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Policy Brief: Path to the airport industry recovery ─ Restoring a sustainable economic equilibrium
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Description
This policy brief puts forward a set of practical policy recommendations to support the airport industry’s recovery in response to the COVID-19 pandemic.
As the outbreak resulted in fundamental shifts in both demand and supply parameters of air transportation and airport infrastructure and services, the document presents recommendations in relation to:
- stimulating air transport demand
- supporting the financial viability of the industry
- recognizing the role of public health and national security
Efficient transportation services are considered key drivers of economic and social development, but the current circumstances largely undermine the ability of aviation and airports to further contribute, as the industry itself has entered, temporarily at least, survival mode.
The impact of COVID-19 on the airport sector has been profound. Passenger traffic and revenues are expected to decline by about 60% in 2020, testifying to the existential magnitude of economic challenges confronted by the industry.
In order to facilitate a sustainable rebound of the airport sector, ACI World has issued this Policy Brief which outlines policy responses that should be implemented across the globe.
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