Friday, January 8, 2021

Airport Losses

 For roughly two months, the new Berlin Airport has been open.  

The estimated 'take' or income?  Well....it's figured currently (discussed via RBB, public TV in Berlin) that it loses around 1-million Euro a day.  So you can figure since 1 November....it's around 35-million Euro in losses so far.

Chief reason?  Covid-19 is hurting traffic in a serious way.  

Any hope here?  If you view the vaccination business, most folks have this idea of summer travel (June-July of 2021).  It's not to say it'll return to a normal stage, but anything of a plus-nature is positive.  To reach that plus-stage?  You have to figure at least four additional months of losses (120-million Euro minimum, on top of the past two months).

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