The Atlantia-controlled operator of Nice Airport, France’s largest regional airport, has been hit by a double setback – plummeting traffic due to COVID-19 and a massive tariff drop. With its loans close to maturing, what can it do to survive the turbulence? Nick Krause and Stefano Berra report
European airports have seen passenger numbers drop by over 90% in recent months, losing some EUR 2bn of revenues in the first quarter of 2020 alone, due to the coronavirus pandemic. But the crisis comes at an especially bad time for Aéroports de la Côte d’Azur (ACA), which runs Nice Côte d’Azur Airport.