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EC proposes measures to limit COVID-19 impact on aviation industry
By temporarily suspending airport slot regulations, the European Commission hopes to alleviate the pressure on airports and airlines amidst the COVID-19 crisis.
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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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COVID-19 is a crisis of unprecedented proportions, says ACI Europe
The Director General of ACI Europe has highlighted the increasingly drastic impact that the COVID-19 outbreak is having on airports throughout the region.
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ACI Asia-Pacific warns of COVID-19 impact on region’s airports
Despite forecasts predicting $12.4 billion in revenue for Q1 in the Asia-Pacific region, the outbreak of COVID-19 is expected to cause a loss of $3 billion.
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UK regional airports at risk of closure following Flybe collapse, says GMB Union
Following the collapse of UK-based airline, Flybe, the GMB Union has warned that eight regional airports across the UK are now at risk of closure.
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IATA publishes updated analysis of coronavirus impact on aviation industry
Following original analysis published in February 2020, IATA has released updated figures suggesting an economic impact between $63 and $113 billion in revenue losses.
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ADEPT calls for UK aviation environmental and economic strategy
ADEPT has called for the development of a national strategy to address both climate change and the economy within the UK aviation sector.
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Airport slot rules should be suspended due to coronavirus, says IATA
As airlines experience a drastic decline in demand due to the coronavirus crisis, IATA calls for airport slot requirements to be temporarily waived.
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Oman Ministry of Transport announces 2030 aviation strategy
The strategy considers the Oman aviation industry's relationships with other sectors and will work to strengthen the economy by making notable improvements.
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How Budapest Airport shaped its commercial operations
Kam Jandu, Chief Commercial Officer at Budapest Airport, evaluates the commercial decisions that have occurred at the airport, regarding passenger experience and revenues.
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Groupe ADP acquires 49 per cent stake in GMR Airports
The financial operation includes a strategic industrial partnership with GMR regarding business development in aviation, retail, IT, hospitality, innovation and engineering.
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Coronavirus impacted passenger demand and revenues, finds IATA
Following an initial assessment of the impact of COVID-19, there will be a global revenue loss within the aviation industry of $27.8 billion by the end of 2020.
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Video: Future Travel Experience Global 2019
NEC attended FTE Global 2019 in Las Vegas to showcase how it can help airports and airlines create a seamless end-user experience.
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Securing One ID: ACI and IATA’s next big bet for seamless movement of passengers at airports
Thomas Edison said: “There is a way to do it better – find it”. This quest to do things better drives innovation across industries and sometimes unfolds paradigms that completely change our worldview. iTunes changed the music industry, Airbnb changed hospitality and AmazonGo is changing retail. Something similar is brewing…
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Whitepaper: Seamless travel
Explore the award-winning biometric and AI technology of NEC, unlocking uninterrupted kerb-to-gate travel with just a simple smile.
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Is traditional RFP standing in the way of airport innovation?
Imagine buying the high-tech car of your dreams but not taking delivery for a few years. In that time, your family grows, life changes and technology advances – fast. By the time you’re sitting behind the wheel in 2022, you no longer need to. With the rise of driverless cars,…
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