Airport Economics

Airport economics refers to the financial and operational aspects of managing an airport. It involves understanding revenue sources, such as landing fees paid by airlines, passenger service charges, and retail income from shops and restaurants. Effective airport management balances costs and investments to ensure smooth operations and encourage growth. Factors like air traffic demand, competition among airports, and regulatory policies also play a role in shaping an airport's economic landscape. Ultimately, well-managed airports can enhance travel efficiency and contribute significantly to local and national economies.