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Asia-Pacific Airport Traffic to Dive 24% in Q1 2020

Airport travelers traffic in the Asia-Pacific region is anticipated to take a 24% strike in the first quarter from the coronavirus, resulting in a $3 billion drop in airport revenue and putting pressure on development projects, an industry group stated Monday.

Asia-Pacific Airport Traffic to Dive 24% in Q1 2020

Airports Council International (ACI) Asia-Pacific stated the cancellation of flights had led to lower airline touchdown and parking charges, a plunge in passenger and security charges and a fall in retail spending that was disturbing airport operators.

The International Air Transport Association (IATA) last week called for guidelines governing airport slots to be canceled instantly in light of the disruption to flight schedules caused by the coronavirus outbreak that originated in China late last year.

Takeoff and landing slot guidelines imply airlines should fill at least 80% of their slots in any given season, or risk losing their allocation next time.

ACI Asia-Pacific stated it was sympathetic to the airlines’ needs to avoid flying empty planes to retain airport slots; however, it stated it wanted an evidence-based, market-by-market evaluation rather than blanket permission to suspend flights without the risk of losing slots.

It stated the IATA suggestion would give airlines the freedom to suspend flights to and from congested airports not necessarily associated with the coronavirus epidemic, jeopardizing the ability for nations to stay connected with the other side of the world, which in turn would have knock-on results on their economies.

IATA last week stated the coronavirus outbreak may consume as much as $113 billion of passenger airlines in revenue this year.

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