As a result of travel restrictions and drastic reductions in flights worldwide, Munich Airport is suffering from decreases in nearly every area of its operations. Take-offs and landings reached a low last week, with traffic plummeting to less than 10 percent of the number year over year. Passenger traffic is at 5 percent of last year’s level.
Some of the airport’s measures to secure the airport’s liquidity include a set of measures to impose tight limits on personnel and material costs and a postponement of planned investment projects. As the airport is deemed critical infrastructure, Munich Airport is continuing to operate to ensure returnees can get home and cargo keeps moving. More than 100 out-of-service aircraft are parked and unneeded infrastructures have been temporarily shut down.
“We are experiencing a crisis in global air transportation on an unprecedented scale, with no end in sight. Protecting the health of the passengers and employees at Munich Airport remains our top priority. Another vital concern is to limit the enormous economic damage for Munich Airport and the people working here by taking all necessary measures to preserve our financial stability,” said Jost Lammers, president and CEO, Munich Airport.
While the future remains uncertain and travelers around the globe eagerly await a return to normalcy, Lammers remains optimistic. “The effects of the coronavirus crisis far exceed the impact of the terrorist attacks of September 11, 2001, or the global financial crisis in 2008. Consequently, it may take significantly longer this time before demand returns to the previous level. Nor can we rule out structural changes in air traffic. But I have no doubt that the global need for mobility will increase in the medium term and that air travel will therefore return to growth once more.”
Read This Next
Introducing
FX Excursions
FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.
#globility
Insta FeedMarch 2024
Mar 28, 2024Cruise Lines Elevate the Onboard Fine-Dining Experience
It’s been a long time since the food on cruise ships resembled the bland, uninspired fare that gave onboard dining a bad name. These days, cruise passengers can look forward to menus created by Michelin-starred chefs made with top-quality ingredients served in stunning spaces. Choices abound as well. In addition to elegant main dining rooms, cruise ships have created a huge array of specialty restaurants that focus not only on perfectly executed traditional European and North American dishes but flavors and experiences from around the globe as well. In fact, meals served aboard cruise vessels have gotten so good, they’re drawing passengers onto ships: According to a recent report by luxury travel planning network Virtuoso, advisors report after Europe (specifically Italy and France), the No. 2 dining destination for travelers is aboard an ocean or river cruise. “This shows how cruise lines have really stepped up their culinary game, with consulting chefs and new restaurants and making that a focal point,” said Misty Belles, vice president, Global Public Relations, Virtuoso.
Sponsored Content
A New Perspective on Incentive Travel
Incentive travel has long been a way for organizations to drive sales and reward employees with opulent trips to exotic destinations. Today it encompasses even more.
March 2024
Mar 27, 2024Udaipur Unveiled: A Walking Tour in Rajasthan’s Most Romantic City Reveals Its Many Layers
Anyone who makes their way to Rajasthan in northern India has likely heard of Udaipur’s allure. The city revered for its lakes and marble palaces is considered by many who know not only the Indian subcontinent but the planet as a whole to be the most spectacularly romantic city on Earth.
eFlyer Reviews
Mar 27, 2024Hotel Indigo La Paz Puerta Cortés Review
Hotel Indigo La Paz Puerta Cortés is an oasis where the desert meets the sea, nestled between the Sea of Cortez and La Paz Bay in Mexico. With an emphasis on providing guests a relaxing experience through wellness and culture activities, the hotel is a short 10-minute drive from Downtown La Paz, Mexico. Upon entrance under the porte cochere you are greeted with a palette of whites and browns, a theme constant throughout the property.
Sponsored Content
Tips to Plan a Destination Event Worth the Trip
Corporate events can often feel … too corporate. Where to go to get the team out of the office environment to bond and think outside the box? Starting with an unconventional, unique space to make them feel like the all-stars they are will get the juices flowing and make your LinkedIn profile glow.
eFlyer News
Mar 27, 2024Japan Airlines Purchases 32 Airbus, 10 Boeing
Japan Airlines agrees to purchase 32 aircraft from Airbus and 10 787-9 Dreamliner aircraft from Boeing as part of the airline’s fleet renewal program. Of the 32 Airbus aircraft ordered, 21 are widebody A350-900 and 11 are narrowbody A321neo aircraft.
March 2024
Mar 26, 2024Discover the Best of Switzerland Within its Compact Capital City, Bern
The Swiss protect the traditional sound of metal cowbells softly tinkling as cattle graze the meadows as fervently as they enforce laws mandating the preservation of chalet architecture or prohibiting hand-washing of personal vehicles on Sundays.
Sponsored Content
Hit the High Notes in Nashville
Nashville’s once-modest skyline continues to evolve as its luxury market grows. Lavish hotel properties are added to the landscape while acclaimed chefs stake claim in the robust culinary scene and premier cultural offerings round out the city’s repertoire.
ShareThis