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LCY Airport CEO stresses importance of business air travel recovery
Robert Sinclair has emphasised the importance of business air travel to the economic recovery prospects of the UK after the COVID-19 pandemic.
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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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ACI World calls for end to discriminatory taxation for aviation
With an imbalance between the current tax burden and the foregone global GDP impacts, ACI World has outlined potential remedies to support aviation.
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Airport Improvement Fees to increase at Halifax Stanfield Airport in 2021
As the result of drastic falls in revenue due to the COVID-19 pandemic, Halifax Stanfield Airport has been forced to increase its Airport Improvement Fees by $7 per originating passenger.
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UK government launches taskforce to support travel industry’s recovery
The UK government's Global Travel Taskforce will work to develop an operationalised approach for testing international arrivals.
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Calls made for UK government to reverse decision to end airport tax free sales
ACI World, DFWC and TFWA have highlighted the importance of airport tax free sales in ensuring the airport industry's economic recovery from COVID-19.
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Aviation bodies intensify calls for testing to replace quarantine in Europe
After urging the European Commission to implement COVID-19 testing in September, three aviation bodies have intensified the calls for replacing quarantine requirements prior to the holiday season in order to support the recovery of the industry.
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Gatwick Airport to begin charging for use of forecourt in 2021
In order to support its recovery from COVID-19 and reduce 'Kiss and Fly' journeys, Gatwick Airport will introduce a £5 charge in 2021 for vehicles using the forecourt to drop off and pick up passengers.
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IATA downgrades 2020 traffic forecast following poor summer season
As the result of a poorer than expected summer season for passenger traffic, IATA has downgraded its traffic forecast for 2020 by an additional three per cent.
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ACI Policy Brief highlights crucial role of duty free and travel retail
The document, which discusses the economic recovery of the aviation industry, draws attention to the importance of airport duty-free.
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IATA calls on Canadian government to adopt testing initiatives
With COVID-19 quarantine measures severely halting the recovery of the Canadian aviation industry, IATA has called for the government to consider testing instead.
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Malaysia Airports launches e-commerce platform, shopMYairports
By introducing the new online service, Malaysia Airports is working to support its retail partners as they face challenges arising from COVID-19.
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ACI analysis outlines predicted extent of COVID-19 impact on airport industry
Analysis undertaken by ACI has found that the impact of COVID-19 could reach an unprecedented $104.5 billion reduction in revenue for 2020.
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ACI data outlines slower than expected COVID-19 recovery in June 2020
Despite early predictions outlining June 2020 as the turning point for aviation in recovering from COVID-19, passenger demand remains drastically low.
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Gatwick Airport to undertake significant business restructure
As a result of the severe impact of COVID-19 on the airport, Gatwick Airport will undertake a major business restructure, putting roughly 600 jobs at risk.
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International Airport Review Issue 4 2020
This issue covers how COVID-19 is set to change the aviation ecosystem for the foreseeable, alongside surface access, new appointments and the One ID project.
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