COVID-19: Airport finances. Positive results quickly become history

Around the world, airports are concluding their annual reports for the financial year ending 31-Dec-2019.

2019 was generally a good year for airports, but the current COVID-19 coronavirus outbreak has made a huge impact on airport finances.

In the case of each airport the reporting for 2019 coincides with the stark realisation that the impact of the COVID-19 coronavirus, which seems to grow each day, together with the potential impact of a global economic recession to follow it, means that these generally healthy 2019 results are likely to be confined to their own sickbed in 2020 - for the entire year and possibly beyond.

At least in China, some progress has been made in combatting the disease.

But the big question for the long term is whether investors will be willing to return to support the capital needs of the industry.