ECONOMICS & FINANCE
Christchurch Airport today released its half-year financial results which deliver a higher interim dividend to the New Zealand city than forecast, from a total operating revenue of NZ$115.5 million for the six months to December 31, 2023. Chair of Christchurch International Airport Limited (CIAL), Sarah Ottrey, says strong visitor numbers, coupled with the strength of […]
London’s Heathrow Airport enjoyed the third busiest year in its history, and made a profit for the first time since 2019 last year as it continued its recovery from the global pandemic. A total of 79.2 million passengers passed through its facilities in 2023, nearly 30% more than the previous year. It claims that it […]
The latest Airport Industry Outlook, released by ACI Asia-Pacific & Middle East (ACI APAC & MID), presents a positive trend in the recovery of passenger traffic and airport finances. However, macroeconomic factors continue to pose challenges to the overall recovery of the sector. The Airport Industry Outlook, developed in partnership with Mott MacDonald, reveals the […]
TAV Airports’ full-year financial and operational results for 2023 show that it handled 96 million passengers (+22%) across its gateways last year and saw its revenues soar by 25% to €1.3 billion. Forecasting 100 to 110 million passengers in 2024, the company revised its 2022-2025 compound growth expectations upwards. TAV Airports CEO, Serkan Kaptan, stated: […]
Vantage Airport Group has reached agreement to acquire an additional ownership interest in LaGuardia Gateway Partners (LGP) from Skanska, which is divesting its 32% ownership in the consortium. Vantage will acquire approximately 16% of Skanska’s interest for $57 million. The transaction is conditional on regulatory approvals and customary terms and conditions. LGP is the private […]
Greenville-Spartanburg International Airport generates nearly 20,000 jobs and contributes $4 billion in annual economic output to the Upstate South Carolina region, according to the facility’s latest economic impact study. The study found that GSP’s $4 billion total economic impact is 40% greater than the $2.9 billion impact in 2018 and eleven times greater than the […]
The Shannon Airport Group contributes almost €4 billion (€3.96bn) to Ireland’s GDP and supports over 20,300 jobs, according to a new report. Published today, the report independently produced by economic advisory firm Oxford Economics, highlights the significant positive impact of The Shannon Airport Group to the Irish and Mid-West economy in 2022. It also considers […]
Hong Kong International Airport (HKIA) operator, Airport Authority Hong Kong (AAHK), has signed an agreement with the Dongguan Port Group to establish a joint venture to develop HKIA Dongguan Logistics Park in Mainland China. The new facility will handle sea-air cargo transhipments being transported between Hong Kong and Dongguan. When completed, cargo security screening, palletisation […]
The San Diego County Regional Airport Authority has completed a major bond financing totalling $1.062 billion. The combination of the bond sales in 2021 and 2023 have provided $2.35 billion towards the projected $3.4 billion cost of San Diego International Airport’s Terminal 1 project, whose first phase is set to open in late summer 2025. […]
Dallas/Fort Worth International Airport (DFW) contributes an estimated $38 billion in direct and indirect payroll support, $24 billion in visitor spending and about $5 billion in state and local tax revenue each year, according to the results of an updated economic impact study. The study also reveals that the Texas gateway also supports more than […]
It has been announced that Porter Airlines and Nieuport have “amicably resolved their outstanding disputes and litigation” relating to terminal fees at Billy Bishop Toronto City Airport. In autumn 2022, the owner of the Billy Bishop Toronto City Airport (BBTCA) passenger terminal, Nieuport Aviation Infrastructure Partners GP, obtained judgment against Porter Airlines Inc relating to […]
London Gatwick’s interim financial results for the first half of 2023 show that it enjoyed a “strong” six months, despite what it called a “challenging operational environment”. The airport’s revenue increased in the first half of 2023, compared to 2022, and it achieved an improved EBITDA and increased net profit in the half year ending […]
