The Bank Audi report on the economies of the Middle East showed the size of the historic decline in airport traffic in the region. As the "Airports Council International" revealed, in its latest report, that airports in the Middle East will lose about 60 percent of passenger traffic and revenues in the current year 2020, due to the COVID-19 pandemic.
According to the Trade Union of World Airports, passenger traffic at Middle Eastern airports this year will decrease by 250 million from the 420 million expected during the pre-Corona period to 170 million. As a result, regional airports are expected to lose about 60 percent, or the equivalent of $ 8 billion, in revenue to $ 5.2 billion this year, compared to previous "Airports Council International" estimates of $ 13.2 billion.
At the global level, according to the report, airports were expected to generate revenues of $ 172 billion in 2020 before the epidemic, while new estimates indicate that revenues will be close to $ 67 billion worldwide.
Source (Economic Newsletter site, Edited)
