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European aviation sector hardest hit by Covid-19

Air
James Chapple
25 March 2021

Europe’s aviation sector will be the hardest hit by Covid-19 this year, with full-year revenues forecast to plummet by US $37.5 billion compared to 2019 levels.

(Credit: iStock)

Airports Council International (ACI) World said despite some "positive signs" of recovery, the impact of the pandemic on airports would still be "deeply felt" in 2021.


It forecasts 4.7 billion fewer passengers will travel this year, a 47.5% decline in global passenger traffic. This equates to an economic hit worth in excess of US $94 billion.


With different regions set to recover at different rates, ACI World believes markets with significant domestic traffic will be the first to pick-up, achieving pre-Covid levels by 2023.