Major European airport operators are warning of growing uncertainty for the aviation sector as the ongoing conflict in the Middle East disrupts flight routes, restricts access to key airspace corridors, and affects passenger demand.
Aéroports de Paris, which operates Paris’s Charles de Gaulle and Orly airports, reported an unexpected decline in first-quarter revenue, citing reduced traffic on key routes and lower consumer spending as passengers faced delays linked to the war involving Iran. Shares in the company fell by as much as 4.7% in Paris trading, according to Bloomberg.
The operator said the longer-term impact of rising fuel prices and continued air traffic disruptions remains unclear, although its outlook is based on assumptions of only short-term disturbances.
In the United Kingdom, Heathrow Airport said it anticipates a possible decline in passenger numbers this year, pointing to “significant uncertainty” in the Middle East. The airport noted that it is already experiencing the effects of the crisis and continues to closely monitor developments.
Spain’s Aena, which manages airports across Spain and internationally, reported a 13.4% drop in passenger traffic from the Middle East during the first quarter.
In Germany, Fraport, the operator of Frankfurt Airport, said it will release updated operational data on May 5.
By Sabina Mammadli
