Fitch Ratings: Russian air traffic more resilient to pandemic than EMEA peers’

Russian airport traffic has been more resilient to pandemic shocks than that of European airports thanks to a quick recovery of its sizeable domestic travel market, Fitch Ratings says. Air traffic in Russia had recovered to its pre-pandemic levels by September, while the traffic of European Fitch-rated airports is still about 40% lower than in 2019. The global airport sector was among the worst hit by mobility restrictions during the pandemic. However, the level of resilience and traffic recovery rates differ significantly between countries and airports. Although the Russian aviation market was affected by restrictive measures at the start of