Documents de travail du Forum international des transports
Cette série d’étude s’adresse à un large public. Il s’agit généralement d’un travail collectif, mais les noms des principaux auteurs sont cités. Ces documents existent en général uniquement dans leur version originale – anglais ou français – avec un résumé dans l’autre langue.
- ISSN : 2223439X (en ligne)
- https://doi.org/10.1787/2223439X
Airports in the Aviation Value Chain
Financing, Returns, Risk and Investment
The global airline industry is slowly returning to profitability, but there is a long and
difficult road ahead. According to IATA, the industry raised a profit of $8 billion in 20112
and it is forecasted to make a profit of $11 billion in 2013.3 However, these improved
profit margins continue to be razor thin – in the best of times the airline industry earns
only a modest 1-2% net profit margin on revenue. Volatile fuel prices, economic
downturns, impacts of terrorism and natural disasters (hurricanes, volcanic ash,
tsunamis), pandemics and government austerity measures are among the key factors
that will continue to affect airline profitability...