Airport Business Management Part I

Overview

This course describes the complex strategies and processes by which the United States (U.S.) airport industry manages the airport as a business enterprise.

The goal is to ensure that the airport maximizes economic efficiency, while at the same time earning sufficient revenue to deliver its commitments to the local community and to the airport’s many stakeholders, chief among them the passengers and the air carriers.

Moreover, in order to respond to changing industry trends, airports must always ensure that infrastructure, both terminal and airfield, can meet current and future demands.

This course can be taken as part of the ACI-NA U.S. Airport Professional (USAP) Program for those wishing to develop the leadership and strategic management skills necessary to achieve success in the dynamic U.S. airport industry.

If you have already completed one or more of the courses in the USAP Program and would like to upgrade to the full Program, contact enrolments@olc.aero.

Competencies Obtained

On completion of this course participants will be able to:

  • Describe the key components governing airport finances.
  • Identify the sources of airport financing and funding.
  • Understand the frameworks for airport-airline lease agreements.
  • Define the various sources of aeronautical and non-aeronautical revenue.
  • Explain the factors in managing ground transportation services at airports.

Who Should Enrol?

  • Airport industry professionals
  • Professionals new to the industry
  • Any employee of an ACI-NA Airport Member or World Business Partner/Associate Member

Course Content

This course covers the following topics:

1. Introduction to Business Management

  • 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.

2. Airport Financial Management

  • 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.

3. Airport Financing and Funding

  • 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.

4. Aeronautical Revenue

  • 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.

5. Non-Aeronautical Revenue

  • 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.

6. Ground Transportation Management

  • 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.

7. Airport Concessions

  • 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.

Assessment

Each of the modules in this course include an integrated online assessment.
Candidates must successfully complete each end of module assessment to receive a Certificate of Completion for the course.

Course info

  • Duration: 13 Hours
  • Language: English
  • Level: Certificate
0 out of 5

$695.00 USD

https://olc.aero/FsdPyYPgK0EaHAYpNc7z8AT8ba3pfx0wjcivuPoeuXzf4Y44KpFo9gyzyFhYr1FM