European airports want to be able to charge airlines more,…

european-airports-want-to-be-able-to-charge-airlines-more,…

European airports want to be able to charge airlines more,…

European airports want to be able to charge airlines more, due to Covid financial losses
2021-06-23 10:01:00
European airports association, ACI Europe, says airports face financial problems that will curtail efforts to decarbonise for a decade – unless governments and regulators help them financially.  ACI Europe director general, Olivier Jankovec, called for changes to airport charges and a review of EU rules on state aid. Airports want to be able to charge airlines more. He said Europe’s airports took on over €20 billion in additional debt last year which is now financing them. He thought “Recovery this summer will be cash-intensive and revenue-weak.”  Analysis for ACI Europe by consultancy firm AlixPartners suggests airport revenues will be below their capital spending requirements for 10 years to 2032, leaving airports no choice but “to slash” investment plans.  ACI complains that airlines have had financial support, but airports have not. And they claim efforts to reduce carbon emissions will be slowed down [though having fewer flights and passengers would help anyway …] .Tweet   Airports warn of cash crunch and demand airlines pay more By Ian Taylor | (Travel Weekly) June 22, 2021 European airports association ACI Europe has warned airports face a financial crunch that will curtail efforts to decarbonise for a decade unless governments and regulators act. ACI Europe director general Olivier Jankovec called for “an urgent reset” on airport charges and a review of EU rules on state aid. He noted Europe’s airports took on “more than €20 billion in additional debt last year and this is financing today’s operations” and told an Airport Economics Symposium: “Recovery this summer will be cash-intensive and revenue-weak.” Jankovec pointed out social distancing would limit airport capacity this summer while costs would escalate from the concentration of traffic at peak times. Analysis for ACI Europe by consultancy firm AlixPartners suggests airport revenues will be insufficient

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