Foundations of Airport Economics and Finance analyzes the impact key economic indicators play on an airport’s financial performance. As rapidly changing dynamics, including liberalization, commercialization and globalization are changing the nature of airports worldwide, this book presents the significant challenges facing current and future airports. Airports are evolving from quasi-monopolies to commercial companies operating in a global environment, with ever-increasing passenger and cargo volumes and escalating security costs that put a greater strain on airport systems. This book highlights the critical changes that airports are experiencing, providing a basic understanding of both the economic and financial aspects of the air transport industry.
1. Cover image - p. Cover 2. Title page - p. iii 3. Table of Contents - p. iii 4. Copyright - p. iv 5. List of figures - p. xi 6. List of tables - p. xv 7. List of features - p. xix 8. Preface - p. xxi 9. Acknowledgments - p. xxv 10. Abbreviations - p. xxvii 11. Part I: General Characteristics of the Airport Industry - p. xxxiii 12. Part I. General Characteristics of the Airport Industry - p. 1 13. 1. The nature of airports - p. 3 14. 2. The metamorphosis of airports - p. 17 15. 3. Measuring the financial position - p. 35 16. 4. State of the industry - p. 49 17. Part II: The Roots of Airport Economics - p. 64 18. Part II. The Roots of Airport Economics - p. 67 19. 5. Operating environment - p. 69 20. 6. Scale of operations - p. 93 21. 7. Capital structure, capital cost, and capital productivity - p. 105 22. 8. Investment spending - p. 115 23. 9. Ownership structure - p. 129 24. 10. Regulatory regime - p. 163 25. Part III: Financial Management in the Airport Sector - p. 179 26. Part III. Financial Management in the Airport Sector - p. 183 27. 11. Specifics of airport economics - p. 185 28. 12. Managing the financial performance - p. 199 29. 13. Financing growth - p. 243 30. Appendix A. Airports covered - p. 259 31. Appendix B. Airport codes - p. 263 32. Appendix C. Selected current and future airport investment projects in excess of USD 1bn - p. 269 33. Appendix D. Copenhagen Airports common-size comparative financial statements for the years 2006–15 - p. 273 34. Index - p. 287
Foundations of Airport Economics and Finance analyzes the impact key economic indicators play on an airport’s financial performance. As rapidly changing dynamics, including liberalization, commercialization and globalization are changing the nature of airports worldwide, this book presents the significant challenges facing current and future airports. Airports are evolving from quasi-monopolies to commercial companies operating in a global environment, with ever-increasing passenger and cargo volumes and escalating security costs that put a greater strain on airport systems. This book highlights the critical changes that airports are experiencing, providing a basic understanding of both the economic and financial aspects of the air transport industry.
1. Cover image - p. Cover 2. Title page - p. iii 3. Table of Contents - p. iii 4. Copyright - p. iv 5. List of figures - p. xi 6. List of tables - p. xv 7. List of features - p. xix 8. Preface - p. xxi 9. Acknowledgments - p. xxv 10. Abbreviations - p. xxvii 11. Part I: General Characteristics of the Airport Industry - p. xxxiii 12. Part I. General Characteristics of the Airport Industry - p. 1 13. 1. The nature of airports - p. 3 14. 2. The metamorphosis of airports - p. 17 15. 3. Measuring the financial position - p. 35 16. 4. State of the industry - p. 49 17. Part II: The Roots of Airport Economics - p. 64 18. Part II. The Roots of Airport Economics - p. 67 19. 5. Operating environment - p. 69 20. 6. Scale of operations - p. 93 21. 7. Capital structure, capital cost, and capital productivity - p. 105 22. 8. Investment spending - p. 115 23. 9. Ownership structure - p. 129 24. 10. Regulatory regime - p. 163 25. Part III: Financial Management in the Airport Sector - p. 179 26. Part III. Financial Management in the Airport Sector - p. 183 27. 11. Specifics of airport economics - p. 185 28. 12. Managing the financial performance - p. 199 29. 13. Financing growth - p. 243 30. Appendix A. Airports covered - p. 259 31. Appendix B. Airport codes - p. 263 32. Appendix C. Selected current and future airport investment projects in excess of USD 1bn - p. 269 33. Appendix D. Copenhagen Airports common-size comparative financial statements for the years 2006–15 - p. 273 34. Index - p. 287
