French airport operator ADP predicts slow recovery as airlines revamp networks

Reuters has reported French airport operator ADP said its passenger traffic could take as long as seven years to reach a complete recovery from the coronavirus crisis, as airlines overhaul route networks, the news source said.

Transit airports such as Paris Charles de Gaulle will suffer more than most, the French group warned, as it swung to an EUR 543 million (USD 638 million) first-half net loss, reflecting the pandemic´s crippling impact on air travel.

January-June revenue fell 47% to EUR 1.17 billion as passenger traffic dropped 58%, led by a 62% decline in Paris to 19.8 million passengers at Charles de Gaulle and Orly combined.

The loss included EUR 201 million in asset impairments, while earnings before interest, debt and amortization (EBITDA) fell to 39 million euros from 764 million. Net debt swelled to 6.58 billion euros from 5.25 billion in December.