Finland-based aviation company Finavia has estimated that the company will suffer a €100m loss in revenue for this year due to the Covid-19 pandemic.
The company has published an air traffic statistics report revealing that the number of air passengers for all its airports fell by 20.1% between January and March.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Finavia further noted that Helsinki Airport’s passenger numbers were down 57.2% in March compared to the same time last year.
The company also estimates that 2020’s total number of passengers may be a third lower than last year’s.
Finavia CEO Kimmo Mäki said: “The coronavirus pandemic has made itself felt in many ways at Finavia’s airports. All of us operating at airports have been worried about the safety of passengers.
“The pandemic, which became a worldwide outbreak in only a few weeks, has affected the entire industry in very significant and far-reaching ways.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“The situation has also had an effect on airlines and companies that operate at airports, as well as jobs and investments.”
Finavia has also decided to go ahead with the ongoing Helsinki Airport Development Programme for the time being in order to guarantee Finland’s accessibility and competitiveness in the future.
The company also revealed that the number of passengers on routes to and from China fell by 95.8% in March compared to the same time last year.
With Covid-19 spreading to large parts of Europe, the demand for European airlines has also decreased due to restrictions imposed by authorities and lower numbers of travel.
According to Finavia, the number of passengers on routes to and from Italy reduced by 89.5% in March. Only 4,000 passengers travelled in that route.
Similarly, 84,000 passengers travelled on routes to and from Spain, which has witnessed a drop of 56.3%.
The company claimed that the number of passengers on domestic flights reduced by 55%.
Finavia also reported that the passenger numbers of network airports dropped by a total of 18.7% between January and March.
State-owned Finavia operates 21 airports across Finland, 19 of which primarily serve commercial flights and two of which focus solely on military and general aviation.
