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IATA urges governments to do more during the COVID-19 pandemic
IATA has thanked governments who have been supportive of the industry during the COVID-19 pandemic but have asked that further worldwide governments follow suit.
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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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UK airports disappointed in change in government COVID-19 support
The AOA has said the UK government only allowing the industry financial help during the COVID-19 crisis on a case-by-case basis is "not feasible to provide the support necessary in the coming days".
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Updated revenue analysis from IATA shows worsening impacts of COVID-19
IATA now estimates that industry passenger revenues could plummet by $252 billion; 44 per cent below 2019’s figure.
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ICAO calls for improved coordination and awareness of COVID-19
ICAO is urging governments across the globe to improve coordination with aircraft operators and to have a heightened awareness of the impact of COVID-19 on aviation.
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ACI EUROPE, ASA, ACA and ETRC call on EC for urgent measures
The open letter complements the trade association's individual requests for support measures to see airport operators and service providers able to weather the impact of the coronavirus pandemic.
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SEA Milan adapts operations and investments in wake of COVID-19
As the COVID-19 pandemic continues to drastically impact the aviation industry, SEA Milan has been forced to adapt in order to continue operation.
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Canada’s airports call for federal financial relief to survive COVID-19 crisis
The CAC urges the federal government to ensure the continued financial viability of Canada’s airports by providing short-term relief to address immediate cash flow challenges.
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ICAO Council emphasises importance of aviation during COVID-19 crisis
The ICAO Council has highlighted the importance of the aviation industry and air transport to the post-coronavirus crisis global economic recovery.
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COVID-19 relief package launched by Airport Authority Hong Kong
In order to support the aviation industry and the airport community, Airport Authority Hong Kong has introduced a HK$1 billion COVID-19 relief package.
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Urgent action is needed to protect aviation from COVID-19 impacts, says ICAO, IMO and UNWTO
ICAO, IMO and UNWTO have called for urgent actions to be made in order to support the aviation and tourism sectors during the COVID-19 crisis.
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CANSO makes call to action to ensure the stability of the ATM industry
In the wake of the COVID-19 pandemic, CANSO has called for immediate action to maintain the stability of the entire aviation system, particularly ANSPs.
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TIACA calls for recognition of air cargo industry during COVID-19 crisis
TIACA has called for the air cargo industry’s voice to be heard fully by regulators and governments across the globe in the wake of the COVID-19 pandemic.
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EBAA calls on EC to consider business aviation COVID-19 relief measures
The European Business Aviation Association has called on the European Commission to consider all COVID-19 relief measures to ensure business continuity.
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A fair global policy response to COVID-19 is imperative, says ACI World
In response to the drastic impact of COVID-19 on the aviation industry, ACI World has suggested five global policy measures to alleviate the shortfall.
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ACI emphasises need for industry collaboration to combat COVID-19
As the coronavirus outbreak continues to drastically affect the global aviation industry, ACI World has called for industry collaboration to combat the impact of COVID-19.
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