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Greek Airports Lead Europe's April Performance Rankings, Indicating Strong Recovery


 

A plane flying over the harbor of Agios Nikolaos
A plane flying over the harbor of Agios Nikolaos

According to data from the Airports Council International Europe (ACI Europe), Greek airports have surpassed pre-Covid levels in April, marking a positive sign for the aviation industry's revival.


Despite airlines increasing fares at a rate six times higher than consumer inflation, the data reveals a robust travel demand for this summer destination. This suggests that people are willing to pay higher prices to fulfill their travel needs and desires.


Greek airports demonstrated a remarkable performance


In April, Greek airports demonstrated a remarkable performance, with an 11% increase in passenger traffic, indicating a promising recovery trend for the Greek aviation sector.


On a broader scale, air traffic in the European Union experienced a growth of 19.1% in April 2023 compared to the same period last year. However, it is important to note that overall traffic levels remain 8.1% lower than pre-pandemic levels.


Several other countries also reported significant increases in passenger traffic during April, surpassing their pre-pandemic volumes. Iceland recorded a growth of 14.5%, Cyprus saw an increase of 11.9%, Portugal reported a growth of 10.7%, Bulgaria experienced a rise of 8.7%, and Malta saw a growth of 8.4%. These positive results highlight the resilience and recovery of the aviation industry in these countries.


Athens International Airport (AIA) demonstrated strong performance with a 7.6% increase in

passenger traffic, primarily driven by leisure, VFR (Visiting Friends and Relatives) demand, and budget carrier traffic.


Other airports that performed well in April include Lisbon with a 5.6% increase, Dublin with a 0.9% increase, Palma de Mallorca with an 8.7% increase, and Tel Aviv with a 2.4% increase. These airports also experienced positive passenger traffic growth, indicating a recovery in travel demand.


Furthermore, Rhodes Airport showed an impressive 39.3% increase in April compared to the same month in 2022, positioning it among the airports with the highest growth in passenger traffic. This significant surge highlights a strong rebound in travel to this destination.


Conversely, some countries faced challenges in April, with Slovenia reporting a decline of 39.8%, Germany experiencing a decrease of 26.1%, Slovakia observing a drop of 25.9%, and the Czech Republic witnessing a decrease of 23.7% in passenger traffic.


These declines in passenger traffic suggest that these countries' aviation sectors are encountering difficulties, potentially influenced by factors such as travel restrictions, changing consumer behaviors, and economic conditions.


 

Facts:

  • Greek airports exceeded pre-Covid levels in April, showcasing a strong recovery for the aviation industry in the country.

  • Despite airlines raising fares at a rate six times higher than consumer inflation, there is a robust travel demand for Greek destinations, indicating people's willingness to pay higher prices for their travel needs.

  • Greek airports experienced an 11% increase in passenger traffic in April, signaling a positive trend towards the revival of the Greek aviation sector.

  • Several other European countries, including Iceland, Cyprus, Portugal, Bulgaria, and Malta, also reported significant growth in passenger traffic, highlighting the resilience and recovery of their respective aviation industries.

  • While some countries faced challenges with declines in passenger traffic, such as Slovenia, Germany, Slovakia, and the Czech Republic, these declines may be attributed to factors like travel restrictions, changing consumer behaviors, and economic conditions impacting their aviation sectors.





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