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Viewing report
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Airports Market Report 2005
Key Note Publications Ltd, Aug 2005
In 2004, the turnover of UK airports was estimated to have reached £2.56bn, a 5% increase on 2003. Many of the leading airports reported record passenger numbers in 2004 and this helped to boost revenues across the industry as a whole.
The two main sources of income for airports can broadly be categorised into aviation and commercial revenues. Income from commercial sources has tended to outpace revenues from aviation services since 2000, owing partly to government restrictions on the level of aviation charges the leading airports can levy. To compensate for these restrictions, the airport operators have focused much of their efforts on increasing revenues from commercial sources, especially retail services.
The Department of Transport's White Paper, The Future of Air Transport, has set out a strategic framework for the development of airport capacity in the UK over the next 30 years. The White Paper takes a strategic view of where airport development may be needed, balancing the benefits of new airports against the negative impacts they can have. Capacity cannot be increased regardless of the environmental cost, and a balanced approach is needed that recognises the importance of air travel, but also tackles environmental issues.
UK airports are still suffering from problems of flight punctuality, with both scheduled and charter airline punctuality falling in 2004 compared with 2003. The fall in punctuality at London Heathrow Airport was the most marked, although flight delays in many of the other leading airports became more common over the period. Technical problems and staff shortages account for some of the delays.
The UK airports industry is expected to continue developing steadily over the next 5 years aided by the increasing popularity of scheduled low-cost air travel. Many of the leading airports are committing substantial resources to developing their terminal facilities over the next 5 to 10 years to meet these increases.
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