Airport World - Patrick Lucas
ACI World’s vice president of economics, Patrick Lucas, considers the importance of non-aeronautical revenue to airports and how diversifying activities can boost the bottom line.
From a bare-bones perspective, aeronautical and non-aeronautical activity provide airports with their two main sources of revenue, with the latter significantly growing in importance over the past few decades as airports have become more commercially aware and developed the non-aviation related side of their businesses.
Aeronautical activity has historically accounted for the bulk of airport revenue across the globe.
Indeed, during pre-pandemic times (2019), aeronautical income typically accounted for 54% of all revenues and non-aeronautical activities for 40%.