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Airports in the Aviation Value Chain: Financing, Returns, Risk and Investment

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  • Mike Tretheway

    (InterVISTAS Consulting Inc.)

  • Kate Markhvida

    (InterVISTAS Consulting Inc.)

Abstract

The global airline industry is slowly returning to profitability, but there is a long and difficult road ahead. According to IATA, the industry raised a profit of $8 billion in 20112 and it is forecasted to make a profit of $11 billion in 2013.3 However, these improved profit margins continue to be razor thin – in the best of times the airline industry earns only a modest 1-2% net profit margin on revenue. Volatile fuel prices, economic downturns, impacts of terrorism and natural disasters (hurricanes, volcanic ash, tsunamis), pandemics and government austerity measures are among the key factors that will continue to affect airline profitability...

Suggested Citation

  • Mike Tretheway & Kate Markhvida, 2013. "Airports in the Aviation Value Chain: Financing, Returns, Risk and Investment," International Transport Forum Discussion Papers 2013/15, OECD Publishing.
    • Handle: RePEc:oec:itfaab:2013/15-en
    DOI: 10.1787/5k46bj4f2p26-en
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    Cited by:

    1. Valdes, Victor, 2015. "Determinants of air travel demand in Middle Income Countries," Journal of Air Transport Management, Elsevier, vol. 42(C), pages 75-84.
    2. Steven Robins, 2017. "A Better Flight Path: How Ottawa can Cash In on Airports and Benefit Travellers," e-briefs 253, C.D. Howe Institute.

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