Tough revenue targets in Australia
Article Abstract:
Australia's privatized airports enjoy diverse ownership, with investors seeking long term capital gains rather than merely high running yields. Total revenues, overall, for privatized airports in Sydney, Melbourne, Perth and Brisbane are increasing, but future income growth will rely largely on commercial sales and enhanced efficient use of airport land. This is because of regulated aviation charges and slow traffic increase. Aviation charges for all four aiprorts hardly changed in FY 1998-1999.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 2000
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Clawing back lost duty free revenue
Article Abstract:
Copenhagen Airport was able to increase its revenue by 22% because of the 15% in charges implemented on Jan 1, 1999 and a 6.3% increase in traffic traffic to 298,522. Charges were increased in Jan 2000. Total revenue increased by 7% despite the abolition of duty-free within the EU which resulted in the fall of concession revenue by 21%. For the four years up to Financial Year 1999, total revenues increased 45% while net profit rose 51%.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 2000
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Falling traffic dents first year financial results
Article Abstract:
The first three major airports sold under the Australian government's privatization program reported lower revenues in their first year of operations. The lower revenues were due to the decline in passenger traffic. Revenues for aeronautical operations are expected to be stable in the near-term. Airports are expected to reduce their fees in order to increase traffic and earn more revenues from groundside assets.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 1999
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