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Veovo launches a new next-generation revenue management platform
Unifying automation, predictive insight and charge flexibility to help airports accelerate time-to-revenue realisation and improve cash flow visibility.
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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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Stansted begins preparations for what is expected to be the busiest summer yet
London Stansted has begun preparations for summer 2019, by employing more staff and carrying refurbishments to ensure the terminal can cope with the increase in passengers.
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Brussels Airport’s February numbers severely impacted by national strike
With a slight decrease of 0.5 per cent due to strike action which made air travel impossible for 24 hours, Brussels Airport's numbers were not where they were expected to be from this time last year.
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New iGA pass will create an exclusive passenger experience
As nearly 40 per cent of an airport's revenue comes from non-aeronautical streams, Istanbul Airport has launched a new lounge service to ensure they get the very most out of this integral line of revenue.
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London Stansted welcomes Government decision on planning permission
Following the decision from Uttlesford District Council to allow the expansion of Stansted Airport, the Government have decided that the local government is the best body to grant permissions on the project.
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ICAO Secretary General highlights future capacity challenges for aviation
ICAO's Fang Liu has stated that the future of aviation depends on the actions we take now, to ensure the longevity of the industry, especially when it comes to both passenger and freight capacity.
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February figures show that UK air traffic growth continues
UK ANSP, NATS has released figures which show that February 2019 saw an increase of 2.8 per cent on air traffic in UK airspace from 2018, an additional 4,769 flights in a year.
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Munich Airport reports net profits of €150 million for 2018
At its annual press conference, Munich Airport reported increased net profits of €150 million in 2018, up on the figures from 2017.
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Airport showcase: Vienna Airport, more than just an airport
Vienna Airport is a tourism and business hot spot thanks to its central geographical location in the heart of Europe, proximity to Austria’s capital city of Vienna and outstanding service offering. At the same time, it is one of the country’s largest employers, with more than 22,000 people working in…
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ICAO state that investment in infrastructure is key to growth in Africa
ICAO have said that development in Africa is rooted in aviation infrastructure expansion and the connectivity that this growth can bring to the region.
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HKIA records steady increases in passenger throughput in February
Despite increases in passenger traffic, Hong Kong International Airport's cargo throughput has fallen 14.4 per cent year-on-year from 2017, due to unfavourable macroeconomic conditions.
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KLM to suspend all on-board tax-free sales
Changes to customer buying behaviour have meant that on-board duty free is no longer a viable option for KLM, as such, they are pulling the service from July 2019.
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Stobart Group named as new operator of Tees Valley Airport
Under its previous owner, Tees Valley Airport was losing nearly £2.5 million per year, but with new owner, the Stobart Group which has previously restored Southend Airport, and a £513 million investment fund it is hoped that Tees Valley will follow suit.
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UK signs post-Brexit air safety agreements with the U.S.
As details of the terms of the UK's exit from the EU still remain a mystery, the UK's CAA has put into place contingency plans ensuring trade between the UK and the U.S. remains as uninterrupted as possible following the UK's exit from the EU.
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Fraport reports continued positive trend in passenger traffic
Despite aircraft movements climbing 4.7 per cent, air cargo traffic fell by nearly 3.4 per cent for the same period last year for Frankfurt Airport according to Fraport.
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