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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.
The pandemic has had a drastic impact on connectivity, with IATA’s Senior Vice President for Member External Relations stressing that "there are no winners, just some players that suffered fewer injuries."
The partnership will support the world’s airports in planning for summer 2021, ensuring that they continue to provide the economic and social benefits to the communities that they serve.
The CAC has called on the Canadian government to implement a range of additional supportive relief measures as COVID-19 continues to drastically impact passenger numbers.
Andreas Conrad, Head of Marketing at Qognify, discusses how Enterprise Incident Management (EIM) and next generation Video Management Systems (VMS+) can help to improve how airport incidents are managed as they unfold.
The strategy will work to support the aviation industry's recovery by limiting travellers' required self-isolation period upon entering England after travelling to countries not featured on the UK government’s travel corridor list.
Attracting over 600 airport industry delegates, AOE’s webinar delivered by CEO Kian Gould shared a practical perspective on the proven ability of digital to drive a post-COVID-19 revenue recovery.
The COVID-19 pandemic has continued to severely impact the European airports network, with passenger traffic currently down by 81 per cent.
The second edition of ICAO's Take-off guidance includes recommendations on COVID-19 testing, travel bubbles and regulatory alleviations.
ACI has adopted the resolution to support recovery by urging airports to implement best practices for the accommodation of health measures in accordance with global and regional guidance.
Estimates from the Air Transport Action Group suggest some 4.8 million aviation workers’ jobs are at risk as a result of air travel demand falling more than 75 per cent.
The introduction of the air travel bubble for quarantine-free travel between Hong Kong and Singapore has been outlined as a positive and important first step to travel recovery.
After postponing its Terminal 3 West project, SFO has now announced that it will postpone a range of additional construction projects as a result of reduced passenger activity and revenues due to COVID-19.
The CAC has welcomed the announcement, but says that the financial support would have to be “quite substantive” for most airports to be in a financial position to consider a halt or rollback of recently announced fee increases.
AOA has outlined a package of support measures to help airports through the challenging winter months and is calling on the UK government to deliver them.
As a result of a second wave of COVID-19 spreading across the globe, passenger demand remains over 70 per cent lower than 2019 levels.
