In its fourth economic analysis bulletin – The impact of COVID-19 on the airport business – ACI has revealed that the airport industry is anticipating a -59.6% reduction in passenger volumes in 2020 vis-à-vis the projected baseline (pre-COVID-19 forecast for 2020) and a -58.4% reduction in passengers as compared to 2019. This equates to a reduction in passengers of -5.6 billion for the year.
Along with this, the airport industry is anticipating a -60% reduction in revenues as compared to the projected baseline. Revenues declined by -$10.3 and -39.5 billion (figures in US Dollars) in Q1 and Q2 2020, respectively, compared to the projected baseline. The revenue shortfall is expected to lessen to -$33.4 and -21.1 billion in Q3 and Q4 2020, respectively reaching an unprecedented $104.5 billion reduction in revenue for 2020 which heavily impacts the airport business...more
