The airport industry is expected to report USD 5.6 billion loss in the first quarter following a traffic volume loss of about 1.5 billion passengers in the Asia-Pacific region due to prolonged duration of coronavirus outbreak, Airports Council International said on Friday. “Taking into account the rapid developments, ACI estimates place the first quarter loss in Asia-Pacific in the range of USD 5.6 billion, almost double earlier estimates, a large portion of which comes from the contraction in traffic as well as non-aeronautical revenue.
“The impact on the Middle East will generate a loss of approximately USD 1 billion for the first quarter and at least double for the full year,” the global grouping said. Airports Council International (ACI) Asia-Pacific has also revised the revenue forecast for 2020, according to which the revenue impact on the aerodromes in the APAC region is expected to the tune of USD 23.9 billion and USD 5.75 billion for the airports in the Middle-East region.
