(AOF) – ADP announces that its group traffic reached 26.5 million passengers in March, up 10.1%, or 104.3% of the 2019 level, while Paris Aéroport traffic showed 8 million passengers, up 7.7%, or 91.9% of the pre-Covid level. The airport platform manager adds that in the 1st quarter of 2024, group traffic stood at 77.1 million passengers, up 11.3% year-on-year and 104.9% of the 2019 level, while that of Paris Airport reported 22.0 million passengers, up 4.4% and 92.6% of the 2019 level.
ADP’s 1st quarter 2024 revenue will be published on April 26, 2024.
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Results weakened again for European companies
While fuel represents up to 35% of their costs, professionals estimate that European airlines are not expected to return to profit before 2023 or 2024 at the earliest. These players predict that energy prices would remain high at least until 2023. The International Air Transport Association (IATA) announced a forecast of cumulative losses of $9.7 billion in 2022 for airlines to across the world we will still have to wait until 2023 to see a return to profits on a global scale, particularly due to the surge in oil costs and the increase in labor costs. Positive point: travel demand seems to be resisting the uncertainties caused by the international economic and political situation. However, uncertainties regarding Covid, the war in Ukraine, as well as rising prices are increasing last-minute reservations. According to Iata, only 8% of international reservations made at the end of May went beyond September.
The social climate is deteriorating in low-cost airlines
These companies are benefiting from a very strong recovery. They had already managed to monopolize 40% of air traffic in 2021, this proportion could even rise to 50% this year. However, strike movements have affected the activity of Volotea, EasyJet and Ryanair, with confrontations over remuneration and working conditions. Generally speaking, the sector is facing a shortage of personnel. After having severely cut their workforce in 2020 and 2021, companies and airports must urgently recruit to support the resumption of activity.