Exclusive extracts from this 67-page-long report:
- Who are the key players?
The past decades have seen airports evolve considerably: they are no longer mere infrastructure providers but business hubs. As managers of passenger and merchandise flows at airports and as the interface between airlines and travelers, airport operators have the following roles:
- they design, develop and oversee the construction of airport infrastructure (concourses and runways, check-in counters, boarding areas, and baggage carousels) and related transport connections; […]
Groups analysed in this report include: Groupe ADP, Aena, Fraport, Heathrow Airport, Hong Kong International Airport, Japan Airport Terminal, Los Angeles World Airports, Royal Schipol Group, Shanghai International and Hartsfield-Jackson Atlanta.
- What are the players' strategies?
Fraport has greatly expanded its turnover from the ownership and management of international airports, which now account for over a third of consolidated net sales. Among its most recent deals are the awards of a 40-year concession to manage 14 regional airports in Greece, and since Jan. 2018, of the Fortaleza and Porto Alegre airports in Brazil.
- What are the players' key growth and profitability drivers?
As a main gateway to China, Shanghai International's Pudong airport has benefitted from mounting passenger volumes, with revenue rising at double-digit pace, annually, since 2016. Commercial revenue was the fastest growing revenue stream (+42.8% yoy in 2017 and +33.2% yoy in 2018).