Transport
Moody’s – Pace of recovery in European airport traffic uncertain after unprecedented coronavirus hit
European airport passenger volumes will not return to pre-coronavirus levels before 2023 at the earliest and the pace of recovery will vary across the sector, Moody’s Investors Service said in a new report.
Domestic flights will recover more quickly than international travel, with European short haul travel picking up before long haul. Airline mix will also be a factor as some carriers will fail, while others may optimise capacity utilisation until demand returns.
“Cuts in investment and operating costs will support cash flow and limit the increase in airports’ debt burden,” said Joanna Fic, Senior Vice President.
While covenant waivers reflect the supportive stance of creditors and airports’ liquidity has improved, there are material risks to the recovery in traffic and thus airports’ credit quality.
-
OER Magazines2 months agoDossier – ToP 25 Personalities 2025
-
Dossier2 months agoArabic Dossier – ToP 25 Personalities 2025
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, August 25
-
OER Magazines2 months agoOER, August 2025
-
Entertainment2 months agoHere’s a Complete Overview of the 2025/2026 Season at the Royal Opera House Muscat
-
News2 months agoSultan Center Unveils Flagship Al Hail Store, Elevating Premium Retail Experience in Oman
-
News2 months agoHONOR, in partnership with MHD-ITICS Debuts at COMEX in Muscat, Expanding Its Presence in the GCC
-
IT2 months agoAI Zone, Digital Triangle Project Unveiled at COMEX 2025
