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Revenues

 

Airport RevenuesIn 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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Aviation’s Post-Crisis Recovery Series: London Luton Airport

9 April 2021 | By

The coronavirus pandemic has afforded many airports the opportunity to expand their work within their local community. For International Airport Review’s exclusive series, the CEO of London Luton Airport (LTN), Alberto Martin, highlights LTN’s efforts in this field, and his hopes that this will continue, even as the airport looks…

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What’s next with NEXTT – now and in the future?

29 March 2021 | By NEXTT Vision (IATA & ACI)

As a joint initiative of ACI and IATA, NEXTT (New Experience Travel Technologies) creates a shared vision for the future of travel. In our previous webinars, we reconfirmed the validity of the concepts under NEXTT in a Covid and post-pandemic environment and learned from our industry experts how they turned the concepts into…