Predicted global impact of COVID-19 on airports worsens
The forecasts of prolonged impacts of COVID-19 have resulted in worsening predictions for traffic and revenue losses for airports across all regions.
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Money can also be made through many other aspects within an airport’s operation, for example, car parking fees, retail concessions, real estate and advertising.
Regarding non-aeronautical revenues, a large part of course lies with the duty-free shops and restaurants available in a terminal. It is recognised within the industry that a happy passenger is more likely to be a spending passenger, and so it can be argued that an airport’s revenue strongly relies on securing a high-quality passenger experience.
The forecasts of prolonged impacts of COVID-19 have resulted in worsening predictions for traffic and revenue losses for airports across all regions.
The two regions are both predicted to lose two billion passengers, which is 400 million more passengers than previously forecasted.
1 May 2020 | By International Airport Review
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