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FAA awards airports funding from Bipartisan Infrastructure Law
The Federal Aviation Administration has announced that they will award $2.89 billion, made available by the Bipartisan Infrastructure Law, to 3,075 airports across the U.S.
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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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In conversation with Luigi Battuello, Director Non-Aviation Business Development, SEA Milan Airports
International Airport Review Editor, Holly Miles, caught up with Luigi Battuello, Director Non-Aviation Business Development, SEA Milan Airports at the recent World Routes 2021 conference in Milan. Together they discussed SEA Milan's strategy around non-aviation revenues and encouraging passengers to spend more time in the retail outlets where they have…
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In conversation with Satyaki Raghunath, Chief Strategy & Development Officer of BLR Airport
Watch this exclusive video interview with Satyaki Raghunath, from Bangalore International Airport.
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Opening Riyadh to the world
At the recent World Routes conference in Milan, International Airport Review Editor, Holly Miles, caught up with Jacopo Tonucci, Aeronautical Business Development Director of Riyadh Airports Company. They discussed the effect of the pandemic on King Khalid International Airport and his views for the future of air connectivity in his…
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Incheon Airport to develop ‘Smart Racing Park’ by 2025
Incheon International Airport Corporation have signed an investment agreement with two other signatories to develop the ICT based innovative theme ‘Smart Racing Park’, at Incheon International Airport.
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In conversation with Luis Felipe de Oliveira at the 2021 World Routes Conference
Watch this short video interview with Luis Felipe de Oliveira, Director General of ACI World.
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How To Place Customers At The Heart of Your Airport
Emerging technologies now makes it easier to join the dots. Providing seamless experiences with everything, from booking a flight to buying coffee.
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Digital boardroom executive report: Airport recovery series
This executive report in our airport recovery series delves into airport priorities for the future; the main challenges they are facing; preparing for the restart of global air travel; digitalisation and future trends that airport leaders foresee emerging. Login or register to read the report for free.
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In conversation with David Wilson, COO of Oman Airports
In an exclusive video interview with David Wilson, International Airport Review’s Editor, Holly Miles, discusses COVID-19, operational excellence, challenges, airport technologies and their plans for future growth for the future.
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VINCI Airports: Sustainability, connectivity, and growth
As of November 2021, VINCI Airports operates 45 terminals worldwide. By the beginning of 2022, there will be 52, and 16 of them will be in Latin America and the Caribbean. The expertise and knowledge of the French company has led to major breakthroughs in each of the airports it…
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International Airport Review’s Person of the Year Award winner is announced!
Videh Kumar Jaipuriar, CEO of Delhi International Airport Limited, has been announced as International Airport Review’s Person of the Year. Jaipuriar is said to have shown exemplary leadership and have gone beyond the call of duty during the pandemic to navigate the crisis for a national capital airport.
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Fraport Group achieve significant revenue and net profit increases
The Fraport Group has attained a significant increase in revenue and net profit during both the first nine months (ended 30 September 2021) of the 2021 business year.
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EU travel will not attain pre-COVID-19 pandemic levels until 2024
With high vaccination rates in Europe, the European travel demand is prepared for a significant recovery however, volumes are not due to surpass pre-COVID-19 pandemic levels until 2024.
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GTAA issues notification regarding COVID-19 impact on aeronautical rates
As a result of the COVID-19 pandemic, air travel at Toronto Pearson Airport has decreased, which consequently has seen a downturn in the Greater Toronto Airports Authority's aeronautical revenues.
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ACI urges more governments to relax borders and quarantine requirements
Airports Council International has requested for more governments to reopen borders and relax quarantine requirements, to prevent repeat of a dismal year for Asia-Pacific and Middle East airports.
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