Impact of COVID on Atlantic Canada’s Airports
Category : News
Atlantic Airports are in a difficult position as our passengers (and revenues) have dropped significantly. We are anticipating an 80% -90% drop from March to June and a 50-70% drop in passengers for all of 2020. This will have a substantial impact on cash flow and future financial viability of our regions airports with a severe trickle-down effect to our respective communities.
Full-year estimates show a decrease in traffic of between 50-70 per cent, or more than 4.2 million passenger movements for the region. As of today, industry officials estimate that operational revenue loss for Atlantic Canada’s airports could be between $92 and $118 million in 2020 due to COVID-19. The region’s airports are urging the federal government to provide relief for cash flow for airports as part of the nation’s overall economic recovery. [Read More…]
(originally posted on https://acairports.ca)