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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 Airports in Europe (ACI Europe) announced.
An estimated number of 193 European hubs considered “airports in danger of insolvency”ACI Europe states, adding that they contribute to economic activity that creates 277,000 jobs and € 12.4 billion of European GDP.
The airports in danger of insolvency are mainly small regional airports, with fewer than five million passengers a year, the closure of which would have a much greater impact on local jobs, an ACI Europe spokesperson told Reuters.
At the same time, major European airports are also consuming liquidity at an unsustainable rate, given this the top 20 European airports have accumulated debts of 16 billion euros, the equivalent of nearly 60% of their income in a normal year, ACI points out.
“The data released today give a particularly bleak picture. Eight months after the crisis began, European airports are running out of money to stay open and revenue is far from covering the costs of operations, let alone capital costs.“said the general manager of ACI Europe, Olivier Jankovec, quoted by Agerpres.
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% below the same level as last year, with an 80% decline at EU, EEA airports. Switzerland. Great Britain, a clear downward trajectory “, Jankovec said.
ACI Europe represents over 500 airports out of a total of 740 airports in Europe that have paying passengers.
Publisher: Georgiana Marina
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