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H1 Overflight Revenues Down 46%

H1 Overflight Revenues Down 46% H1 Overflight Revenues Down 46%

Iran Airports Company’s revenues from overflight charges decreased by 46% or $69 million in the first half of 2020 compared with the same period of 2019, according to Siavash Amirmokri, managing director of the company.
The official noted that optimistic projections put the number of aircraft flying over Iranian airspace during 2020 at 112,000 and expected revenues to reach 10,000 billion rials ($40 million).
However, he added that a 47% decline in passenger traffic is expected at Iran’s airports by the end of 2020, IRNA reported.
“The total number of international passengers at Middle East airports will decrease by 102-113 million and revenues in this sector will be down by $18-20 billion during 2020. The number of domestic passengers in the Middle East will also decline by 21-24 million and revenues will drop by $2 billion,” he said.    

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