Groupe ADP forecasts 25% decline in Paris pax from Mar-2020 to Jun-2020

Groupe ADP stated (16-Mar-2020) its FY2020 traffic assumptions are no longer relevant and that it considers it will not be possible to reach the 2020 EBITDA targets if travel trends of the first half of Mar-2020 continue. The group provided the following traffic results and assumptions:

• A decline of 24.5% year-on-year across its Paris airport network from Mar-2020 to Jun-2020;
• A decline in traffic at other AIG and TAV Airports platforms of 25% between the months from Mar-2020 to Jul-2020;
• Traffic recovery length assumption of three months. [more - original PR]