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Harnessing data and innovation to generate new revenue streams for airports
Discover how harnessing the air transport industry’s data assets can generate new revenue streams for airports.
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Revenues
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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In conversation with Lars Mosdorf, Chief Financial Officer and Labour Director, Düsseldorf Airport
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San Diego Airport secures $110 million for new terminal project
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GTAA to alter rates, charges and improvement fee at YYZ
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Six Steps to Creating a Contactless Passenger Journey
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Accelerating recovery with non-aeronautical revenue
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Significant revenue increase across Finavia’s network
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