In the 1950s and 1960s airports were seen as just another, fairly inconsequential arm of government. Over the past 20 years, however, it has become obvious that airports can actually be run as highly successful and profitable businesses. Despite this success the industry has, until now, had no defined economic theory to base itself on. The aim of The Airport Business is to change this. | the AIRPORT BUSINESS RIGAS DOGANIS Also available as a printed book see title verso for ISBN details The airport business In the 1950s and 1960s airports were seen as just another fairly inconsequential arm of government. Over the past 20 years however it has become obvious that airports can actually be run as highly successful and profitable businesses. Despite this success the industry has until now had no defined economic theory to base itself on. The aim of The Airport Business is to change this. Working on the basis that airports can and should be run as successful businesses Professor Doganis sets the airline business as a whole within a conceptual framework. The book opens with an overview of the airport business examining patterns of ownership and control of the world s largest airports. The author considers the key issues which will affect airport managers during the 1990s such as privatization the growing shortfall in airport capacity and the need to develop new and innovative sources of finance. Another important aspect of the book is cost strategy. Professor Doganis analyses the traditional cost and revenue systems that have developed for aircraft landing fees and passenger charges. He goes on to compare this with more recent strategies such as marginal as opposed to average cost pricing. The author also discusses the need for a commercial strategy and goes on to show how to maximise airport revenue from the various activities at the airport. Because of the unique system practised in the US a chapter is devoted to the performance of American airports. Likewise there are difficulties peculiar to the Third World which are also examined in a separate chapter. As the airport industry continues to grow The Airport Business offers an insight into how to overcome the major economic and financial problems that airports will have to confront in the 1990s. The airport business Rigas Doganis London and New .
