Vinci Sees a Green Future
- France’s Vinci, which runs airports in Europe, Asia, and the Americas, started off its latest earnings presentation with a review of the year that was. It was a record year for the company, in terms of traffic and revenue. Its assets, including London Gatwick, performed above expectations.
And then the pandemic struck. Traffic has fallen to virtually zero at many of its facilities, and the company’s leadership said it couldn’t predict anything for the balance of this year, as too much uncertainty remains not only of the pandemic’s trajectory but how governments will ease travel restrictions and when passengers will feel confident to travel. Alas, virus uncertainty, government uncertainty, economic uncertainty, and traveler confidence uncertainty.
That said, Vinci is looking beyond the pandemic to the future and believes that future will be green. Thus, it’s planning to step up its sustainability efforts with the aim of achieving carbon neutrality. Vinci’s large portfolio of airports, besides London Gatwick, includes all major facilities in Portugal, plus Osaka Kansai, Lyon, Belfast, and Belgrade, to name but some of the larger ones.