FRANCE/INTERNATIONAL. Vinci Airports generated €990 million in revenue in 2020, down by -62.4% on a reported basis and -65.5% like-for-like. The airports group, a division of Vinci Concessions, reported full-year results today, noting that the sharp decline was due to the collapse in airline activity worldwide following the COVID-19 outbreak and related travel restrictions.
The division posted a €0.4 billion loss despite cost-cutting measures introduced early in the pandemic.
As reported previously, passenger traffic in the Vinci Airports global network fell by -70% year-on-year in 2020, to 76.6 million.The company reported positive passenger trends at Salvador Bahia Airport in Brazil, and at Orlando Sanford International Airport in the US in the second half. The lifting of restrictions in the Dominican Republic also generated an upturn in travel, while Osaka Itami and Kobe airports in Japan showed limited growth in domestic passenger numbers in the fourth quarter.
Vinci Chairman and CEO Xavier Huillard said: “With new waves of infection taking hold, airport passenger numbers have remained very low since the beginning of 2021 and visibility for the coming quarters is limited.”
