Content
Course content
This course covers the following topics:
- The various business models which airports can adopt
- The economic benefits airports bring to their communities
- The regulatory framework for U.S. airports and how this differs to other regions
- The steps in devising a business strategy for the airport organization, including measures to ensure business continuity
- Key elements of airport financial management
- The role and responsibilities of the Chief Financial Officer (CFO)
- The financial documents required by the FAA
- The ways airports manage costs
- Financial planning and budgeting principles
- Best practices for managing airport capital improvement programs
- Common airport business performance measures
- The differences between funding and financing and the major components of each
- The FAA’s Airport Improvement Program (AIP)
- The way Passenger Facility Charges (PFCs) are used to fund projects
- The differences in passenger charge levels at airports across the globe
- Key financial regulations with which airports must comply
- Legal restrictions on the use of airport revenue
- Trends in U.S. airport financing, including instruments that promote environmental sustainability
- The basic guidance the International Civil Aviation Organization (ICAO) has provided for setting rates and charges
- Rate making methodologies in the U.S
- The uncommon situation in which rates are set by ordinance
- The process by which airports and airlines arrive at Use and Lease Agreements
- Non-airline sources of aeronautical revenue, including fees on cargo and general aviation and revenue from Fixed-Base Operators (FBOs), hangar rentals, and fuel sales
- The economic importance of non-aeronautical revenue for the airport
- The sources of non-aeronautical revenue and their order of magnitude
- Key drivers of non-aeronautical revenue
- The types of ground transportation revenue streams at U.S. airports
- The new level of complexity presented by the proliferation of Transportation Network Companies (TNCs)
- The models of rental car operations at airports and the pros and cons of each model
- The myriad forms of airport shuttles and the need to manage them as seamlessly as possible
- Future changes and the revenue impacts of autonomous vehicles
- Components of a successful concessions strategy
- The array of concessions business models
- The necessary measures to plan and manage a concessions program
- The costs associated with operating airport concessions
- The recent trends in airport concessions
