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Gatwick Airport publishes April to December 2019 financial results
Gatwick Airport experienced an overall increase of 0.3 per cent in passenger traffic in 2019, which has now been heavily impacted by the COVID-19 pandemic.
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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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ICAO forecasts suggest 1.2 billion fewer travellers by September 2020
As people become less inclined to travel as a result of the COVID-19 pandemic, ICAO estimates outline a drop of as much as two-thirds in passenger traffic by the end of Q3 in 2020.
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ACI World publishes annual Airport Economics Report for 2018
ACI's report outlines a globally profitable aviation industry prior to the COVID-19 pandemic, highlighting the importance of a stable and healthy sector.
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IATA calls for passenger confidence boost measures in face of slow recovery
With survey results suggesting a slow recovery for air travel demand, IATA has called for governments to implement confidence-boosting measures for travellers.
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ACI Asia-Pacific calls for support as region prepares to resume services
As airports across Asia-Pacific prepare to resume airport operations, ACI Asia-Pacific has called for support in approach to the post-COVID-19 period.
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To recover from COVID-19, airports need a bailout too
In regard to government aid during the COVID-19 crisis, Ilia Lioutov – Senior Manager of Economics and Policy at ACI World, says it would be very short-sighted to support only one actor in aviation. Airports have an equal role to play in the prospective recovery.
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COVID-19 airport recovery road map published by ACI World
ACI World has recommended six focused policy responses that should be implemented in order to support the airport industry's recovery post-COVID-19 pandemic.
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BAC works with Brisbane Airport retailers to develop online marketplace
As the COVID-19 pandemic causes severe drops in passenger traffic, Brisbane Airport Corporation has developed an online marketplace for Brisbane Airport retailers to limit the financial impacts of the global crisis.
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U.S. airports to receive COVID-19 relief through CARES grant funding
Approximately $10 billion in CARES grant funding will be divided among commercial and general aviation airports across the U.S.
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Coronavirus roundtable: How is the aviation industry responding to the COVID-19 pandemic?
As part of International Airport Review's exclusive coronavirus roundtable, representatives from ACI Asia-Pacific, the Airport Operators Association, the Australian Airports Association and Tidal Basin discuss the impacts of COVID-19 on aviation, and what is being done by the sector in order to further prevent the spread of the virus.
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IATA analysis shows COVID-19 putting half of passenger revenues at risk
As the COVID-19 crisis continues to impact the aviation industry, IATA analysis has outlined a fall of over 50 per cent in passenger revenues as a result.
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TIACA outlines unity as key factor in aviation post-coronavirus recovery
In an ICAO Council video conference, TIACA highlighted the need for closer collaboration in order to limit the impact of COVID-19 on the aviation sector.
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Calls for UK government to amend COVID-19 aviation support measures
The AOA, Airlines UK and the ADS Group have released a joint statement calling for the UK government to amend its COVID-19 aviation business support measures.
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ACI Europe passenger data for March 2020 shows impact of COVID-19
As the COVID-19 pandemic continues to impact the aviation industry, data from ACI Europe shows a 59.5 per cent fall in passenger traffic in March 2020.
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Hong Kong aviation industry benefits from AAHK COVID-19 relief package
Up to HK$2 billion will be given to the aviation industry by AAHK in order to support the sector through liquidity pressures as a result of COVID-19.
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