European airports traffic almost doubles year-on-year but still lags behind 2019
Reuters
Published Feb 07, 2023 09:42
(Reuters) - Traffic at European airports almost doubled year-on-year in 2022 but remained below pre-COVID levels, Airports Council International Europe (ACI Europe) said on Tuesday.
Last year's traffic jumped 98% compared with 2021 to 1.94 billion passengers but was still 21% below the levels seen in 2019, before the pandemic, with just 27% of the continent's airports having fully recovered, the trade association which represents over 500 airports in 55 countries, added.
"This is not yet a full recovery. Europe's airports were still short 500 million passengers in 2022 compared to where they stood before the pandemic hit," Olivier Jankovec, ACI's Director General, said in a statement.
He added that despite this year's uncertainty over the war in Ukraine and supply pressures from airlines' capacity reductions during the pandemic, the traffic outlook is getting better, with demand headwinds "easing somewhat" with China's reopening, subsiding recession fears in Europe and softening inflation.
Among the five busiest airports in Europe - the majors, with traffic rising 114% but falling 22.6% short of 2019 levels - the association cites Istanbul, London Heathrow, Paris Charles De Gaulle, Amsterdam Schiphol and Madrid, marking a change from 2021 when the top five was dominated by Turkey and Russia.
Amongst those having fully recovered their 2019 volumes, 90% were smaller and regional airports, ACI said, thanks to leisure demand, low-cost carriers driving performance and limited or no exposure to Asia, whereas the airports in Kazakhstan and Armenia benefited from an influx of traffic from Russia.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.