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UK airports are set to lose £4 billion in 2020
COVID-19 has brought international aviation to a near-standstill, in the worst drop-off in traffic levels the industry has ever witnessed.
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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 Europe revises traffic recovery projection to 2024
With only marginal traffic increases reported in June, a full recovery in passenger traffic to 2019 levels is now expected for 2024.
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GOAA presents COVID-19 and construction updates at Orlando
The Greater Orlando Aviation Authority (GOAA) Board has reviewed several issues affecting operations at Orlando International Airport.
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UK airports require urgent business rates relief following traffic collapse
The AOA requests a year-long relief from business rates for all airports in England and Wales, to come into effect as soon as practical.
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Director of Airports at Salt Lake City says we need each other to be successful
Bill Wyatt, Director of Airports, believes that in the future, airport hubs will become even more important than they have been before.
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ACI partners with Bahrain Airport Company for virtual training programme
Bahrain Airport Company and ACI World partnered to develop the online course in order to continue training amidst the COVID-19 pandemic.
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AAA highlights the need for aviation to be post-COVID-19 recovery priority
As the pandemic continues to drastically impact aviation, the AAA has emphasised the need for the industry to be a priority in post-COVID-19 economic recovery.
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Dealing with COVID-19 at Kempegowda International Airport
Satyaki Raghunath, Chief Strategy and Development Officer at Bangalore International Airport Limited, discusses how Kempegowda Airport responded to the unprecedented impact of the COVID-19 pandemic and how it is preparing for the full resumption of operations.
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ACI North America calls for additional aviation support from U.S. Congress
In addition to calling for $13 billion in financial support, ACI-NA has made several aviation policy recommendations to the U.S. Congress.
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Data-driven approach vital for post-COVID-19 aviation, says ACI Europe
ACI Europe has outlined that calls for the extension of the 80-20 airport slot waiver should only be considered following a data-driven and evidence-based approach.
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Calls made for global aviation guidance to be implemented in the Middle East
ICAO, IATA and ACI Asia-Pacific are urging Middle Eastern governments to implement global guidance in order to ensure the safe restart of the region's aviation industry.
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Financial relief and evidence-based policies needed for airport recovery
ACI World has called for urgent financial assistance from governments in supporting the recovery of airports and the aviation industry.
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CEO of Tirana Airport recognises the need to act fast and be bold
In the latest instalment of International Airport Review's exclusive CEO series, Dr. Constantin von Alvensleben, Chief Executive Officer of Tirana International Airport, offers a positive perspective on the current crisis with a strong belief that aviation can recover and prosper.
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Veovo wins Swedavia tender to provide automated revenue management across all airports
Veovo will implement its revenue management system across all of Swedavia's airport network, such as Stockholm Arlanda Airport.
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