Global Airport Operation
The Global Airport Operation industry has reached its cruising altitude. Over the five years to 2019, rising levels of airline passenger traffic have enabled airports to earn significant revenue through passenger charges and services provided directly to airlines. Improving economic conditions have increased corporate profit and fueled global manufacturing activity, causing airlines to operate more flights to transport greater quantities of cargo. Airports are highly sensitive to changes in global travel activity. When consumers are unwilling or unable to travel via airplanes, industry operators experience weakened demand for aircraft maintenance, fueling and other aircraft-related services. Additionally, airports rely on passengers to shop in retail stores, eat at restaurants and purchase other amenities while waiting for their flights. Over the five years to 2024, the industry is expected to continue expanding as demand for air travel continues on its upward trajectory.
The Global Airport Operation industry includes businesses that operate international, national or civil airports or public flying fields. It also includes operators that support airports, except special food services contractors, offering aircraft refueling, aircraft parking, hangar space rental, air traffic control services, baggage handling services, cargo handling services and other services. A fixed-base operator commonly provides these services.
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.
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