Foundations of Airport Economics and Finance

Foundations of Airport Economics and Finance

1st Edition - March 21, 2019

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  • Author: Hans-Arthur Vogel
  • Paperback ISBN: 9780128105283
  • eBook ISBN: 9780128105290

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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


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 Industry
    1. Industry Profitability
    2. The Structure of Airport Finances
    3. Operating Efficiencies

    Part 2: The Nature of Airports
    4. Airports within the Air Transportation System
    5. The Changing Environment of the Airport Business
    6. The Metamorphosis of Airports
    7. Social, Environmental, and Political Impact of Airports

    Part 3: Airport Economics
    8. Regional Location Differences
    9. Operational Size
    10. Capital Structure, Costs and Productivity
    11. Investment Spending
    12. Ownership Models
    13. The Regulatory Environment

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

    Part 5: Measuring and Managing Financial Performance
    17. Major Issues in Financial Management and Control
    18. Tools for Performance Analysis and Control
    19. Value-Based Management
    20. Financing Growth

Product details

  • No. of pages: 330
  • Language: English
  • Copyright: © Elsevier 2019
  • Published: March 21, 2019
  • Imprint: Elsevier
  • Paperback ISBN: 9780128105283
  • eBook ISBN: 9780128105290

About the Author

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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