ACI Europe airports association warns that 193 airports are at risk of insolvency in the coming months if passenger traffic does not start to recover from the coronavirus shock.

These air hubs facilitate 277,000 jobs and account for €12.4 billion ($14.7 billion) of European GDP, the organization said in a statement on Tuesday.

While the airports facing insolvency are mainly smaller regional hubs, their closure may have a ripple effect on economies and lead to “the collapse of a significant part” of the European air transport system, according to Airports Council International Europe (ACI). (RT)