ACI EUROPE Activities
The ACI EUROPE Annual Congress and General Assembly is always a special moment for our association and its members. This is when we come together as an industry and take a moment to look back at what we have done over the past year, analyse current trading conditions, and look into the industry crystal ball, at future challenges.
Just as things looked like they were stabilising, the Cyprus financial drama came as a stark reminder that Europe’s financial crisis is all but resolved – and that our continent remains a weak spot in the World economy. Indeed, the overall traffic trend for Europe’s airports remains negative. Only freight traffic seems to be finally picking up, although from a very low base. Unless you are a Turkish or Russian airport, this winter season bears all the signs of the much talked about triple dip recession. 2013 might well be a year to forget. By Olivier Jankovec, Director General, ACI EUROPE.
As I write these lines, Eurostat has just released its latest figures showing that the Eurozone has fallen back into recession. At the same time, the EU is engaged in tense negotiations over its budget for the next 7 years – with Member States arguing for cuts and the European Commission pleading for more money to be spent on growth-enabling sectors and projects. By Olivier Jankovec, Director General, ACI EUROPE.
At many airports across Europe, the peak summer months have not lived up to expectations. Subdued passenger traffic and continued negatives for freight traffic reflect the bite of fiscal austerity as well as weakened consumer and business confidence. The winter season ahead of us looks set to be difficult, with renewed fears of capacity cuts by airlines. For many of them, oil price levels and weak demand mean that flying less is likely to make economic sense. This means both increasing seasonality and decreasing revenues for airports – with the challenge of service quality requiring that most of our facilities (and the underlying costs) be scaled for the peaks. By Olivier Jankovec, Director General, ACI EUROPE.
With uncertainty being the new constant, becoming the leanest is the mantra for any business across Europe. Airports are no exception – and while air traffic showed remarkable resilience last year, it is now being hit by a Eurozone crisis that leaves very few activities untouched. By Olivier Jankovec, Director General, ACI EUROPE.