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ACI Policy Brief highlights crucial role of duty free and travel retail
The document, which discusses the economic recovery of the aviation industry, draws attention to the importance of airport duty-free.
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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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IATA calls on Canadian government to adopt testing initiatives
With COVID-19 quarantine measures severely halting the recovery of the Canadian aviation industry, IATA has called for the government to consider testing instead.
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Malaysia Airports launches e-commerce platform, shopMYairports
By introducing the new online service, Malaysia Airports is working to support its retail partners as they face challenges arising from COVID-19.
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ACI analysis outlines predicted extent of COVID-19 impact on airport industry
Analysis undertaken by ACI has found that the impact of COVID-19 could reach an unprecedented $104.5 billion reduction in revenue for 2020.
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ACI data outlines slower than expected COVID-19 recovery in June 2020
Despite early predictions outlining June 2020 as the turning point for aviation in recovering from COVID-19, passenger demand remains drastically low.
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Gatwick Airport to undertake significant business restructure
As a result of the severe impact of COVID-19 on the airport, Gatwick Airport will undertake a major business restructure, putting roughly 600 jobs at risk.
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International Airport Review Issue 4 2020
This issue covers how COVID-19 is set to change the aviation ecosystem for the foreseeable, alongside surface access, new appointments and the One ID project.
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ACI World data outlines 91.3 per cent decline in passenger traffic in May 2020
Though May 2020 saw a slight increase in passenger traffic demand, the aviation industry continues to suffer as a result of COVID-19.
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Philadelphia Airport’s runway to COVID-19 recovery
Stephanie Wear, Director of Air Service Development and Cargo Services at Philadelphia Airport, discusses the airport’s response to the drastic decline in air services through its COVID-19 Air Service Recovery Incentive Program.
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Over $273 million in grants awarded to 184 U.S. airports
U.S. Transportation Secretary, Elaine L. Chao, announces over $273 million in grants to 184 airports in 41 states and six territories.
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With international travel still locked down, aviation recovery is delayed
IATA predicts global passenger traffic will not recover to pre-COVID-19 levels until 2024, due to continuing international travel restrictions.
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ACI EUROPE calls for non-discriminatory relief for airports
ACI EUROPE’s President, Jost Lammers, said: “One-sided financial aid to airlines creates massive imbalances.”
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UK airports are set to lose £4 billion in 2020
COVID-19 has brought international aviation to a near-standstill, in the worst drop-off in traffic levels the industry has ever witnessed.
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ACI Europe revises traffic recovery projection to 2024
With only marginal traffic increases reported in June, a full recovery in passenger traffic to 2019 levels is now expected for 2024.
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GOAA presents COVID-19 and construction updates at Orlando
The Greater Orlando Aviation Authority (GOAA) Board has reviewed several issues affecting operations at Orlando International Airport.