published today shows:
- A year-on-year decrease of 73% in passenger traffic at Europe’s airports in September
- The loss of an additional 172.5 million passengers in September bringing the total volume of lost passengers since January 2020 to 1.29 billion
- As of mid-October, passenger traffic stood at 75% down from the same period last year, reaching an 80% decrease for airports in the EU/EEA/Switzerland/UK footprint - a clear downward trajectory