A recently released Airports Council International (ACI) World report details the pandemic’s economic impact on the airport industry and the prospects for recovery.
According to ACI’s Advisory Bulletin, the impact of COVID-19 on the airport business shows that the global airport industry will record a reduction of more than six billion passengers by the end of the calendar year, representing a 64.2 percent global passenger traffic decline in comparison to the pre-COVID-19 forecast.
Additionally, the analysis indicated the airport industry was forecast to produce about $172 billion in 2020, but COVID-19’s impact on airport revenues will result in a reduction of $111.8 billion.
