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 ago
OER, February 25
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, February 2025
-
Economy1 month ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
News2 months ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
-
News1 month ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
OER Magazines1 month ago
OER, March 2025
-
Food & Dining2 months ago
Al-Futtaim IKEA’s Iftar Buffet Is Back, Offering Classic Comfort and Bold New Tastes
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, March 2025