ACI World tips slow recovery, asks governments to step in

BTN News
Thursday, 28 January 2021


ACI World’s most-recent Covid-19 impact analysis reveals the global airport industry experienced a reduction of more than six billion passengers by the end of 2020, representing a decline of -64.2 per cent of global passenger traffic, with a reduction in revenue of US$111.8 billion.

World Airport Traffic Forecasts reveal, over the next five years, global passenger traffic worldwide is expected to grow at an annualised rate of +2.4 per cent, affected negatively in the short term by the continuing effects of the pandemic.

Recovery is likely to be uneven across the world. While markets with significant domestic traffic are not expected to recover to pre-Covid-19 levels before 2023, markets with a significant share of international traffic will recover much more slowly.

“The prospects for recovery in the aviation industry have taken a hit following the introduction of renewed travel restrictions and lockdowns in response to new variants of the Covid-19 virus emerging,” said  Luis Felipe de Oliveira, ACI World director general. “While ACI forecasts show there is a pathway for a long term recovery, this can only be possible if a solid foundation can be laid in the short term with government policy support and direct assistance."

ACI World tips slow recovery, asks governments to step in

BTN News
Thursday, 28 January 2021


ACI World’s most-recent Covid-19 impact analysis reveals the global airport industry experienced a reduction of more than six billion passengers by the end of 2020, representing a decline of -64.2 per cent of global passenger traffic, with a reduction in revenue of US$111.8 billion.

World Airport Traffic Forecasts reveal, over the next five years, global passenger traffic worldwide is expected to grow at an annualised rate of +2.4 per cent, affected negatively in the short term by the continuing effects of the pandemic.

Recovery is likely to be uneven across the world. While markets with significant domestic traffic are not expected to recover to pre-Covid-19 levels before 2023, markets with a significant share of international traffic will recover much more slowly.

“The prospects for recovery in the aviation industry have taken a hit following the introduction of renewed travel restrictions and lockdowns in response to new variants of the Covid-19 virus emerging,” said  Luis Felipe de Oliveira, ACI World director general. “While ACI forecasts show there is a pathway for a long term recovery, this can only be possible if a solid foundation can be laid in the short term with government policy support and direct assistance."