Passenger traffic growth in the EU market stood at +4.6% in Q3 – remaining consistently stable over the three month period.
Airports in Finland, the Baltic States, Poland, the Czech Republic, Slovakia Hungary, Malta and Luxembourg registered double-digit growth. Conversely, airports in Sweden, the UK and the Netherlands posted the weakest results.
Among EU capital & larger airports, double-digit growth was achieved in Q3 by Athens (+12%), Vienna (+10%), Milan-Malpensa (+10.7%), Warsaw (+12%), Budapest (+13.6%), Malta (+11.4%), Luxembourg (+10%), Bratislava (+14.7%) and Tallinn (+10.5%).
While passenger traffic in the non-EU market stood at +6.5% in Q3, the growth pace slowed over the 3-months period from +6.8% in July to +5.6% in September. This was mainly due to Turkish airports decelerating and almost coming to a standstill in September (+0.4%) – as the country’s difficult economic situation is impacting demand for air travel.
Airports in Russia, Ukraine, Montenegro, Albania, FYROM and Iceland posted double-digit growth.
The following non-EU capital and larger airports achieved particularly dynamic growth in Q3: Moscow-SVO (14.3%), Moscow-Vnukovo (+17.5%), Tel Aviv (+10.5%), Kiev (+16.6%), Keflavik (+10.2%), Tbilisi (+10.7%), Tirana (+15%), Skopje (+12.9%) and Podgorica (+14.6%).
Smaller airports (below 5mppa) outperformed the European average in Q3, with their passenger traffic increasing by +6.7%.
Meanwhile, growth at the Majors (top 5 European airports) capped at +3.3%. Frankfurt (+7.3% - N.3) led the league, followed by Paris-CDG (+4.5% - N.2). Istanbul-Ataturk (+1% - N.5) posted the weakest performance, followed by capacity constrained Amsterdam-Schiphol (+1.1% - N.4) and London-Heathrow (+2.4% - N.1).
Freight traffic during Q3 was up +1.4%, while aircraft movements (an indicator of new airline capacity in the market) were up +3.4%.
ACI Europe director general, Olivier Jankovec, says: “The peak summer months show that the momentum in traffic growth is robust, but diminishing.
“Airport capacity issues, industrial unrest, rising oil prices and airline consolidation are putting the brakes on more gains. Aviation taxes and economic slowdowns have also come to take their toll, as evidenced by stalling air traffic growth in Sweden and Turkey.
“Looking at the coming months, BREXIT risks have somewhat receded following yesterday’s EC announcement of its contingency measures in case negotiations with the UK fail.
“The fact that the EC has formally clarified that it will propose measures to ensure undisrupted air connectivity between the EU27 and the UK after March 2019 is indeed a relief.
“With the UK having already taken a similar position, this means that consumers can now have confidence over existing and future bookings for travel between the EU27 and the UK next year.”
He added “However, the EC announcement makes it clear that these contingency measures would only apply until December 2019. That still leaves a big question mark as to what would happen beyond that date if the no-deal scenario materialises.”
During Q3, airports welcoming more than 25mppa (Group 1), airports welcoming between 10 and 25mppa (Group 2), airports welcoming between 5 and 10mppa (Group 3) and airports welcoming less than 5mppa (Group 4) reported an average adjustment +4.2%, +5.7%, +4.9% and +6.7%.
The airports that reported the highest increases in passenger traffic are as follows:
GROUP 1: Moscow SVO (+14.3%), Madrid (+8.6%), London STN (+8.2%), Istanbul SAW (+7.5%) and Frankfurt (+7.3%)
GROUP 2: Moscow VKO (+17.5%), Kiev (+16.6%), Budapest (13.6%), Warsaw & Athens (+12%) and Venice (+11%)
GROUP 3: Seville (+23.3%), Palermo (+15.3%), Riga (+14.8%), Krakow (+13.5%), Sochi (+12.2%)
GROUP 4: Targu Mures (+9547%), Taranto (+155.2%), Vilnius (+107.9%), Sibiu (+58.9%) and Kutaisi (+53%)