Vinci Airports outlines scale of COVID-19 impact on revenues and profits – The Moodie Davitt Report

FRANCE/INTERNATIONAL. Vinci Airports generated €990 million in income in 2020, down by -62.4% on a reported foundation and -65.5% like-for-like. The airports group, a division of Vinci Concessions, reported full-yr outcomes at present, noting that the sharp decline was as a result of collapse in airline exercise worldwide following the COVID-19 outbreak and associated journey restrictions.

The division posted a €0.4 billion loss regardless of value-reducing measures launched early within the pandemic.

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The Vinci Airports efficiency in additional element, with income by key market; beneath, passenger site visitors developments throughout the previous yr; click on to enlarge

vinci 2020 2As reported beforehand, passenger site visitors within the Vinci Airports world community fell by -70% year-on-year in 2020, to 76.6 million.The firm reported optimistic passenger developments at Salvador Bahia Airport in Brazil, and at Orlando Sanford Worldwide Airport within the US within the second half. The lifting of restrictions within the Dominican Republic additionally generated an upturn in journey, whereas Osaka Itami and Kobe airports in Japan confirmed restricted development in home passenger numbers within the fourth quarter.

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Group efficiency at a look; Vinci Airports sits throughout the Vinci Concessions portfolio; click on to enlarge

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Vinci Chairman and CEO Xavier Huillard mentioned: “With new waves of an infection taking maintain, airport passenger numbers have remained very low for the reason that starting of 2021 and visibility for the approaching quarters is restricted.”