DISASTER: 200 airports in Europe are close to bankruptcy due to the pandemic – News from the sources


Nearly 200 airports in Europe will face insolvency in the coming months if passenger traffic does not start to recover by the end of the year, the International Council of European Airports (ACI Europe) said Tuesday. according to Agerpres.

Read also: TERROR brand RO – ALERT: WARNING messages throughout the night in Timiș: how to stop them

It is estimated that 193 European hubs are considered “airports in danger of insolvency”, ACI Europe says, adding that they contribute to the economic activity that creates 277,000 jobs and 12.4 billion euros of GDP. European.

Airports at risk of default are mainly small regional airports, with fewer than five million passengers per year, whose closure would have a much greater impact on local jobs, an ACI Europe spokesperson for Reuters said.

At the same time, major European airports are also consuming liquidity at an unsustainable rate, as Europe’s top 20 airports have accumulated € 16 billion in debt, the equivalent of nearly 60% of their revenues in a normal year. , ACI points out.

“The figures released today give a particularly bleak picture. Eight months after the crisis began, European airports were running out of money to stay open, and revenues are far from covering the costs of operations, let alone capital costs.” said the general manager of ACI Europe, Olivier Jankovec.

ACI data shows that passenger traffic at European airports fell by 73% year on year in September, with 172.5 million passengers lost. The total number of passengers lost since January 2020 has now reached 1.29 billion.

“In mid-October, passenger traffic was 75% lower than in the same period last year, with an 80% drop at airports in the EU, EEA. Switzerland. UK, a clear downward trajectory,” he said . Jankovec.

ACI Europe represents over 500 airports out of a total of 740 airports in Europe that have paying passengers.


Source link