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Copy of Airport Competition in Europe (Singapore Prezi)

Presentation by Olivier Jankovec, Director General, ACI EUROPE at the 5th ACI Airport Economics & Finance Conference in Singapore
by

Robert O M

on 31 May 2013

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Transcript of Copy of Airport Competition in Europe (Singapore Prezi)

Olivier Jankovec, Director General AIRPORTS COMPETE. THANK YOU For more information, visit www.aci-europe.org CUMULATIVE IMPACT Marketing & Brand Equity DYNAMIC AIRPORT
RESPONSES MORE PASSENGER CHOICE MORE FOOTLOOSE
AIRLINES VERIFIED COMPETITIVE CONSTRAINTS Competitive Charges In 2012... 65% of Europe's airports either froze
or reduced their charges! COMPOUNDING
FACTORS - fixed costs
- two sided business
- geographically fixed
= Natural incentive to pursue VOLUME More Airports & Commercialisation +80 new airports (2008 v 1996)
+41% capacity increase by 2030 i) Technology IMPLICATIONS FOR REGULATORS - More Competition = Less Regulation
- Reappraisal & Fitness Check required - More efficient aircraft
- Development of surface transport
- Internet & Digital Revolutions ii) Airline Business Models - LCCs & Pan-European Airlines
- Restructured Network Airlines & Multi-Hub Strategies iii) Consumer Behaviour - Internet = empowerment
- Leisure & discretionary travel
- Commoditisation of air travel BUT ALSO... Increased competitive pressures! i) AVOID REGULATION WHERE COMPETITION IS EFFECTIVE
ii) RETHINK REGULATION WHERE COMPETITION STILL NEEDS TO DEVELOP 5th ACI Airport Economics & Finance Conference
Singapore, 7 March 2013 AIRPORT COMPETITION IN EUROPE @ACI_EUROPE ALL
CHANGE! 15 hub closures
since 2000 The threat of switching
& route closure impact - Transfer passenger with transfer alternatives
52% (2002) 63% (2011)
- More price-sensitive passengers
- Increased market transparency
- Destination switching Available to download
from http://bit.ly/W5nJxz Corporatisation & Privatisation - More incentives
- Focus on QUALITY
Full transcript