Categories: BusinessLatest

Geneva Airport Expecting Passenger Numbers to Fall by 66% amid Virus

As the coronavirus pandemic rages on around the world, one of the worst hit industries has been the travel sector.

Airports have particularly felt the effects of continued restrictions and Geneva airport has been no exception. It expects to see only 33% of its normal passenger numbers this year and its chief executive officer says the effects of the pandemic will be felt for years to come.

Many countries closed their borders for a period in an attempt to control the spread of the virus, and while borders have reopened across the globe travel restrictions and quarantines have been placed on many countries and passengers.

The airport estimates it will host around six million passengers this year, compared with more than 17.9 million in 2019.

“We lived for three months with almost no passengers, only 150 per day,” airport Chief Executive Officer Andre Schneider told the Associated Press.

The airport has been forced to reduce its wage bill by 10%, largely through voluntary separation, to try to cut its losses.

“We have a massive loss of revenue,” Schneider said. “We took many measures to reduce our costs, but as we are a platform full of high-tech facilities, we have limited ways to reduce our costs,” he said.

Schneider said Geneva is the second busiest European airport when it comes to private jets and that sector has not taken such a big hit.

“Basically we are around 80% of last year traffic, but this is a very low income for Geneva airport,” he said. “That is because airport taxes are levied on passengers and the weight of planes,” Schneider added.

Geneva airport has recorded a loss of 100 million Swiss francs (110 million US dollars) since the beginning of the pandemic.

Lillian Jijingi

Follow us on:

AriseNews

Recent Posts

Gbadebo Rhodes-Vivour: Commercialisation Of GMO Seeds Can Take Away Nigeria’s Food Sovereignty, Cause Health Issues

Gbadebo Rhodes-Vivour has condemned the commercialisation of GMO seeds, warning of threats to Nigeria’s food…

2 hours ago

Usyk Defeats Fury on Points in Riyadh to Retain Heavyweight Championship Title

Oleksandr Usyk has secured victory over Tyson Fury in Riyadh, successfully defending his heavyweight championship…

7 hours ago

Albania to Ban TikTok for a Year After Schoolboy’s Death Sparks Concerns

Albania plans a one-year TikTok ban from January after a schoolboy’s death sparks concerns over…

10 hours ago

Suspect Remanded in Custody Over Deadly Attack at German Christmas Market

A suspect accused of killing five people by driving into a crowded Christmas market in…

10 hours ago

US Fighter Jet ShotDown in Red Sea ‘Friendly Fire’ Incident Amid Heightened Tensions

A US Navy F/A-18 Hornet was mistakenly shot down over the Red Sea by the…

11 hours ago

NNPC, Dangote Refinery Slash Petrol Prices to N899 Per Litre Amid Rising Competition

NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery…

11 hours ago