The Points Guy - Benét J. Wilson
The COVID-19 pandemic has cost North American airports $23.3 billion, significantly setting back previously forecasted stable growth prospects, according to Airports Council International – North America.
While aeronautical revenues are under pressure, the cost of operations remain unchanged since airports can’t close or relocate terminals during the outbreak. Plus, 90% of nonaeronautical revenue is passenger-dependent, based on ACI-NA research. As passenger activity level decreases, nonaeronautical revenue, including parking, also decreased proportionally.