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Architect firm appointed in Hong Kong International’s SkyCity project
The complex is expected to cost $2.5 billion and will feature retail, dining and entertainment facilities.
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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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UK Aviation Minister celebrates success of Highlands’ airport
A series of new routes opening up from Inverness Airport this summer have been hailed as an economic boost for the Highlands region.
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Swedavia finds tenant to operate new airport office block
The SkyCity Office One complex at Stockholm Arlanda Airport is 15,000 square metres in size, ten storeys high and located immediately adjacent to the Stockholm Arlanda Airport international Terminal 5 and domestic Terminal 4.
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Auckland Airport announce $100,000 grant to support New Zealand’s tourism
For the sixth year in a row, Auckland Airport is offering a grant for businesses who can deliver a boost to New Zealand's critical tourism industry.
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Study contradicts airlines’ claims that airport charges drive up fares
The study found that ticket prices on monopoly airline routes are consistently more expensive than those on routes served by two or more competing airlines.
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Global passenger demand shot up by nearly 10 per cent in March
The head of IATA has called the figures a sign of "healthy momentum" as the Northern Hemisphere heads into summer and its busiest period.
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Canadian airports have a $48 billion ‘economic footprint’
The study follows similar ones conducted in 2010 and 2013 and categorises the impact airports have from direct to catalytic.
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Gatwick Airport announces 1,200 vacancies from retail to ground handling
Many of the vacancies will be filled by workers from the surrounding counties, cementing Gatwick's position as an important local employer.
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Study shows fliers still react to advertisements they see in airports
If there was doubt about the value of outdoor advertising in the digital age still holding water, a new study may put it to bed after showing that 80 per cent of fliers take notice of the media they see passing through airports.
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ACI report depicts a global aviation industry on the up – but there are challenges ahead
Recovery from the 2008 crash continues while once-underinvested markets begin to emerge making this a good time to be involved in aviation.
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Munich Airport announces record financial result for 2017
A good year for aviation has meant a good year for Munich Airport as the Bavarian hub posts annual revenues of around €1.5 billion.
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Five key takeaways from ACI Europe’s Commercial and Retail Conference
As operating costs continue to climb, airports are increasingly focusing on retail revenue to help pay the bills. At a conference in Tel Aviv March 14-15 put on by ACI Europe, presenters spoke of the fierce competition for the traveller’s dollar. But they also highlighted ways in which airports could…
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London Heathrow to auction off memorabilia and equipment from defunct Terminal 1
Forty six years of history will be up for grabs in an auction of the contents of Heathrow Terminal 1 nearly three years after it closed to allow for the expansion of Terminal 2.
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Long haul duty rise a “tax grab” to swell Treasury coffers, says Airlines UK
UK Air Passenger Duty (APP) is set to increase on long haul flights on April 1, cementing the UK's position as by far the highest charger of this kind of tax in Europe.
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Longest UK non-stop route open for business with landing of London-Perth jet
After 17 hours in the air, nearly 90 minutes less than the world's longest, the inaugural non-stop flight from Perth to Heathrow and back has touched down.
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