The U.S. Open Skies Initiatives and Strategies Findings of 2016 ATRS Benchmarking J… · Airports...

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Key Findings Chunyan Yu Air Transport Research Society (ATRS) ww.atrsworld.org © Air Transport Research Society (ATRS) ATRS Global Airport Performance Benchmarking Task Force: Founding Chairman – Tae Oum; Coordinator - Chunyan Yu Asia Pacific: Peter Forsyth, Xiaowen Fu, YeongHeok Lee, Yuichiro Yoshida, Japhet Law, Shinya Hanaoka Europe: Nicole Adler, Jaap de Wit, HansMartin Niemeier, Eric Pels North America: Bijan Vasigh, Jia Yan, Chunyan Yu Middle East: Paul Hooper 2016 ATRS Global Airport Performance Benchmarking

Transcript of The U.S. Open Skies Initiatives and Strategies Findings of 2016 ATRS Benchmarking J… · Airports...

Page 1: The U.S. Open Skies Initiatives and Strategies Findings of 2016 ATRS Benchmarking J… · Airports included in the 2016 Report The ATRS Database contains historic information (FY

Key Findings

Chunyan Yu

Air Transport Research Society (ATRS)

ww.atrsworld.org

© Air Transport Research Society (ATRS)

ATRS Global Airport Performance Benchmarking Task Force:

Founding Chairman – Tae Oum; Coordinator - Chunyan Yu

Asia Pacific: Peter Forsyth, Xiaowen Fu, Yeong‐Heok Lee, Yuichiro Yoshida,

Japhet Law, Shinya Hanaoka

Europe: Nicole Adler, Jaap de Wit, Hans‐Martin Niemeier, Eric Pels

North America: Bijan Vasigh, Jia Yan, Chunyan Yu

Middle East: Paul Hooper

2016 ATRS Global Airport Performance Benchmarking

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Outline

Objective of the ATRS Benchmarking Study

Airports Included and ATRS Database

Characteristics of Sample Airports

Methodology

Key Results on Efficiency and Cost Competitiveness

© Air Transport Research Society (ATRS) 2

2016 ATRS Global Airport Performance Benchmarking

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To provide a comprehensive, unbiased

comparison of airport performance focusing

on

Productivity and Operating/Mgt

Efficiency

Unit Cost Competitiveness

Comparison of Airport Charges

Limitation: Service Quality is not considered

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Objective of the Benchmarking Study

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Canada-US 82 airports

Europe 70 airports15 airport groups

Asia Pacific 9 airport groups 38 Asian airports15 Oceania airports

----------------------------------------------------------Total 205 airports

24 airport groups

Airports included in the 2016 Report

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The ATRS Database contains historic information (FY 2002-2014) including financial data, traffic and capacity data of the major airports and airport authorities (groups) in the following geographic regions:

– Asia Pacific

– Europe

– North America

The data in each regions is segregated into:

– Airport Information ( capacity, type of ownership etc)

– Traffic

– Aeronautical Revenue

– Non-Aeronautical Revenue

– Operating Expense

– Balance Sheet

Visit http://www.atrsworld.org/publications.html for more details.

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The ATRS Database

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Number of passengers ranges from 853,097 at Dunedin (New Zealand) to 96.2 million at Atlanta (United States) in 2014

40 airports with only 1 runway, and 7 runways at DFW and 8 at ORD

Number of Employees ranges from 19 (Queenstown) to 19,919 (Frankfurt)

12 airports serve only international passengers, and international passengers account for less than 10 % of total traffic at 60 airports

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Airport Characteristics

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Largest Five and Smallest Five (‘000)

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Passenger Traffic, 2014

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Highest Five and Lowest Five

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Passengers per Aircraft Movement, 2014

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Highest Five and Lowest Five

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% OF Non-Aeronautical Revenue, 2014

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• Variable Factor Productivity (VFP) Index– Total Factor Productivity (TFP) - Impossible

because of capital input cost accounting problem

• VFP is essentially the ratio of total (aggregate) output index divided by total (aggregate) variable input index, namely labor and soft cost input (total non-labor variable inputs).

• VFP is computed using the multilateral index procedure proposed by Caves, Christensen and Diewert (1982).

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Methodology

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• This multilateral output (input) index procedure uses the revenue (cost) shares to aggregate output (inputs)

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Multilateral Index Procedure

Methodology

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12© Air Transport Research Society (ATRS)

Methodology

Gross Variable Factor Productivity

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Factors Beyond Managerial Control:

• Airport size (Scale of aggregate output)

• Average aircraft size

• Share of international traffic

• Share of air cargo traffic

• Extent of capacity shortage - congestion delay

• etc

Residual (Net) variable factor productivity (RVFP) is computed after removing effects of these Factors

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Methodology

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Cost Competitiveness

• An airport enjoys lower unit costs than other

airports when that airport is more efficient, or

pays less for its inputs, or both

• A cost competitiveness indicator is constructed

by summing the effects of variable input price

and the effects of efficiency in using these

variable inputs.

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Methodology

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Key Results

Hong Kong, Jeju, Busan

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Key Results

Sydney, Auckland, Australia Pacific Airports Corporation

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Key Results

Copenhagen, Schiphol, AENA

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Key Results

Athens, Alicante Airport, EuroAirport

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Key Results

Atlanta, Charlotte, Minneapolis/St. Paul

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Key Results

Omaha, Victoria, Calgary

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• Asian Airports:

• Hong Kong, Jeju, Busan

• Oceania Airports:

• Sydney, Auckland

Asia Pacific:

• Large Airports (> 15 million pax):

• Copenhagen, Amsterdam, AENA

• Small/Medium Airports (< 15 millions Pax):

• Athens, Alicante Airport, EuroAirport

Europe:

• Large Airports (> 15 million pax):

• Atlanta, Charlotte, Minneapolis/St Paul

• Small/Medium Airports (< 15 millions Pax):

• Omaha, Victoria, Calgary

North America (Canada/US):

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Top Efficiency Performers (2016)

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• Cost Competitiveness

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Key Results

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Key Results

Jeju (S. Korea), Haikou (China), Soekarno–Hatta (Indonesia)

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Key Results

Queensland Airports Ltd, Sydney, Auckland

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Key Results

AENA, ANA, Copenhagen

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Key Results

Bratislava, Athens, Malta

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Key Results

Atlanta, Charlotte, Tampa

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Key Results

Omaha, Oklahoma, Victoria

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• Oceania:

• Queensland Airports, Sydney

• Asia:

• Jeju, Haikou

Asia-Pacific:

• Large Airports (> 15 million Pax):

• AENA, ANA, Copenhagen

• Small/Med Airports (< 15 million Pax):

• Bratislava, Athens

Europe:

• Large Airports (> 15 million Pax):

• Atlanta, Charlotte

• Small/Med Airports (< 15 million Pax):

• Omaha, Oklahoma

N. America:

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Top Cost Competitiveness Performers

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The ATRS Global Airport Performance

Benchmarking Report : 3 volumes,

over 600 pages of valuable data and

analysis.

ATRS Airport Database (2002-2014)

Details at

www.atrsworld.org

Report and Database sale finances benchmarking research project

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ATRS Airport Benchmarking Report and Database

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Thank You!

Ευχαριστώ!

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