Airport Operations in the US
The Airport Operations industry has experienced healthy growth over the five years to 2018 as improving economic conditions have fueled demand for airport services. Increased travel activity on the part of both domestic and international consumers has stimulated flight activity and generated revenue through passenger charges and aircraft support services, while rising per capita disposable income has enabled consumers to spend more on duty-free retail outlets, car rentals and other nonaeronautical industry services. The industry is expected to continue expanding over the coming years as demand for air travel continues on its upward trajectory. Higher traffic volumes will cause major airlines to operate more flights, while rising levels of disposable income will generate revenue for the industry's retail and hospitality services.
This industry includes businesses that operate international, national or civil airports or flying fields. The industry also includes operators that provide aircraft parking, air traffic control services, cargo handling services and other relevant products. Fuel wholesaling and airport janitorial services are excluded from this industry, while most aircraft repair and maintenance services are included in the Aircraft Maintenance, Repair and Overhaul industry (IBISWorld report 48819).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.