ACI Europe: Europe air industry to lose €40 billion every year
The warning issued by Airports Council International Europe (ACI Europe) together with the European Regions Airline Association (ERA) and the Association of European Airlines (AEA) is a response to a EUROCONTROL report about the constraints it has identified in the European air transport through 2035.
The new Challenges of Growth report provides a warning that despite slower air traffic growth in the next 20 years, Europe still faces a significant airport capacity crunch, which will damage the continent's aviation system and connectivity.
As a result of insufficient airport capacity, 12% of demand for air transport or 1.9 million flights per year will not be accommodated by 2035. The report states that 237 million passengers will be unable to fly. The main cause for this capacity crunch lies in the fact that airports have been forced to sharply reduce their capacity expansion plans.
While this airport capacity crunch will be more acute in Turkey, the United Kingdom, the Netherlands, Bulgaria, Hungary, Germany, Poland and Italy, it will have severe repercussions throughout Europe, according to EUROCONTROL. The economic impact will be far more dramatic: By 2035, insufficient airport capacity will cost Europe €230 billion in lost GDP. ■