This capital expenditure, revealed today by Airports Council International Asia-Pacific & Middle East (ACI APAC & MID), the trade association representing over 600 airports from 46 countries/ territories, highlights the regions' commitment to meeting the increasing demand for air travel and cargo.
ACI World’s updated economic impact assessment forecasts a year-end revenue loss of -59% for Asia-Pacific airports and -53% for Middle East airports.
ACI Asia-Pacific released preliminary traffic data from 18 airports in major aviation markets in Asia-Pacific and the Middle East showing year-over-year passenger traffic decline hit -95% by the middle of April. Initial signals of recovery were reported from China with a gradual resumption of its domestic traffic and, to a lesser extent, from South Korea.
ACI Asia-Pacific is urging governments across the Asia-Pacific and Middle East region to swiftly implement relief measures to safeguard airport employment and connectivity.
As the COVID-19 outbreak continues to unfold, ACI World has called for the alleviation of airport slot usage requirements.
ACI Asia-Pacific warns the prolonged duration of the COVID-19 outbreak will significantly set back the region’s airports from previously forecasted growth prospects.
Asia-Pacific and Middle East airport revenues are under tremendous pressure two months into 2020 amidst the impact of the COVID-19 outbreak, despite moderate growth in 2019.
Passenger traffic was steady in Asia-Pacific and the Middle East during November 2019, compared to the same month of the previous year, at +2.4% and +6.6% respectively.
ACI Asia-Pacific has announced the programme for the twelfth Annual Airport Economics & Finance Conference & Exhibition.
ACI Asia-Pacific is calling on the Ministry of Commerce and Industry of the Government of India to maintain the status quo of the existing per passenger duty-free liquor allowance of two litres and one carton of cigarettes.
Notice
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you agree with it. Learn more
