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How to anticipate, plan for and manage risks threatening airports

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Airports face various short-term and long-term risks, which can have financial, operational and reputational impacts. A comprehensive risk assessment is the cornerstone of successful asset management. This paper identifies seven factors that can serve as a guideline to a systematic risk assessment: macroeconomic environment, quality of the catchment area, customer mix, depth of the value chain, operational leverage, asset flexibility and financial leverage. The authors explain the interaction between the various factors and illustrate the benefits of a proactive and risk-conscious asset management approach using two examples from their portfolio of airport assets.

Keywords: Athens Airport; Budapest Airport; airline bankruptcy; asset management; risk assessment; risk mitigation

Document Type: Research Article

Publication date: September 1, 2018

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  • Journal of Airport Management is the essential professional journal publishing in-depth, peer-reviewed articles and real world case studies on airport management, finance, development, ground-handling, airport-airline relations and regulation - with no advertising or sales pitches.

    Guided by an expert Editorial Board and published in association with Airports Council International, each quarterly 100-page issue publishes original, authoritative articles and case studies written by and for airport managers, ground-handling companies, airlines and regulators, as well as their advisers, service providers, researchers and academics. Each issue provides detailed analysis, new thinking, 'lessons learned' and 'how to' guides from fellow professionals around the world that can be applied in your organisation, plus the latest research in the field.
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