European airports set to be hit by 'passenger slowdown'
There are signs of "fading traffic momentum" at Europe's airports, with airlines becoming more risk averse and focused on protecting their yields, it's been claimed.
Last year, Europe's airports handled 2.34 billion passengers - a new record. Over the past five years, passenger numbers at the gateways have risen by 36%.
But the European arm of Airports Council International (ACI) said a slowdown may be coming.
ACI Europe director general Olivier Jankovec said: "There are signs that the traffic momentum is fading for Europe's airports.
"A synchronised slowdown in the global economy and significant geopolitical risks are combining with volatile oil prices, ATM (Air Traffic Management) disruptions and overcapacity to exert downward pressures on both demand and supply," he said.
ACI Europe said that airline bankruptcies and airport capacity constraints at peak times in particular, are negatively impacting air connectivity.
It added that air connectivity in Europe is expanding by 1.2% this year, with connectivity in the Europe-North America market actually dipping by 0.8%.
Please log in or register with belfasttelegraph.co.uk for free access to this article.