External factors and their impact on non-aeronautical revenue
François Martel
Journal of Airport Management, 2009, vol. 3, issue 4, 337-344
Abstract:
In recent years, non-aeronautical revenue has played an increasing role in airports’ total revenue. To predict the impact that external factors may have on airport revenue, it is essential to understand how non-aeronautical revenue is generated. To help the reader understand these mechanics, this paper examines the main factors underlying the generation of non-aeronautical revenue at airports. Two significant external factors — the current credit crisis and worldwide economic recession, and the recent fluctuations in the price of oil — are then analysed with respect to their potential impact on airlines, passenger volumes and the generation of non-aeronautical revenue for airports. The paper concludes that these external factors do affect airports’ non-aeronautical revenue and that, to a certain extent, airports can take action to mitigate this impact.
Keywords: airports; non-aeronautical revenue; passengers; spend per enplaning passenger; oil costs; concessions (search for similar items in EconPapers)
JEL-codes: M1 M10 R4 R40 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jam000:y:2009:v:3:i:4:p:337-344
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