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  • Writer's pictureSTTE

Airports face significant drop in revenues through the end of 2020

Even with bailouts and airlines easing out of lockdown, airports across the globe are facing a significant drop in revenues, which could challenge their futures and put on hold any ambitious growth or redevelopment plans until profits return.

As the dust settles to some degree and airlines start increasing schedules this month, airports and analysts are beginning to assess the damage that has been caused through months of the coronavirus lockdown.

Airports Council International (ACI), which called for urgent relief for the aviation industry last month, has said it expects airport revenues to fall by around 50% this year as a response to passenger numbers falling by a similar amount.

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