In the full 2023 year base case scenario, European airports will have 220 million fewer passengers than in 2019 – resulting in a cumulative loss since the beginning of the pandemic of 3.9 billion passengers. Therefore, 2023 passenger traffic will be back to 2017 volumes.
Full Year 2023 passenger traffic: -9% (vs. 2019)
Marginal change compared to the previous forecast (May 2022): -10%. The Summer will again be a peak for travel in 2023, with potential operational challenges in the aviation ecosystem.
Full Recovery now expected in 2025
A full recovery to pre-pandemic volumes is now expected in 2025 rather than 2024, previously forecast (May 2022). The downgrade of the 5-year forecast reflects increasing economic worries, along with depth and duration of recession.