Middle East airports will lose $11bln in revenues by end of 2021: ACI Asia-Pacific | ZAWYA MENA Edition
Airports in the Middle East will continue to experience significant revenue losses this year due to sustained travel restrictions and quarantine policies in some countries, according to Airports Council International (ACI) Asia-Pacific.
The industry body, which represents airports in the region, estimated that revenues of aviation hubs in the Middle East could fall by approximately $11 billion by the end of 2021. In the Asia-Pacific, revenues are forecast to decline by $34 billion.
“Consistent with forecasts previously reported in 2020, the Middle East will be one of the hardest-hit regions globally with almost 70 per cent passenger losses,” ACI said.
ACI has estimated that passenger numbers for the two regions could decline by 2.3 billion by the end of 2021 when compared to pre-pandemic forecasts.
“After a bad 2020 in terms of traffic and revenues, 2021 was even more dismal for Asia-Pacific and Middle East airports,” said Stefano Baronci, ACI Asia-Pacific Director General. “The particularly negative outcome in Asia-Pacific is a direct consequence of travel restrictions and quarantine policies observed in many countries in the region.”
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