Outlook 2024: Airports spotlight – construction activities in freefall and won't recover quickly 2/3

The airports business is in a better position than it was this time in 2022, but ‘headwinds’ remain, and the Black Swans that habitually inflict misery on the entire industry have not hibernated yet.

In this second of a three-part summary of 2023 and Outlook for 2024 for the sector, it is shown how airport construction projects have been in decline overall for some time, and it is suggested that incremental development is more likely than large-scale projects until the dust has settled.

It looks at the increase in private terminals and questions how the opposed concepts of the Aerotropolis and the 15-minute city square with each other.

More cities will join the coveted 100 million per annum air passengers club this year and in 2024.

In preparation for Part 3, where what’s happening with airport financing and development will be examined in more detail, it is confirmed that private sector finance for airports remains hard to come by.

Finally the intriguing results of a private survey are revealed, in which the lack of confidence among airport management about finances and recovery potential is shown to be low.