Paris airports cut traffic outlook on COVID-19 second wave

ADP, which also holds stakes in international airports in countries including Turkey and India, said aviation and retail revenue both fell by more than half in the Jan.-Sept. period

October 23, 2020 01:46 pm | Updated 01:47 pm IST - PARIS

Tourists at the Charles de Gaulle airport in Paris, France. File photo

Tourists at the Charles de Gaulle airport in Paris, France. File photo

Aeroports de Paris, operator of the French capital's main airports, cut its full-year passenger traffic outlook on Friday as a second wave of COVID-19 infections gathers pace.

Traffic at Charles de Gaulle and Orly will fall 65-70% rather than the previously forecast 63%, ADP said as it posted January-September revenue of 1.67 billion euros, down 53%.

ADP, which also holds stakes in international airports in countries including Turkey and India, said aviation and retail revenue both fell by more than half in the period.

Traffic has suffered a “new strong decrease” in recent weeks, Chief Financial Officer Philippe Pascal said, “as a consequence of the new wave of epidemic around the world.”

ADP is rolling out COVID-19 testing at the Paris airports, but Mr. Pascal declined to comment on the target passenger capacity.

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