{"id":129483,"date":"2024-05-10T00:52:21","date_gmt":"2024-05-10T00:52:21","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2024\/05\/10\/aci-europe-reports-near-full-recovery-in-q1-air-traffic-for-2024\/"},"modified":"2024-05-10T00:52:21","modified_gmt":"2024-05-10T00:52:21","slug":"aci-europe-studies-close-to-full-restoration-in-q1-air-site-visitors-for-2024","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2024\/05\/10\/aci-europe-studies-close-to-full-restoration-in-q1-air-site-visitors-for-2024\/","title":{"rendered":"ACI Europe studies close to full restoration in Q1 air site visitors for 2024"},"content":{"rendered":"

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Revised forecast for 2024 now at +3.2% above pre-pandemic ranges \u2014 however divergences in efficiency stay important throughout each nationwide markets and particular person airports.<\/p>\n<\/div>\n

BRUSSELS \u2013 <\/b>European airport commerce physique ACI Europe<\/strong><\/a> launched its air<\/span>\u00a0site visitors report for March\u00a0and the primary quarter (Q1) of 2024, together with a revised passenger site visitors forecast for the complete yr 2024<\/span>.<\/p>\n

Passenger site visitors\u00a0throughout the\u00a0European airport community\u00a0elevated by\u00a0+10.2%\u00a0in\u00a0March\u00a0in comparison with the identical month final year, with the expansion being predominantly pushed by worldwide (+11.7%) quite than home passengers (+5.6%).<\/span><\/p>\n

As a consequence, passenger site visitors got here very near a full restoration \u2013 standing simply\u00a0\u20111.5%\u00a0under pre\u2011pandemic volumes\u00a0(March 2019). As has been the case for the reason that begin of the yr, worldwide passenger volumes exceeded pre\u2011pandemic volumes (+2.7%) whereas home site visitors remained under (-13.2%).<\/span><\/p>\n

The\u00a0Q1\u00a0outcomes are equal to the March information, with passenger site visitors throughout the European community additionally rising by\u00a0+10.2%\u00a0in comparison with the identical quarter final yr and standing -1.3%\u00a0under pre-pandemic volumes\u00a0(Q1 2019).<\/span><\/p>\n

Olivier Jankovec<\/span><\/b>, Director General of ACI Europe <\/span>commented: \u201cOverall, passenger traffic has kept growing dynamically during the first 3 months of the year. While the Catholic Easter holidays coming earlier helped, demand for\u00a0air<\/span>\u00a0travel generally remained strong against a background of modestly improving macro-economic conditions in the EU and the UK.\u201d<\/i><\/span><\/p>\n

\u201cLooking ahead, we have revised upwards our traffic forecast for the full year and now see passenger volumes in 2024 exceeding pre-pandemic volumes (2019) by +3.2% \u2013 instead of +1.4% previously1<\/sup>. This reflects positive prospects for the Summer season, with demand set to remain strong as consumers keep prioritising travel despite much higher\u00a0air<\/span>\u00a0fares. This also reflects sustained but selective capacity expansion from Ultra-Low Cost Carriers, as well as the largest Full Service Carriers finally getting closer to their pre-pandemic capacity levels.\u201d\u00a0<\/span><\/i><\/p>\n

Jankovec<\/span><\/b>\u00a0nonetheless cautioned:\u00a0\u201cThe market remains very fragmented in terms of traffic performance,\u00a0 with only 43% of Europe\u2019s airports having recovered their pre-pandemic passenger volumes. And downside risks are ever-present, in particular linked to geopolitics and supply pressures\u201d.\u00a0<\/i><\/span><\/p>\n

\"ACI<\/p>\n

Performace variations throughout sub-regional and nationwide markets<\/span><\/h6>\n

Airports within the EU+ market2<\/sup>\u00a0led the passenger development dynamic in March, at\u00a0+11.5%\u00a0over the identical month final yr, whereas these within the\u00a0remainder of Europe3<\/sup>\u00a0grew by solely\u00a0+2.8%.<\/span><\/p>\n

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Within the\u00a0EU+ market, the best will increase in comparison with March 2023 have been posted by airports within the Czech Republic (+32.6%), Malta (+30%) and Slovenia (+22.7%), whereas the weakest performances got here from these in Sweden (-1.2%), Norway (+0.3%) and Finland (+2.5%).<\/span><\/p>\n

When in comparison with pre-pandemic ranges<\/span>\u00a0(March 2019), the\u00a0EU+ market\u00a0stood at\u00a0-1.4%, with airports predominantly counting on leisure\/VFR4<\/sup> demand largely exceeding their pre-pandemic volumes \u2013 together with Malta (+32.5%), Portugal (+23.1%), Greece (+19.6%), Poland (+19.2%) and Spain (+14.5%). Conversely, airports in Slovakia (\u201134.9%), Slovenia (-27.8%), Sweden (\u201127%), Finland (\u201124.4%) and Germany (\u201122.9%) remained farthest from a full restoration. Amongst different giant markets, airports in Italy (+8%) posted the perfect outcomes, adopted by these within the UK (\u20112%) and France\u00a0(\u20116.4%).<\/span><\/p>\n<\/div>\n

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In the remainder of Europe, the perfect performances in comparison with March 2023 got here from airports in Albania (+71.9%), Georgia (+31.3%) and Kosovo (+29.7%), whereas these in Ukraine remained closed for site visitors, and airports in Israel (\u201151%) and Russia (\u201117.4%) registered important decreases.<\/span><\/p>\n

When in comparison with pre-pandemic ranges<\/span>\u00a0(March 2019), spectacular outcomes have been posted by airports in Albania (+233%), Uzbekistan (+159%), Kazakhstan (+95%) and Armenia (+91%). Meanwhile airports in T\u00fcrkiye (0%) achieved a full restoration and people in Israel (\u201147%) and Russia (\u201119%) remained within the crimson.<\/span><\/p>\n

\"ACI<\/p>\n<\/div>\n

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Performace variations throughout airport classes<\/span><\/h6>\n

Passenger site visitors at\u00a0the Majors5<\/sup>\u00a0expanded by\u00a0+10.1%\u00a0in March when in comparison with the identical month final yr however remained at\u00a0\u20111.8%\u00a0when in comparison with pre\u2011pandemic volumes (March 2019):<\/span><\/p>\n