ECONOMICS & FINANCE
Copenhagen Airports (CPH), arguably one of the world’s best run airport operators, today revealed that its COVID-19 survival plan includes potentially making a quarter of its staff redundant. CPH notes that to “secure its long-term competitive strength”, it will align its organisation to the lower level of activity which the aviation industry is currently experiencing […]
The NZ Airports Association (NZ Airports) has welcomed the government’s announcement that the Chatham Islands will receive NZ$40m in COVID-19 recovery funding, the great majority of which will go to upgrading the runway at Tuuta Airport, allowing larger aircraft to land. The association’s chief executive, Kevin Ward, said the investment will be a real and […]
The Port Authority of New York and New Jersey has agreed to extend its deal with Kennedy International Airport Cogeneration (KIAC) Partners to operate, maintain and upgrade the on-airport heating and cooling facility serving the Central Terminal Area at New York JFK. “The Port Authority is thrilled to continue our partnership with KIAC to bring […]
Sofia Airport will shortly be under new management after the SOF Connect consortium signed the concessionaire agreement for the gateway with the Bulgarian Ministry of Transport. Yesterday’s signing ceremony means that the project has now entered a new phase and SOF Connect partners Meridiam, Strabag and Munich Airport say that they are “looking forward to […]
The Association of Asia Pacific Airlines (AAPA) is urging governments to ease what it claims are “unduly onerous restrictions on international air travel” to re-establish global connectivity with evidence-based measures to safeguard public health. More than six months into the COVID-19 pandemic, the Asia Pacific air transport industry notes that it is taking initial steps […]
The Association of Asia Pacific Airlines (AAPA) is urging governments to ease what it claims are “unduly onerous restrictions on international air travel” to re-establish global connectivity with evidence-based measures to safeguard public health. More than six months into the COVID-19 pandemic, the Asia Pacific air transport industry notes that it is taking initial steps […]
ACI World’s World Airport Traffic Report Dataset covering passenger traffic, cargo volumes, and aircraft movements for 2019 provides a timely reminder of why the world needs a healthy aviation industry. In 2019, the world’s airports accommodated 9.1 billion passengers, 120 million metric tonnes of cargo and more than 102 million aircraft movements while the industry […]
The development of airport cities can help future-proof airports post COVID-19, according to a white paper issued today by consultants, NACO. The white paper reports that, with almost 90% of airports revenues being passenger-related, there is a clear need for airports to diversify their revenue streams in order to reduce both revenue volatility and the […]
S&P Global Ratings today lowered the ratings on four European airports/associated companies (and a further two CreditWatch revisions) as the rating agency anticipates a slower recovery in passenger traffic than first anticipated. The four downgrades are: • Royal Schiphol Group NV (Schiphol). Ratings to ‘A’ from ‘A+’ • Flughafen Zurich AG. Ratings to ‘A’ from […]
Lufthansa Consulting’s Catrin Drawer and Andreas Jahnke consider what the impact of COVID-19 is likely to be on the investment appeal of airports across the globe. Does COVID-19 mean that airports have finally lost their mantra of being a safe, long-term investment opportunity for investors? The short answer is ‘no’, because airport investments have never […]
Edmonton International Airport’s Airport City continues to grow with the news that manufacturing company, Plant Plus, will shortly become its newest tenant. The company specialises in making plant fibre polymer tech (PFP tech) products such as cups, straws and mobile phone cases that are recyclable and compostable alternatives to plastic or paper. According to Edmonton […]
New Chitose Airport operator, Hokkaido Airports Co Ltd (HAP) has launched a social media marketing campaign in a bid to re-boot tourism to the Japanese island. Launched in conjunction with the Hokkaido government and the Hokkaido Tourism Organization, its HOKKAIDO LOVE! initiative is designed to encourage tourists to return to Japan’s northern most island, which […]
