Airport Expansion and Economic Sustainability

Irene S.

Order the writing of a tailor-made Business strategy Case study

Free quote online

Case study Format .docx

Airport Expansion and Economic Sustainability

Download

Read an extract

Themes

University of Washington, airport, new technologies, infrastructure, investment, co2 emissions, sustainability, airport expansion, passengers, profitability, aircraft, economic growth

Reader
Abstract
Contents
Extract

Abstract

The transportation network of society depends heavily on airport infrastructure, which also presents serious environmental challenges. Massive investments are required, according to COVID-19, to prepare for handling passengers from all over the world and to update and rehabilitate the outdated and inadequate airport infrastructure (Raimundo et al., 2023). The development and management of an airport have a significant influence on the environment, particularly when one considers that the aviation industry contributes significantly to global greenhouse gas emissions in addition to the effects of airport operations and construction (Raimundo et al., 2023). General sustainability, energy supply, greenhouse gas emission reduction techniques, air quality impacts, water management, ground transportation, sustainable building, and waste management are all included in airport sustainability.

Airport noise
Airport capacity
Commercial revenues
Performance
Technology

Get this table of contents for free after login.

Extract

[...] The value of the expansion option, which would increase the airport's total value, was projected to be 0.7 million euros for a single-stage investment and 1.3 million euros for a two-stage investment. Commercial revenues Another important aspect is the increased revenue generation with larger airports. This is a result of airports' growing reliance on commercial revenue to generate profits. Duty-free and travel retail have developed into very successful worldwide industries and are now a significant source of financing for airports (Spinks, 2016). [...]

[...] E., & Cruz, S. P. (2023). Sustainability in the airport's ecosystem: A literature review. Sustainability, 15(16) https://doi.org/10.3390/su151612325 Spinks, K. (2016, July 21). Airport retail: A critical revenue stream. International Airport Review. https://www.internationalairportreview.com/article/23906/airport-retail-critical-revenue-stream/ Uniting Aviation. (2017, May 2). Airport construction and expansions to cope with capacity constraints. [...]

[...] Trends in airport expansion and renovation. Airport World. https://airport-world.com/trends-in-airport-expansion-and-renovation/ Josimovi?, B., Kruni?, N., & Nenkovi?-Rizni?, M. (2016). The impact of airport noise as part of a Strategic Environmental Assessment, case study: The Tivat (Montenegro) airport expansion plan. Transportation Research Part Transport and Environment 271-279. https://doi.org/10.1016/j.trd.2016.10.005 Oliveira, A., Couto, G., & Pimentel, P. (2021). Uncertainty and flexibility in infrastructure investments: Application of real options analysis to the Ponta Delgada airport expansion. Research in Transportation Economics https://doi.org/10.1016/j.retrec.2020.100845 Raimundo, R. J., Baltazar, M. [...]

[...] Airport traffic affects aircraft scheduling and operations (Uniting Aviation, 2017). In addition to causing delays, this might have a negative socioeconomic impact by reducing the number of destinations and aircraft frequencies. Capacity restrictions occasionally have a detrimental effect on airline competitiveness, which implies that congestion may raise the price of tickets (Uniting Aviation, 2017). Reduced air connectivity might potentially impede economic growth by impacting investment, tourism, and trade. If the necessary funds are obtained, all of these projects should eliminate barriers to the airport's ability to manage a rise in traffic (Uniting Aviation, 2017). [...]

[...] Technology Airport expansion also results in modernization, which includes better technology. Equipment that has been updated increases both efficiency and safety (Bates, 2019). For example, KONE escalators include a sleep mode/standby option that is meant to save energy and extend the life of units that are usually in use twenty-four hours a day, seven days a week (Bates, 2019). When the escalator is in standby mode, its speed is decreased until sensors at both ends identify approaching traffic and allow the unit to return to its full speed so that users can proceed. [...]

docx