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COVID-19

Neutron Bomb over Cancún

Cancún Airport (CUN) Traffic

On October 21, 2005, hurricane Wilma first made landfall on Mexico’s shores striking the island of Cozumel. The hurricane exited the Yucatán Peninsula into the Gulf of Mexico on October 23 and a day later struck Florida.

Wilma is the most intense hurricane ever recorded in the Atlantic Ocean and — causing damages to the tune of 1,752 million USD — became the most expensive insured event in the history of Latin America.

During the 4th quarter of 2005 CUN handled 1.2 million passengers, the lowest number in over two decades. This record has now been broken during the 2nd quarter of 2020 with the airport serving only 288 thousand passengers.

In addition to resulting in tens of thousands of deaths in Mexico, the COVID-19 pandemic has brought severe economic hardship to the door of millions who depend on international tourism for a livelihood and unfortunately there is no measure of demand stimulus available that can help the industry and region on the scale it needs.