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ACI World Forecasts Continued Impact of Pandemic on Air Travel

ACI World Forecasts Continued Impact of Pandemic on Air Travel

ACI World estimates that overall airports will suffer the reduction of more than U.S. $108 billion in revenue by the end of the year. While international passenger traffic remained weak in the first half of 2021, signs are pointing toward a surge in air travel demand for the second half…

ACI World Forecasts Continued Impact of Pandemic on Air Travel

ACI World Report Estimates $2.4T in Airport Capital Spending Needed by 2040

…development for the global communities we serve,” said ACI World Director General Luis Felipe de Oliveira. “ACI World’s CAPEX study shows the airport industry’s current financial shortfall poses significant challenges to the modernizing of infrastructure to improve sustainability and resilience which will be required if passenger demand into the future…

ACI-NA Supports Net Zero Emissions By 2050

ACI-NA Supports Net Zero Emissions By 2050

Airports Council International – North America (ACI-NA) said this week that it welcomes the call by its parent organization, Airports Council International-International (ACIWorld) for a global airport industry initiative to reach net zero carbon emissions by 2050. “Even while the airport industry continues to respond to the ongoing COVID-19 pandemic,…

Travel Leaders Call to Reopen International Travel

Travel Leaders Call to Reopen International Travel

Leaders of 23 global travel companies this week sent a letter to President Joe Biden urging more progress toward reopening international travel, as is successfully happening elsewhere in the world, and warning of dire economic consequences if U.S. borders remain shut. The letter, which was issues by the U.S. Travel…

ACI World Touts Tech Investments for Recovery

ACI World Touts Tech Investments for Recovery

Airports Council International (ACI) World this month issued a report revealing that airports have accelerated investments in technology to aid in recovery from the COVID-19 pandemic. ACI World’s annual “Airport IT Trends Survey”, which is part of SITA’s ‘Air Transport IT Insights”, found global airports spent 5.46 percent of revenues…