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UK airports may be forced to shut down within weeks due to COVID-19
The CEO of AOA has warned that UK airports may be forced to shut down within weeks due to COVID-19 if the UK government doesn't provide immediate support.
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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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AAA highlights unprecedented hit experienced following COVID-19
Following the COVID-19 outbreak, Australian Airports Association's CEO has highlighted the impact suffered, and what needs to be done.
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ACI Europe and IATA welcome EC suspension of airport slot rules
Following the European Commission's decision to temporarily waive airport slot rules until 30 June 2020, ACI Europe and IATA have hailed the announcement.
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ACI World publishes global economic COVID-19 impact estimates
ACI World estimates a loss of revenues of at least $4.3 billion following the COVID-19 outbreak, with the Asia-Pacific region and Europe suffering most.
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COVID-19: Latest news and analysis
We’ve pulled together the latest news, guidelines, regulations and opinions from the industry’s experts, to ensure you have all the necessary information to stay safe during these unprecedented times, and to safeguard your airport for the future.
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EC proposes measures to limit COVID-19 impact on aviation industry
By temporarily suspending airport slot regulations, the European Commission hopes to alleviate the pressure on airports and airlines amidst the COVID-19 crisis.
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COVID-19 is a crisis of unprecedented proportions, says ACI Europe
The Director General of ACI Europe has highlighted the increasingly drastic impact that the COVID-19 outbreak is having on airports throughout the region.
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ACI Asia-Pacific warns of COVID-19 impact on region’s airports
Despite forecasts predicting $12.4 billion in revenue for Q1 in the Asia-Pacific region, the outbreak of COVID-19 is expected to cause a loss of $3 billion.
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UK regional airports at risk of closure following Flybe collapse, says GMB Union
Following the collapse of UK-based airline, Flybe, the GMB Union has warned that eight regional airports across the UK are now at risk of closure.
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IATA publishes updated analysis of coronavirus impact on aviation industry
Following original analysis published in February 2020, IATA has released updated figures suggesting an economic impact between $63 and $113 billion in revenue losses.
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ADEPT calls for UK aviation environmental and economic strategy
ADEPT has called for the development of a national strategy to address both climate change and the economy within the UK aviation sector.
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Airport slot rules should be suspended due to coronavirus, says IATA
As airlines experience a drastic decline in demand due to the coronavirus crisis, IATA calls for airport slot requirements to be temporarily waived.
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Oman Ministry of Transport announces 2030 aviation strategy
The strategy considers the Oman aviation industry's relationships with other sectors and will work to strengthen the economy by making notable improvements.
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How Budapest Airport shaped its commercial operations
Kam Jandu, Chief Commercial Officer at Budapest Airport, evaluates the commercial decisions that have occurred at the airport, regarding passenger experience and revenues.
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Groupe ADP acquires 49 per cent stake in GMR Airports
The financial operation includes a strategic industrial partnership with GMR regarding business development in aviation, retail, IT, hospitality, innovation and engineering.
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