As the COVID-19 pandemic continues to impact the aviation industry, data from ACI Europe shows a 59.5 per cent fall in passenger traffic in March 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.
Up to HK$2 billion will be given to the aviation industry by AAHK in order to support the sector through liquidity pressures as a result of COVID-19.
ACI World has published an advisory bulletin offering guidance for airports on best practices for adapting operations and dealing with grounded aircraft.
As the aviation industry continues to struggle amidst the COVID-19 crisis, ACI Europe and other European aviation stakeholder associations have called for better financial support.
In order to limit the impact of COVID-19 on Cardiff Airport, the Welsh government has announced financial support and called on the UK government to help.
Global passenger demand fell by 14.1 per cent in February 2020, according to IATA analysis, as the COVID-19 began to severely impact Asia-Pacific markets.
As the consequences of COVID-19 began to impact the air cargo industry in February, IATA data found that cargo demand saw a 1.4 per cent decrease.
As a result of travel restrictions and border controls, the COVID-19 pandemic has been estimated to eradicate 38.1 per cent of passenger traffic in 2020.
Catya Zuniga and Geert Boosten, from the Amsterdam University of Applied Science, discuss how best to define aviation capacity.
Airports across the U.S. will be awarded approximately $10 million in COVID-19 financial support under the Trump Administration's CARES Act Airport Program.
AOA has called on the UK government to better support the country's aviation industry as countries across the globe implement significant supportive measures.
Almost 40 Members of Parliament have written to the Chancellor calling for more support for the UK aviation industry during the COVID-19 pandemic.
The UK's House of Commons' Transport Committee held an informal virtual meeting with Transport Secretary, Grant Shapps, to discuss the implications of COVID-19 on transport.
ACI data outlines that airports employ over 6.1 million people globally, and so have urged for financial measures to be implemented to protect airport jobs amidst the COVID-19 crisis.