Airports likely to see $97 bn revenue loss in 2020 amid pandemic, said ACI
According to ACI, Airports worldwide are expected to see a decline of more than 4.6 billion passengers and revenue totalling $97 billion (around Rs 7.3 trillion) in 2020 amid the coronavirus pandemic.
ACI serves around 668 members, operating 1,979 airports across 176 countries.
The Airports Council International (ACI) has estimated a reduction of over two billion passengers at the global level in the second quarter of 2020 and more than 4.6 billion passengers for all of 2020.
The decline in total airport revenues on a global scale is estimated to be $39.2 billion in the second quarter and more than $97 billion for this year, it said in a release.
Airports in the Asia-Pacific and the Middle East are projected to incur revenue loss to the tune of $36.4 billion in 2020 as passenger traffic has dropped significantly due to the pandemic.
The grouping has estimated a year-end revenue loss of 59 per cent for Asia-Pacific airports and 53 per cent for Middle East airports.