Airports revenue & liquidity loss due to COVID-19 Russia 2020

From April to June 2020, Russian airports were estimated to bear a total loss of 27 billion Russian rubles due to the coronavirus (COVID-19) pandemic. Under a negative scenario, the year-end revenue loss of the sector in 2020 would reach 155 billion Russian rubles.

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Total and liquidity loss of airports due to coronavirus (COVID-19) in Russia in 2nd quarter 2020 with a revenue forecast for 2020 (in billion Russian rubles)

Characteristic	Revenue loss in billion Russian rubles
Revenue loss (negative forecast 2020**)	-155
Revenue loss (positive forecast 2020*)	-80.4
Q2 2020 Liquidity loss	-22
Q2 2020 Total loss	-27

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Release date

April 2020

More information

Region

Russia

Survey time period

April 2020

Supplementary notes

The source defined the scenarios as follows: * According to the positive scenario, "the strict lockdown will last until June and a full recovery to 2019 passenger traffic levels will be seen in November 2020.
** According to the negative scenario, which is based on assumptions from Russia's Ministry of Economic Development, "economic activities will be terminated until September 2020, a recurrence of COVID-19 will be seen in China and South Korea, the economic activities in Europe and China will bounce back in 4Q 2020 or 1Q 2021."

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