Europe’s small regional airports face unprecedented challenges as they grapple with mounting pandemic-era debt and dwindling passenger numbers.
According to ACI Europe, the financial viability of these airports is threatened as they struggle to attract sufficient air traffic to sustain operations.
Morgan Foulkes, the deputy director general of ACI Europe, highlighted the severe financial pressures experienced by Europe’s regional airports. He warned that new market dynamics are intensifying competition, making it increasingly challenging to maintain profitability, invest in areas like decarbonisation, and enhance infrastructure.
ACI Europe stated that regional airports handling fewer than five million passengers annually are charging airlines 16% less on average than in 2019.
Conversely, smaller airports handling under one million passengers have seen traffic levels remain 39% below those of 2019, reflective of their ongoing struggles.
This structural change has contributed to a 24.5% reduction in the regional capacity offered by these carriers compared to pre-pandemic levels.
Small regional airports in the UK such as Bournemouth, Cardiff, and Inverness exemplify the struggle to recover pre-pandemic traffic levels.
Regional airports serving tourist hotspots have managed to recover more swiftly, providing a glimmer of hope for the sector’s potential recovery.
Ensuring sustainable financial models and supporting innovation in airport operations will be vital for the sector’s long-term viability.
The future of Europe’s small regional airports hinges on their ability to adapt to market shifts and secure stable financial foundations.
Innovative strategies and targeted investments are essential to support these vital transport links and enhance their resilience.
