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ACI Airport Economics Survey

2011

DECEMBER 2011 ACI World | PO Box 302 | 800 Rue du Square Victoria Montreal, Quebec H4Z 1G8 | Canada aci@aci.aero | www.aci.aero | Tel: 514 373 1200 | Fax: 514 373 1201


ACI Airport Economics Survey 2011 Š Airports Council International ISBN: 978-2-88909-041-9

DISCLAIMER The information contained in this publication has been compiled based on information submitted to the Airports Council International (ACI) and may not be used for resale or distribution without the express consent of ACI. ACI declines responsibility for contributions provided by third parties for inclusion in this document. No purchaser of the publication or other reader should act on the basis of any such information without referring to applicable laws and regulations and / or without taking appropriate professional advice. Although every effort has been made to ensure accuracy, ACI shall not be held responsible for loss or damage caused by errors, omission, misprints or misinterpretation of the contents hereof.


Contents ACI AIRPORT ECONOMICS SURVEY 2011 5 Introduction – methodology and sample 5 Questionnaire components 5 Business context 5 Airport income 6 Aeronautical revenue 7 Non-aeronautical revenues 8 Operating expenses 10 Capital expenditure 11 Cost of capital 12 Debt 12 Outlook 12 Global Airport Investment Privitisation and Market Sentiment in 2012 David Bentley

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MAJOR NEW AND RECENT AIRPORT PROJECTS

19 Africa 19 Asia-Pacific 19 Europe 21 Latin America 22 Middle East 23 North America 24 Major projects completed 26 WHO OWNS AND MANAGES PRIVATIZED AIRPORTS?

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Quoted Airports 86 Index of who owns and manages privatized airports 87

List of Tables Table 1: Survey sample distribution 5 Table 2: Industry revenue (millions USD) 7 Table 3: Aeronautical revenues by source 7 Table 4: Non-aeronautical revenue by source 9 Table 5: Operating cost structure 11 Table 6: Capital expenditure by region 11 Table 7: 2010 CAPEX by airport size 12

List of Figures Figure 1: Evolution of airport traffic worldwide 2010 6 Figure 2: 2010 Airport industry revenue breakdown 10


ACI Airport Economics Survey

2011

www.aci.aero/datacentre December 2011 ACI World | PO Box 302, 800 Rue du Square Victoria | Montreal, Quebec | H4Z 1G8 | Canada aci@aci.aero | www.aci.aero


ACI Airport Economics Survey 2011