Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (March 22): Global airport revenues were largely unfettered in the face of the economic uncertainties and downside risks that have persisted across the world’s markets, according to the Airports Council International’s (ACI) Airport Key Performance Indicators for the 2015 financial year.

The report released yesterday said the overall health of the airport industry remained intact as revenues grew in line with the robust growth rates in global air transport demand.

It said industry revenues as a whole grew 6% year-on-year, reaching almost US$152 billion.

The ACI said airports receive their revenue from two primary sources: aeronautical and non-aeronautical activities.

It said the major share of revenue remains aeronautical, representing 56% of the total in 2015, while non-aeronautical revenue continues to be an important source of income for airports.

“The latter not only provides diversification in an airport’s income portfolio, but also helps cover the costs of running an airport. Non-aeronautical and non-operating revenues make up 39.8% and 4.2% respectively.

“A majority of airports across the globe have put the emphasis on generating a higher proportion of revenues by charging passengers as opposed to aircraft operators.

“After adjusting for inflation, the greatest increase in aeronautical revenues came from passenger charges which increased 8.6% year-over-year, in tandem with the surge in passenger traffic in 2015,” it said.

ACI said revenues from landing charges on the other hand, experienced a more modest gain of 3.4%.

It said on the aeronautical side of the business, 56% of every dollar was generated from passenger-related charges as compared to other aeronautical sources of income such as aircraft-related revenues.

      Print
      Text Size
      Share