Bologna Airport: Passenger traffic dropped by 69.9% in march first two weeks

BOLOGNA AIRPORT: PASSENGER TRAFFIC DROPPED BY 69.9% IN MARCH FIRST

TWO WEEKS

AdB applies for Extraordinary Redundancy Fund

for its workers, maintaining the minimum essential services

Coronavirus has changed Bologna Airport's face. The Airport is open and operative - in compliance with Decree 112 issued by Infrastructure and Transportation Ministry on 12th March - but its flights are reduced to minimum as a consequence of the cancellations progressively made by the Airlines in the last few weeks.

The result is a sharp fall in passenger traffic, which recorded - 69.9% in March first two weeks for a total of 96,921 passengers. Since the beginning of the year, 1,551,570 passengers have been recorded, with a decrease of 10.3% showing a very good growth trend in the first part of 2020, followed by a sudden slowdown set off by Covid-19 emergency.

Due to the current predicament, AdB CEO Nazareno Ventola and HR Director Marco Verga held today a conference call with trade unions' representatives and announced AdB is going to apply for Extraordinary Redundancy Fund for all its employees, maintaining minimum operative services and reducing the activity of office staff. According to the procedure, Extraordinary Redundancy Fund can be applied for by a Company whose crisis is due to sudden and unpredictable events. Bologna Airport will also consider the possible access to the facilities provided by "Cura Italia" Decree to be issued shortly.

In the meantime, unused leave is being fully used and smart working is being implemented for most office workers, and from the very beginning all steps have been taken as required by Government decrees to avoid the virus spreading on worksites.

Bologna, 16th March 2020

* * *

Bologna Guglielmo Marconi Airport, classified as a "strategic airport" in the centre-north area of the National Airports Plan prepared by the Ministry of Infrastructure and Transport, in 2019 was the seventh biggest Italian airport by passenger numbers, with 9.4 million passengers (Source: Assaeroporti). Located in the heart of the Emilian food valley and the automotive and packaging industrial districts, the airport has a catchment area of about 11 million inhabitants and around 47,000 companies, with a strong propensity to exports and internationalisation and with commercial expansion policies to Eastern Europe and Asia.

The presence at the airport of some of the largest airlines in Europe along with some of the leading low-cost carriers and the close link with European continental hubs make Bologna Italy's forth airport for global connectivity (Source: ICCSAI - Fact Book 2019).

As for airport infrastructure, the airport has among its strategic objectives in the next few years an important development plan that mainly concerns the expansion of the terminal, particularly in the parts of security checks and gate area. The company's aim is to make Bologna Airport one of the most modern and functional in Italy, an important gateway to the city and region.

* * *

For further information: www.bologna-airport.it

Press Office:	Investor Relations:
Anna Rita Benassi	Patrizia Muffato
Responsabile Comunicazione	Chief Financial Officer e Investor
e Ufficio Stampa	Relations Manager
[e-mail]	[e-mail]
Tel: [phone]	Tel: [phone]