Brussels, 13/04/2015 (Agence Europe) - European airport traffic will grow by between 2% and 5% in 2015, a report by ratings agency Moody's forecasts on Monday 13 April. This is less than last year's growth of 5.4% but outstrips traffic growth on toll roads, which is expected to grow by between 0% and 3% this year.
The reasons behind this growth are principally the economic recovery and the fall in the price of fuel. Moody's notes that it expects cheaper fuel to have only a limited positive impact on motorway traffic as “macroeconomic factors play a more significant role in toll road traffic volumes”. Furthermore, it says that the drop in the oil price has not been not fully passed on to consumers due to taxation.
The fall in the euro will not be of benefit to toll roads either. It will be “marginally positive” for airports based in the euro area, primarily because more leisure passengers from non-euro countries are likely to visit to “take advantage of their stronger purchasing power”. (Jean Comte)