July 28, 2020 / 4:15 PM / 17 days ago

European air traffic not to recover until 2024, says Spanish airport operator

FILE PHOTO: The logo of Spanish airports operator Aena is seen on the top of a welcoming sign outside Adolfo Suarez Barajas airport in Madrid, Spain, March 9, 2016. REUTERS/Sergio Perez/File Photo

MADRID (Reuters) - Spain’s airport operator Aena (AENA.MC) said it did not expect European air traffic to recover to pre-Covid levels of activity until 2024, as the state-owned company released its first half results on Tuesday.

Aena also estimated that passenger traffic for 2020 would decrease between 57% and 67% overall, and reported a dive in traffic of 97.8% compared to the same six-month period last year.

Reporting by Clara-Laeila Laudette; editing by Nathan Allen

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