Airport operators in America face a dilemma: air passenger volumes might be increasing but revenues per passenger are falling. And there may be future challenges, too. The rise of both ride-hailing apps and online shopping outlets could cannibalize parking and commercial revenues, respectively.
Mar Beltran, S&P Global Ratings’ sector lead for infrastructure, EMEA, outlines how management teams could respond for Airport Improvement.
“How airports position themselves ahead of these challenges and opportunities will be crucial to remaining profitable,” writes Beltran. “By boasting a diverse range of airlines and high capacity levels—alongside favourable regulatory conditions and a willingness to embrace consumer changes—they can continue to thrive.”
Read the article here.