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V5 of State of the European Airport Industry at the 28th ACI EUROPE & World Annual Congress in Brussels, 19 June 2018

Presented by Olivier Jankovec, Director General, ACI EUROPE
by

Robert O M

on 15 October 2018

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Transcript of V5 of State of the European Airport Industry at the 28th ACI EUROPE & World Annual Congress in Brussels, 19 June 2018

Olivier Jankovec
Director General
ACI EUROPE & WORLD Annual Congress
Brussels, 19 June 2018
STATE OF THE EUROPEAN AIRPORT INDUSTRY
@aci_europe
#ACIbrussels
WHERE DO
WE STAND?
TRAFFIC
THE FAST.... & THE FURIOUS
FINANCIALS
- getting better
ROIC
+8.5%
Key improving factors
loss making
46%
(71% below 1mppa)
- Cost reduction,
-13.8%
NOT revenue growth
-7%
(since 2011, per passenger in real terms)
OUTLOOK
The tipping point?
Economic deceleration...
...and
rising
oil prices
The next recession?
debt
secular
stagnation
the great return of GEOPOLITICS
For now...
Passengers:

+6.9%

Non-EU:
+11.6%
EU:
+5.3%

Fading
momentum
Market maturity - not just yet?
JAN - APRIL 2018
BUSINESS
EVOLUTION
IMPERATIVE
B2B - AIRLINES
Hybridisation & Consolidation
- Expanding & moving upmarket
of pax growth
@ Top 20 EU/EEA airports (2007-2017)
FSCs embracing LCC model
Changing Connectivity Patterns
Airline Consolidation
Airport competition

- Traditional airport market segmentation
BLURRING

Aeronautical revenues under pressure...
...The era of rebates, incentives, "marketing support" & commercial deals
- AND airline opposition to investment in capacity & quality
"Travel is the global crucible
for everything - it is where
the largest consumer & tech
trends are first tested,
they all converge in travel."
Rafat Ali, CEO

B2C - CONSUMERS
Tech & Digital
CONSUMERS
Airport business model
Renewed focus
EU airports: top contributor to global traffic growth
New (positive) fundamentals
London Gatwick +33%
Barcelona El-Prat +34.5%
Moscow SVO +53.1%
Athens +67.9%
Lisbon +74.3%
Malta +65.1%
Sofia +87.1%
Keflavik +267.7%
Alicante +54.9%
Eindhoven +89.9%
Amsterdam Schiphol +34.3%
Istanbul Ataturk +41.5%
Dublin +54.9%
Warsaw Chopin +64.3%
Berlin SXF +81.3%
Luxembourg +87%
Istanbul SAW +105.2%
Nantes +51.2%
Krakow +69.7%
Tbilisi +159.2%
Non-EU:
+11.4%
EU:
+7.7%
Building

Resilience
Embracing

Disruption
& Looking
Ahead
CHANGE READINESS
CHANGE READINESS


AIRLINES

CONSUMERS
SOCIETY
- Long Haul
- Feeding & Connecting
Non-European airlines
B2B
B2C
B2P
2.23
billion passengers
+513 million passengers since 2012
LCCs
- Trading down & multi-brand strategy
Airports = battleground for
airline DOMINANCE
- Increasing & moving upmarket
= challenged
"The time has come for a new model of shareholder engagement - to prosper over time, every company must deliver financial performance, but also show it it makes a positive contribution to society"
Larry Fink, CEO Blackrock
Aviation =
agent & symbol
of Globalisation
Global Security
1. Social purpose &
strong values
2. Outreach & contributions
to local communities
3. Function as local living space & multi-purpose facility
4. Airport brand (also) in societal
terms - local collective narrative
Backlash against GLOBALISATION & BUSINESSES
Paradigm
shift in
Sustainability

- business goals
& responsibilities
- BUT...
B2P - SOCIETY
The Next Frontier
CSR = airport DNA
- Environmental focus & 'good neighbours'
- From local...
SUSTAINABILITY
= CORE of the airport business strategy
GLOCAL BUSINESSES
Far reaching implications
- Airport = Brand experience
- Innovation & corporate culture
- Airport & airline cooperation?
- Efficient & Integrated Operations
A-CDM, Ground Coordinator
& Total Airport Management
Blockchain & AI
- Commercial
- from U
S(elling)
Point
to U
E(xperience)
Point

- Quality & customer
satisfaction
THANK YOU
www.aci-europe.org
EVERY FLIGHT BEGINS
AT THE AIRPORT
.

@aci_europe
84%
- More disruption ahead
- Point-to-Point vs. Hub & Spoke
- Empowered, versatile & demanding
...CSR no longer good enough

...to global impacts
Global Trade
Global Connectivity
WHO CARE
- A STORY OF GROWTH
Full transcript