How tough have the last 18 months been for North America's airports and do you think you have fared better or worse than other parts of the world? The ongoing global pandemic has severely impacted airport finances over the past 18 months and continues to do so. We estimate that the steep, prolonged downturn in passenger traffic due to the pandemic will cost US airports more than $40 billion and Canadian airports more than C$5.5 billion in lost revenues by the end of 2021 -numbers that will only grow if travel restrictions continue. In relation to the rest of the world, North American airports have experienced many of the same challenges as airports in other regions. The key difference for North America is the phenomenal level of relief for airports from the US government; but the slow trickle of governmental relief to airports in Canada and ongoing international travel restrictions are putting North American airports behind the rest of the world.
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