The annual ACI World Airport Economics Report presents an in-depth global analysis of airport industry revenues by source, costs, and related trends across the globe and over time, while the KPIs provide insight into areas such as financial performance, fixed-asset productivity, and airport operations through detailed statistics.
Data is gathered from over 1,000 airports of all sizes and business models, representing 82% of the world’s pre-pandemic traffic.
Key highlights from the 2023 Airport Economics Report and KPIs include:
- Due to the capital-intensive nature of the airport business with many fixed costs, the average cost per passenger far exceeded average revenue.
- Facing substantial financial pressures, and the ongoing need for infrastructure investments, airports increased their levels of debt during 2021 to finance operations.
- In 2021, the industry’s Debt-to-EBITDA ratio was 13:1; in contrast to the pre-pandemic average that was in the realm of 5:1.
- Aeronautical revenue was the largest source of income for airports, representing 50% of the total.
- Beyond aeronautical revenue, airports are exploring new sources of revenue on the non-aeronautical side of the business such as real estate development to mitigate traffic risk and adapt to changing market conditions.