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ACI report depicts a global aviation industry on the up – but there are challenges ahead
Recovery from the 2008 crash continues while once-underinvested markets begin to emerge making this a good time to be involved in aviation.
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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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Munich Airport announces record financial result for 2017
A good year for aviation has meant a good year for Munich Airport as the Bavarian hub posts annual revenues of around €1.5 billion.
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Five key takeaways from ACI Europe’s Commercial and Retail Conference
As operating costs continue to climb, airports are increasingly focusing on retail revenue to help pay the bills. At a conference in Tel Aviv March 14-15 put on by ACI Europe, presenters spoke of the fierce competition for the traveller’s dollar. But they also highlighted ways in which airports could…
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London Heathrow to auction off memorabilia and equipment from defunct Terminal 1
Forty six years of history will be up for grabs in an auction of the contents of Heathrow Terminal 1 nearly three years after it closed to allow for the expansion of Terminal 2.
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Long haul duty rise a “tax grab” to swell Treasury coffers, says Airlines UK
UK Air Passenger Duty (APP) is set to increase on long haul flights on April 1, cementing the UK's position as by far the highest charger of this kind of tax in Europe.
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Longest UK non-stop route open for business with landing of London-Perth jet
After 17 hours in the air, nearly 90 minutes less than the world's longest, the inaugural non-stop flight from Perth to Heathrow and back has touched down.
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Endless opportunities – virtual reality for passenger experience
In this article, Nikolas Jaeger, CEO and founder of Inflight VR, talks about the potential of virtual reality (VR) to transform passenger experience. Mr Jaeger will be speaking about VR and AR in customer experience at IATA's upcoming Aviation Virtual & Augmented Reality Summit.
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Edinburgh Airport flies further than ever with new Beijing route announcement
The UK's second most popular destination for Chinese tourists may soon see a surge as a new route opens between Beijing and Edinburgh.
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Gatwick marks five years of consecutive month-on-month growth
Three million passengers travelled through Gatwick in February, with long haul routes driving a 37.2 per cent cargo increase
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More retailers open at London Luton as passenger numbers climb
As part of its multi-million redevelopment programme, more retailers have set up shop at the UK's fifth biggest airport.
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Airfare data and your airport – a Q&A with Infare’s Harald Eisenaecher
Ahead of its webinar on the value of airfare big data to airports on Wednesday March 14, we caught up with Infare's new Chief Commercial Officer Harald Eisenaecher to hear his thoughts about the dynamic role big data plays in the aviation sector and what potential it holds.
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Fraport USA to manage retail in JFK terminal
Fraport USA has added JFK's Terminal 5 to its list of retail concerns, a list which includes Baltimore/Washington International Thurgood Marshall Airport, Cleveland Hopkins International Airport and Pittsburgh International Airport.
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Air industry sees biggest growth rate since Great Recession recovery
Passenger traffic reached a record-breaking growth of 8.5 per cent year-over-year in Europe, in spite of political and economic uncertainty in one of the world's biggest aviation markets.
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Aeroports de Paris buys nearly half Turkish airport’s operator
A day after TAV Airports swooped in on Antalya International by purchasing 49 per cent of one of its owners shares, Groupe ADP has joined in.
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Passengers and partnerships: the keys to growing non-aeronautical revenue
A focus on the passenger and cultivating mutually beneficial relationships with concessionaires has seen non-aeronautical revenue grow to 30 per cent of total revenue at Toronto Pearson. For International Airport Review, Mike Ross, Director of Commercial Development at Greater Toronto Airports Authority (GTAA) explains that continued innovation in this space…
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