A full recovery in airline passenger volumes in Europe has been pushed back to 2025 from 2024, the body representing European airports said, revising the industry's optimistic tone about its post-Covid recovery.
The announcement from ACI Europe heralds a cautious outlook with"more negatives than positives" as Europe fears a looming recession.
Analysts had previously said they expected consumers to continue their holiday travels, even as they grapple with higher costs of living. "We expect several airport markets - especially those relying predominantly on tourism - to exceed their pre-pandemic passenger volumes as soon as next year. But many others will not fare so well and take much longer to recover," he added.
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