PJSC Sberbank: Russian airports in the Top 5 European hubs that are recovering the fastest

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Russian airports suffered greater losses in passenger traffic during the pandemic than Russian airlines, as their statistics also take into account passengers from the foreign airlines they serve. Due to the company’s greater marginality, the pandemic had a lower impact on it than on the aviation industry.

In 8M21, Russian airports saw their total passenger traffic (departures + arrivals, millions of people) reach 133.6 million people, up 64% year-on-year and down 10% year-on-year pre-pandemic of 2019.

The Moscow Aviation Hub (MAH) recovers more slowly than airlines, as MAH’s core passenger traffic is international flights and domestic passengers transiting to foreign flights.

However, in June, the peak season with the highest passenger traffic of the year, three Russian airports made the list of the top five European airports with the highest passenger traffic.

According to The Anker Report European Airport Traffic Statistics, Sheremetyevo Airport ranked first (2.9 million passengers in June 2021), Domodedovo third (2.4 million) and Pulkovo fifth (1 , 9 million).

Passenger traffic at airports near beach resorts has surpassed 2019 levels before the pandemic, as passengers shift away from international travel to domestic tourism. In 8M 2021, Anapa and Kaliningrad increased their passenger air traffic by 83% and 65%, respectively, to 2.2 and 2.6 million people compared to 2019; Sochi saw the metric increase 65% to 7.8 million passengers.

Several regional airports also significantly increased the number of passengers in 2021. As of 8M 2021, passenger traffic from Gorno-Altaysk has increased 3.5 times to 229,300 people, Ulyanovsk has seen the metric increase by 59% to 355,000, and in Kirov he added 39% to reach 220,800 people.

Anatoly Popov, Vice-Chairman of the Management Board, Sberbank:

“During the pre-pandemic period from late 2019 to Q1 2020, most of the biggest players in the airport industry have attracted long-term investment loans to develop airport infrastructure. A partial restructuring of payments on these loans was planned in 2020, while in 2021 it was no longer necessary. According to our estimates, airports have received around RUB 11 billion in state subsidies and some RUB 5 billion under state-supported loan programs. With the resumption of international flights, the airport industry and airlines will recover quickly. The biggest risk for the entire aviation market today is the introduction of new restrictions on human mobility due to COVID-19. “

Disclaimer

Sberbank of Russia published this content on 05 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 06 October 2021 11:35:09 AM UTC.


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