Analysis of the competitive environment of the airport company
DOI:
https://doi.org/10.22320/hem.v24i2.7520Keywords:
airport competition, airport industry, airport business, airport company, airport managementAbstract
For about three decades, airports have been shifting from a situation of natural monopoly to an increasingly competitive environment. Airport competition has been driven by several factors, including aviation market liberalization, which boosted continuous demand growth; the entry of new air operators; airport privatization; the construction of new airports; the growth of e-commerce; and the rise of alternative modes of transport, such as high-speed or very high-speed rail. This review article analyzes how these factors have shaped the characteristics and evolution of airport competition during the period under study. The analysis also examines airports responses to the COVID-19 pandemic and its impact on airport competition. Among the main findings, it is notable that airport business models are adapting to airlines growing bargaining power, the regulatory context (depending on the country or region), and passengers’ greater access to online tools for planning, selecting, and purchasing air travel.
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