1H 2020 Financial Results Presentation
(WorldNews Italy)

1H 2020 Financial Results September 29, 2020 1H 2020 Highlights Severe impact of Covid-19 emergency on aviation sector, starting from March 2020, with 1H en-route traffic down 58.4% YoY; negative traffic peak in April and May (approx. -90%YoY). First signs of improving trend in June, confirmed during summer season with traffic in July down 67% YoY and August down 56% YoY Traffic evolution remains volatile and difficult to predict for last part of the year hence Company is withdrawing 2020 Outlook, communicated in Q1 2020 results, for mid-single digit Net Revenue decline YoY and high-single digit Net Income decline YoY; Capex outlook confirmed at approx. €80m 1H Net Revenue declines 10.7% YoY...