Search results

This paper aims to describe the processes used to ensure that the comparisons made between airport and airline performance are as meaningful as possible, and to highlight a number of issues which need to be considered when making performance comparisons in aviation.

Evidence was gathered from an international data sample of airports and airlines. Operational and financial data was derived from published reports.

The research illustrates the scale of differences in airport performance levels, and it also highlights the considerable difference in performance levels between airports and airlines. It is clear that many factors can impact on an airport's ability to optimise its performance, and on its relative level of performance when compared to its peers.

The research highlights and demonstrates the need for a degree of understanding of contextual factors when comparing airport performance measures with each other and when comparing airline performance.

Insight into the process by which airport and airline performance measurements can be compared with each other.

This paper aims to embark a mathematical model based on investigation and comparison of airport pricing policies under various types of competition, considering both per-passenger and per-flight charges at congested airports.

In this model, four-game theoretic strategies are assessed and closed-form formulas have been proved for each of the mentioned strategies. Numerical examples and graphical representations of the optimal solutions are provided to illustrate the models.

The rectitude of the presented formulas is evaluated with sensitivity analysis and numerical examples have been put forward. Finally, managerial implications are suggested by means of the proposed analysis.

The represented model is inherently limited to investigate all the available and influential factors in the field of congestion pricing. With this regard, several studies can be implemented as the future research of this study. The applications of other game theoretic approaches such as Cartel games and its combination with the four mentioned games seem to be worthwhile. Moreover, it is recommended to investigate the effectiveness of the proposed model and formulations with a large-scale database.

The authors formulate a novel strategy that put forwards a four-game theoretic strategy, which helps managers to select the best suitable ones for their specific airline and/or air traveling companies. The authors find that by means of the proposed model, the application of Stackelberg–Bertrand behavior in the field of airport congestion pricing will rebound to a more profitable strategy in contrast with the other three represented methods.

When large samples are used to estimate airport efficiency, clustering is a necessary step before carrying out any benchmarking analysis. However, the existing literature has paid little attention to developing a robust methodology for airport classification, instead relying on ad hoc techniques. In order to address this issue, this paper aims to develop a new airport clustering procedure.

A frontier-based hierarchical clustering procedure is developed. An application to cost-efficiency benchmarking is presented using the cost function parameters available in the literature. A cross-section of worldwide airports is clustered according to the relevant outputs and input prices, with cost elasticities and factor shares serving as optimal variable weights.

The authors found 17 distinct airport clusters without any ad hoc input. Factors like the use of larger aircraft or the dominance of low-cost carriers are shown to improve cost performance in the airport industry.

The proposed method allows for a more precise identification of the efficiency benchmarks, which are characterized by a set of cophenetic distances to their “peers”. Furthermore, the resulting classification can also be used to benchmark other indicators linked to airport costs, such as aeronautical charges or service quality.

This paper contributed to airport clustering by providing the first discussion and application of optimal variable weighting. In regard to efficiency benchmarking, the paper aims to overcome the limitations of previous papers by defining a method that is not dependent on performance, but on technology, and that can be easily adapted to large airport datasets.

This paper evaluates and assesses the competitiveness of airports by analyzing the efficiency of those in Northeast Asia. This research implemented Data Envelopment Analysis (DEA) to compare the competitiveness of airport efficiency and Decision Making Unit (DMU), which was selected by the top ranking freight operations among the airports in this region. Due to the lack of previous research with regard to the competitiveness of hub concentrated airports in air cargo volume, the variables have been screened for selection through referential documents and records related to air freight. Finally, aviation freight experts assisted in the final selection of the relevant variables for this research. The result of the analysis show that the larger airports in Northeast Asia are positively correlated with higher efficiency. In contrast, inefficient airports have suffered from over capacity or insufficient input.

Airport retailing is an under‐researched area of study. It is also a sector displaying significant year‐on‐year growth. This paper examines the structure of the supply chain within airport retailing and the main factors that differentiate it from its downtown counterpart. It describes the structure and operation of the supply chain within European airport retailing and the main sources of power that retailers and suppliers draw on in the negotiating process. The paper concludes that, relative to other retail sectors, relationships within the airport retailing supply chain are technologically unsophisticated and based on conventional market exchange principles.

This study aims to provide a meaningful comparison of airports’ performance and better understand the differences observed in the analysed airport performance by presenting a model to analyse the relationship between operational and financial performance and airport characteristics.

This study uses a quantitative analysis approach. The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) and entropy weight were utilised to analyse 17 airports in three Airports Council International regions: Asia, Europe and North America. Through operational and financial factors, these sample airports identified the most efficiently operated airports from 2016 to 2019.

Overall, Asian airports were superior in operational and financial efficiency. Unlike operating performance, the sample airport’s financial and total performance results show a similar trend. There were no noticeable changes in operational factors. Therefore, differences in financial variables for each airport may affect the total performance.

This study provides insightful implications for airport policymakers to establish a standardised information disclosure foundation for consistent analysis and encourage airports to provide this information.

The adoption of Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) to debt ratio and EBITDA per passenger, which had previously been underutilised in the previous study as financial factors, demonstrated differences between airports for airport stakeholders. In addition, the study presented a model that facilitates producing more intuitive results using TOPSIS, which was relatively underutilised compared to other methodologies such as date envelopment analysis.

The purpose of this study is to show the emissions related to electric consumption in electric aviation. Aviation, being one of the main transportation and economical driver of global trade and consumerism, is responsible for an important ratio of anthropogenic emissions. Electric energy use in aircraft propulsion is gaining interest as a method of providing sustainable and environmentally friendly aviation. However, the production of electricity is more energy and emission sensitive compared to conventional jet fuel.

A well-to-pump (WTP) energy use and emission analysis were conducted to compare the electricity and conventional jet fuel emissions. For the calculations, a software and related database which is developed by Argonne’s Greenhouse gas, Regulated Emissions, and Energy use in Transportation (GREET^®) model is used to determine WTP analysis for electricity production and delivery pathways and compared it to baseline conventional jet fuel.

The WTP results show that electricity production and transmission have nine times higher average emissions compared to WTP emissions of conventional jet fuel. The future projection of emission calculations presented in this paper reveals that generating electricity from more renewable sources provides only a 50% reduction in general emissions. The electricity emission results are sensitive to the sources of production.

The main focus of this study is to analyze the WTP emissions of electric energy and conventional jet fuel for use on hybrid aircraft propulsion.

The purpose of the paper is to investigate issues associated with the application of international and national accounting and valuation standards to owner occupied property for financial reporting purposes.

The regulatory framework and relevant literature are reviewed and analysed in order to hypothesise a theoretical framework, comprising an order of classification and tests for application by valuers to owner occupied property. The hypothesised approach is then tested in principle for the valuation of airports and specifically for the valuation of a part building and underlying land.

While the hypothesised approach requires development through the proposition of further tests, it is found to be supported in application to both a part building, being the retailing area within an international terminal, and to the operational land underlying an airport.

The research provides a theoretical framework for the application of accounting and valuation standards to owner occupied property for financial reporting purposes and highlights limitations therein for further research.

The hypothesised approach provides valuers with a globally consistent theoretical framework for application to the valuation of owner occupied property for financial reporting purposes.

As airports grow and move from government ownership, the measurement of their value for financial statements becomes progressively more important if a robust basis for stakeholder decision making and the optimal allocation of capital is to be provided

The paper seeks to improve property appraisal, finance and investment skills by promoting awareness of new theories, applications and related concepts and their implications to market conditions in the context of airports.

This paper aims to provide an assessment of tourism promotion in tourist destinations and airports (TPTDs) and to organize and classify the literature on tourism promotion, with the aim of staging the importance of this topic and encouraging future research in the projection of tourism and marketing sectors.

The paper uses the Social Sciences Citation Index (SSCI) database to analyze the bibliometric in TPTDs topic from 2000 to 2021. Additionally, the paper also uses the visualization of similarities (VOS) viewer software to map graphically the bibliographic material. The graphical analysis uses bibliographic coupling, co-citation, citation and co-occurrence of keywords.

This study provides an amended new definition of tourism promotion, which is the efficient management of a destination’s resources and strategic plans by destination marketing organizations (DMOs) to adapt the tourism supply to market trends and will empower tourists to visit such destinations. Furthermore, results also show a new paradigm applied to TPTDs topic and classified in five first-order research streams. Digital and mobile marketing, infrastructure, branding, quality, accessibility and information factors about a specific destination which are mostly demanded by tourists are considered as an important means of promotion for the tourism industry.

The contribution of this study is important to identify new challenges and opportunities for researchers, DMOs, airport and airlines operators and stakeholders, as disentangling existing contradictions and applying new theoretical framework to make better future decisions by researchers and organizations to provide higher quality to new research in the context of the TPTDs.

The aim of this study was to first establish foundational algebraic expressions that parametrically describe any advanced dual-energy storage–propulsion–power system (DESPPS) and then proceed to declare the array of fundamental independent variables necessary for the sizing and optimisation of such systems. Upon procurement of a pre-design-level integrated aircraft performance model and the subsequent verification against previously published high-end low-fidelity generated results, opportunity was taken in formulating a set of battery-based DESPPS related design axioms and sizing heuristics.

Derivation of algebraic expressions related to describing DESPPS architectures are based on first principles. Integrated performance modelling by way of full analytical fractional change transformations anchored according to a previously published Energy Specific Air Range (ESAR) figure-of-merit originally derived using the Breguet–Coffin differential equation for vehicular efficiency. Weights prediction of sub-systems that constitute the entire aircraft including DESPPS constituents emphasises an analytical foundation with minimal implementation of linear correlation factors or coefficients of proportionality. An iterative maximum take-off weight build-up algorithm emphasising expedient and stable convergence was fashioned. All prediction methods pertaining to integrated performance were verified according to previously published battery-based DESPPS results utilising high-end low-fidelity methods.

For all types of DESPPS, two new fundamental independent non-dimensional variables were declared: the Supplied Power Ratio (related to converted power afforded by each energy carrier); and, the Activation Ratio (describing the relative nature of utilisation with respect to time afforded by the motive power device associated with each energy source). For a given set of standalone sub-system energy conversion efficiencies, the parametric descriptor of degree-of-hybridisation (DoH) for Power was found to be solely a function of the Supplied Power Ratio, whereas in contrast, the DoH for Energy was found to be a more complex synthetic function described by comingling of Supplied Power Ratio and the Activation Ratio. Upon examination of the integrated aircraft performance model derived in this treatise, for purposes of investigating CO₂-emissions reduction potential for battery-based DESPPS using kerosene as one of the energy sources, one salient observation was maximising the ESAR figure-of-merit is not an appropriate objective or intermediary function for future optimisation work. It was found maximising block fuel reduction through the use of maximum ESAR would lead to ever diminishing design ranges and curtailment of the payload-range working capacity of the aircraft.

Opportunity is now given to design and optimise aircraft utilising any type of DESPPS architecture. It was established that designing for battery-based DESPPS aircraft can be achieved effectively in a two-stage process that may not require aircraft morphologies more exotic than the so-called “wing-and-tube”. Firstly, a suitably projected state-of-the-art aircraft with solely advanced gas-turbine technology for the propulsion and power system needs to be produced. Thereafter, a revised version of this baseline projected aircraft now using DESPPS architecture should be conceived. A recommendation related to CO₂-emissions reduction potential for battery-based DESPPS using kerosene as one of the energy sources is that during optimisation work the multi-objective formulation should comprise at least two functions: block fuel and operating economics. In all instances, it was advised that the objective function of block fuel should be tempered by an equality constraint of ESAR parity with the baseline projected aircraft using gas-turbine only technology.

A complete, unified analytical description of DESPPS that is universally applicable to any type of energy carrier has been derived and verified for battery-based dual-energy systems. Correspondingly, a set of aircraft design axioms and sizing heuristics relevant to battery-based DESPPS have been presented.