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ACI: EU airport traffic “now in recession”

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Sweden among countries recording “unimpressive growth”

The latest traffic figures for Europe’s airports reveal flat growth for overall European passenger traffic with EU passenger traffic falling into recession, the air transport association ACI Europe reports. European passenger traffic for the month of October shows growth of just 0.5%. But this positive figure can be broken down into a “two-speed Europe”, ACI says, with passenger growth at EU airports recording a decrease of 1.3% and non-EU airports seeing an average 7.8% increase. (Hurricane Sandy in late October reduced passenger traffic in Europe by 0.15%, felt mostly at hub airports.)
“For the first time since October 2009, more than half of Europe’s airports are experiencing declines in passenger traffic,” Olivier Jankovec, ACI Europe’s director general commented. “There is no escaping the deepening impact of the European sovereign debt crisis on the real economy.”
The contrasting performance of national markets continues to evolve with traffic in Slovenia, the Czech Republic, Slovakia, Greece, Latvia, Spain, Hungary and Italy firmly in recession, while traffic in the UK, France, Malta and Belgium is essentially flat. Traffic in Ireland and Portugal is showing signs of recovery, while countries like Germany, the Netherlands and Sweden are recording unimpressive growth. Yet non-EU markets like Iceland, Russia, Turkey and Moldova are registering dynamic double-digit growth.
Moodie Report
[pictured: Eastern Rotunda, Pier A, Copenhagen Airport; courtesy Copenhagen Airports]

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