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Elsevier

Foundations of Airport Economics and Finance

  • 1st Edition - March 21, 2019
  • Latest edition
  • Author: Hans-Arthur Vogel
  • Language: English

Foundations of Airport Economics and Finance analyzes the impact key economic indicators play on an airport’s financial performance. As rapidly changing dynamics, including… Read more

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Description

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.

Key features

  • Identifies the economic roots of airport financial performance and how the interplay of its major parameters affects profitability
  • Bridges the gap between the latest airport academic research and real-world airport financial management
  • Covers cases and scenarios of numerous airports from around the world
  • Includes learning aids, such as chapter introductions and summaries, glossary and appendices

Readership

Air Transportation academic researchers, upper-level undergraduate and graduate students. Air Transportation practitioners, such as airport financial managers, analysts, consultants, etc. Air Transportation government officials involved with policy-making and planning

Table of contents

Part 1: The State of the Air Transportation Industry1. Industry Profitability2. The Structure of Airport Finances3. Operating Efficiencies

Part 2: The Nature of Airports4. Airports within the Air Transportation System5. The Changing Environment of the Airport Business6. The Metamorphosis of Airports7. Social, Environmental, and Political Impact of Airports

Part 3: Airport Economics8. Regional Location Differences9. Operational Size10. Capital Structure, Costs and Productivity11. Investment Spending12. Ownership Models13. The Regulatory Environment

Part 4: Airport Financial Management 14. The Two-Sided Nature of the Airport Business15. Economies of Scale and the Investment Cycle16. Business Diversification Implications

Part 5: Measuring and Managing Financial Performance17. Major Issues in Financial Management and Control18. Tools for Performance Analysis and Control19. Value-Based Management20. Financing Growth

Product details

  • Edition: 1
  • Latest edition
  • Published: March 22, 2019
  • Language: English

About the author

HV

Hans-Arthur Vogel

Hans-Arthur Vogel is a seasoned air transport economics, markets, and operations expert. Currently he is Professor of Aviation Management at International University of Applied Sciences in Bad Honnef, Germany and previously held senior financial positions with the Fraport Group, a leading international airport company. Dr. Vogel is a founding member of the Air Transport and Aeronautics Education and Research Association and has written for numerous journals, including Journal of Air Transport Management and Research in Transportation Business and Management. He has an MBA in Aviation from Embry-Riddle Aeronautical University and a PhD in Airport Economics and Finance from the University of Westminster.
Affiliations and expertise
Professor of Aviation Management, International University of Applied Sciences, Bad Honnef, Germany

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