Bill Wyatt, Director of Airports, believes that in the future, airport hubs will become even more important than they have been before.
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In March 2019, it was reported that global airport revenues grew 6.2 per cent to US$172.2 billion, comprised of 55.8 per cent aeronautical revenue, 39.9 per cent non-aeronautical and 4.3 per cent non-operating. The aeronautical means include the terminal, landing and passenger fees paid by airlines.
Money can also be made through many other aspects within an airport’s operation, for example, car parking fees, retail concessions, real estate and advertising.
Regarding non-aeronautical revenues, a large part of course lies with the duty-free shops and restaurants available in a terminal. It is recognised within the industry that a happy passenger is more likely to be a spending passenger, and so it can be argued that an airport’s revenue strongly relies on securing a high-quality passenger experience.
Bahrain Airport Company and ACI World partnered to develop the online course in order to continue training amidst the COVID-19 pandemic.
As the pandemic continues to drastically impact aviation, the AAA has emphasised the need for the industry to be a priority in post-COVID-19 economic recovery.
Satyaki Raghunath, Chief Strategy and Development Officer at Bangalore International Airport Limited, discusses how Kempegowda Airport responded to the unprecedented impact of the COVID-19 pandemic and how it is preparing for the full resumption of operations.
In addition to calling for $13 billion in financial support, ACI-NA has made several aviation policy recommendations to the U.S. Congress.
ACI Europe has outlined that calls for the extension of the 80-20 airport slot waiver should only be considered following a data-driven and evidence-based approach.
ICAO, IATA and ACI Asia-Pacific are urging Middle Eastern governments to implement global guidance in order to ensure the safe restart of the region's aviation industry.
ACI World has called for urgent financial assistance from governments in supporting the recovery of airports and the aviation industry.
In the latest instalment of International Airport Review's exclusive CEO series, Dr. Constantin von Alvensleben, Chief Executive Officer of Tirana International Airport, offers a positive perspective on the current crisis with a strong belief that aviation can recover and prosper.
Veovo will implement its revenue management system across all of Swedavia's airport network, such as Stockholm Arlanda Airport.
ACI Europe data has outlined that only 4.3 million passengers travelled through the vast network of European airports during May 2020.
By the end of March 2020, passenger traffic experienced a global decline of almost 60 per cent as a result of the COVID-19 pandemic.
After reaching the lowest recorded rate since records began in 1990 during April 2020, IATA data has outlined the beginning of an increase in passenger demand.
The decline has been attributed to insufficient capacity to meet demand following the loss of belly cargo operations on passenger aircraft.