ACI World publishes annual Airport Economics Report for 2018
ACI's report outlines a globally profitable aviation industry prior to the COVID-19 pandemic, highlighting the importance of a stable and healthy sector.
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ACI's report outlines a globally profitable aviation industry prior to the COVID-19 pandemic, highlighting the importance of a stable and healthy sector.
As the COVID-19 pandemic causes severe drops in passenger traffic, Brisbane Airport Corporation has developed an online marketplace for Brisbane Airport retailers to limit the financial impacts of the global crisis.
As the COVID-19 pandemic continues to impact the aviation industry, data from ACI Europe shows a 59.5 per cent fall in passenger traffic in March 2020.
Global passenger demand fell by 14.1 per cent in February 2020, according to IATA analysis, as the COVID-19 began to severely impact Asia-Pacific markets.
As a result of travel restrictions and border controls, the COVID-19 pandemic has been estimated to eradicate 38.1 per cent of passenger traffic in 2020.
ACI World's latest data has shown the rapid effect the COVID-19 crisis has had on the aviation industry and it's now calling on governments to ensure solutions to this are fair and reasonable.
IATA now estimates that industry passenger revenues could plummet by $252 billion; 44 per cent below 2019’s figure.
The CEO of AOA has warned that UK airports may be forced to shut down within weeks due to COVID-19 if the UK government doesn't provide immediate support.
ACI World estimates a loss of revenues of at least $4.3 billion following the COVID-19 outbreak, with the Asia-Pacific region and Europe suffering most.
Despite forecasts predicting $12.4 billion in revenue for Q1 in the Asia-Pacific region, the outbreak of COVID-19 is expected to cause a loss of $3 billion.
Following original analysis published in February 2020, IATA has released updated figures suggesting an economic impact between $63 and $113 billion in revenue losses.
Kam Jandu, Chief Commercial Officer at Budapest Airport, evaluates the commercial decisions that have occurred at the airport, regarding passenger experience and revenues.
Following an initial assessment of the impact of COVID-19, there will be a global revenue loss within the aviation industry of $27.8 billion by the end of 2020.
Philadelphia Airport has received two grants to rehabilitate platforms and canopies at its four stops on SEPTA’s Airport Line.
Merchant Aviation has won a series of new contracts across the U.S. including the $340 million investment in the JFK development.