• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Moody’s expects that air traffic will loose one third of the volume

7th April 2020

Moody’s expects that air traffic will loose one third of the volume Pin It

The European airport sector is under severe pressure from the outbreak of the corona virus. Experts from credit rating agency Moody’s have lowered their forecast for the industry from stable to negative for the next 12 to 18 months. They support their downward revaluation by the sharp fall in passenger volumes and the corresponding contraction in turnover.

Moody’s expects total air traffic volume to plummet by as much as 30 percent by 2020.

“The pace of traffic recovery will depend on the magnitude and duration of the outbreak and damage to the global economy, but any prospects for a recovery are uncertain the unprecedented nature and extent of the outbreak,” said an analyst from the company.

It is noted, however, that airports can partly offset significantly lower passenger volumes by reducing operating expenditure and investment. They are also “highly strategic infrastructure” and thus “essential” for European economies. As a result, governments will pay close attention to their availability if economic growth is to be boosted by containing the virus.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Construction activity in UK…

In Money Matters

Construction activity in UK and Germany severely affected by virus outbreak

View Post

Next Post

ArcelorMittal rating downgraded, outlook set…

In Money Matters

ArcelorMittal rating downgraded, outlook set to negative

View Post

In Domestic Affairs

Government allocates £23 million for compensations to fishermen

View Post

COVID-19

In Domestic Affairs

Authorities are considering paying £500 as a welcome bonus for positive COVID test

View Post

In Money Matters

Burberry turnover decreased 9 percent in Q4

View Post

In Foreign Affairs

ECB likely to keep the key rate unchanged

View Post

Newsletter

Latest News

View

IMF revises the forecast of the world economy

27th January 2021

View

ECB demands more reports from the banks

27th January 2021

View

Asos wants to by Topshop and a row of other brands

25th January 2021

View

TikTok is the winner of social media platforms in 2020

24th January 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]