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Middle Eastern flyers lead Heathrow boom as it marks a record-breaking year
London Heathrow has announced its biggest October ever, the 12th consecutive record-breaking month for Europe's biggest airport.
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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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Tiny Danish islands’ airport sees 17 per cent passenger growth in one year
The latest figures show more than 300,000 passengers travelled to the Faroe Islands' airport between January and October.
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French and Bahrain consortium enter negotiations to buy Jordanian airport
A consortium headed by Groupe ADP, the operators of Paris' Charles de Gaulle Airport, has opened discussions to acquire Airport International Group (AIG), it has been confirmed.
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Business park next to airport to boost Mexico-American business
Mexican customs officials may soon be based on a 350-acre business park alongside Phoenix-Mesa Gateway Airport, turning the Arizonan airport into a hub for American exporters.
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Lufthansa expanding Glasgow services to Germany
Lufthansa will now offer flights to Munich four times a week for winter and five times a week next summer and a new daily flight to Frankfurt next summer.
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World’s biggest airport to hold job fair featuring more than 1,000 roles
Hartsfield-Jackson International will bring airport employers together with job seekers at the Georgia International Convention Center in Atlanta.
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The future of airport retail
26 October 2017 | By IATA Consulting
Last year, global non-aeronautical revenues for airports reached US$60bn; representing 40% of global airport revenues. Although these are significant amounts, the full non-aviation business potential is often not realised at airports.
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Lufthansa Group make offer to buy troubled Italian airline
A season of widespread upheaval across the European airline sector has caused potential buyers of Italy's troubled Alitalia to hesitate, according to the nation's economic development ministry.
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London Luton Airport sees 42nd month of growth
Almost 1.5 million passengers flew through London Luton Airport (LLA) in September, representing a 6 per cent rise compared with the same month last year.
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Retailers wanted to fill space in airport’s £1bn transformation
Manchester Airport has unveiled a marketing campaign to attract new retailers and F&B outlets as part of its £1bn transformation programme.
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Lufthansa announces partnership with blockchain startup
Lufthansa is joining forces with Winding Tree – a blockchain-based platform boasting intent to cut costs for flyers and increase profits for providers.
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Inaugural International Airport Review Awards shortlist announced
After a long selection process, we finally have the 27 contenders who have gone above and beyond in their respective fields.
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World’s emptiest airport piques the interest of Indian investors
Built to alleviate pressure from Sri Lanka's Bandranaike International, Rajapaksa Mattala Airport became a black hole for state money. Now, it seems, an Indian company may be willing to take it off their hands - the latest move in a tug-o-war between India and China over the nation's affections.
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Scottish tax reduction scheme hits turbulence as state-owned airport subsidies need EU sign off
The Scottish Finance Secretary has conceded that the plans to replace Air Passenger Duty (APD) with Air Departure Tax (ADT) may take longer than planned.
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Global demand for for air freight continues to grow
For the fifth time in six months, the global air freight market grew by double-digit figures.
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