The latest edition of the Airports Council International (ACI) Airport Economics Report confirms that the financial health of the airport industry has remained intact despite the persistence of economic woes and geopolitical risks across global markets. Revenues, costs and the resultant financial performance reflects a degree of stability over a number of years.
Airports’ financials for the year 2015 were in line with growth observed in traffic volumes for the same period. While revenues and costs grew 6% and 4.3% respectively, on a per-workload-unit basis, this growth was at 0.1% and -1.7%. This testifies to the commitment of the airport industry to pursue efficient operations and sustainable infrastructure development to accommodate traffic growth. Navigating the challenge of satisfying multiple stakeholders with diverse priorities, the airport industry creates value for users and generates fair returns for investors—6.4% return on invested capital for 2015.
ACI Airport Economics Report provides a wide variety of indicators on economics and financial performance of the world’s airports and is essential reading for airport managers, analysts, investors and other aviation stakeholders. As in previous years, the report consists of summaries of and commentary on industry revenues (aeronautical and non-aeronautical) by source, cost (operating and capital), and evolution over time. In addition, the publication has statistical annexes of all key performance indicators.
“Airports are complex businesses that operate in specific physical, cultural, socio-economic and regulatory environments,” said Angela Gittens, Director General, ACI World. “They are an integral part of the dynamic air transport system and their economic sustainability requires evidence-based decision-making. ACI monitors the economic aspects of this dynamic industry that contribute to their sustainability. The ACI Airport Economics Report continues to be the international reference document for a thorough understanding of the financial health of the airport industry.”