Following an initial assessment of the impact of COVID-19, there will be a global revenue loss within the aviation industry of $27.8 billion by the end of 2020.
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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.
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A multi-airport system is to be implemented in Indonesia between four airports which will support each other and the wider economy.
We spoke to Sasa Leveric, Head of IT Department at Pula Airport, to see what projects the airport is currently implementing as well as what he thinks the biggest trends are in airport IT are right now.
An updated policy brief on airport networks has been published ACI World, acknowledging they can play a key role in ensuring the economic sustainability of regional airports.
Airports Council International suggests that commercial offerings must improve in order to increase non-aeronautical revenue.
Fraport USA marks the beginning of construction on a new retail programme at Nashville airport, with the first shops and restaurants set to open in 2020.
26 October 2019 | By Nokia
Understand the deployment options and private wireless solutions utilised to enhance airport operations.
The £21 million loan will help support Cardiff Airport’s plans for the future in regard to achieving a higher passenger rate.
Aging GSE risks being not just a liability but a serious barrier to future growth, and so smaller airports determined not to be left behind must consider alternative investment opportunities. Jay Lucas, Aviation Specialist at Arkle Finance, provided more information.
GAP has begun its operation of Norman Manley Airport and has said it will invest $60 million to extend and modernise the Jamaican airport.
The Director General of ACI World has said that innovation is key to the growth of African airports but regulatory support is needed.