Exclusive extracts from this 68-page-long report:
- Who are the key players?
In their role as managers of passenger and merchandise flows at airports and as the interface between airlines and travellers, airport operators have the following roles:
- Designing, developing and overseeing the construction of airport infrastructure (concourses and runways, check-in counters, boarding areas, and baggage carousels) and related transport connections;
- Providing key services such as telecommunications, power, utilities and waste treatment; [...]
Groups analysed in this report include: AENA, Aéroports de Paris, Heathrow Airport Holdings, Fraport, Hong Kong International Airport, Japan Airport Terminal Co., Royal Schiphol Group, Los Angeles World Airports, Beijing Capital Airport Co., and Hartsfield-Jackson Atlanta International Airport.
- What are the players' strategies?
With global air passenger traffic growing at sustained rates, some of the world's largest airports by passenger traffic such as Heathrow or Hong Kong International have been mostly focusing on securing regulatory approval for the development of new runways and terminals as part of their capacity expansion programme. Other major airport groups such as Aena, ADP or Germany's Fraport meanwhile aim to diversify their revenues by growing their international asset portfolio, whereas JAT Co. or Schiphol Group see major opportunities in developing more and better services to cater to travellers' needs and promote tourist spending within their facilities. […]
- What are the players' key growth and profitability drivers?
Higher air traffic combined with moderate increases in airport charges as well as growing duty free and other non-aeronautical revenues were among airport companies' main revenue drivers. For instance, Hartsfield-Jackson Atlanta International Airport's net sales rose by nearly 5% during FY2016-2017 alone, largely driven by higher rents, a newly implemented advertising deal, and the opening of new retail spaces. [...]