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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.
In the latest instalment of our exclusive series, Gert-Jan de Graaff, CEO of Brisbane Airport Corporation (BAC), explains how quick thinking has been central in adapting to the challenges of the pandemic, and that there is a glimmer of hope for recovery on the horizon.
Following an unprecedented year of impacted revenue streams and collapses in passenger demand, Stewart Wingate, CEO of Gatwick Airport, has said that he is optimistic for the airport's recovery.
AOA and AGS Airports have expressed their disappointment in the Scottish government's lack of a recovery plan or framework for Scotland's aviation industry.
Sergi Alegre, Director General of Airport Regions Council, speaks to International Airport Review about his outlooks on the coming year for the aviation industry.
With the COVID-19 pandemic continuing to drastically impact the aviation industry, final Full Year 2020 results from ACI Europe highlight the extent of the current damage to European airports.
From 8 March 2021, vehicles using the forecourt of Gatwick's North Terminal to drop off or collect passengers will be required to pay a minimum charge of £5.
The U.S. House of Representatives has outlined a proposal for a new round of COVID-19 relief for U.S. airports, with ACI-NA thanking them for the "much-needed funds".
AOA has called for urgent additional, aviation-specific financial support from the UK and devolved governments in order to support the recovery of the industry.
International passenger demand fell by 75.6 per cent in 2020 compared to 2019 levels, representing the sharpest traffic decline in aviation history.
The new restrictions, on top of existing rules and requirements, are creating an even bleaker future outlook for Canadian airports.
Volumes in the Asia-Pacific market are expected to return by approximately 2023, but the Middle East will take longer, and is expected to return to pre-COVID-19 levels by 2024.
The scheme will allow commercial airports and ground handlers to apply for up to £8 million each from the UK government to support with fixed costs.
Should the post-pandemic prediction be correct, a total of roughly 83 million fewer passengers would fly from BER between 2021 and 2025 than originally expected.
Under the COVID-19 Emergency Rent Relief Program, SFO's concessions will receive a suspension of MAG payments, as well as a suspension on other cleaning and infrastructure fees.
With fresh travel restrictions and border closures being implemented across the globe, ICAO's Secretary General has outlined that there are few signs of near-term relief ahead for travel and tourism markets in the continued face of COVID-19.
