Airport Simulation
The basic determinant of an airport’s economics is the passenger forecast. It is the basis for estimation of aircraft movements, investment in terminal buildings, traffic charges, tax free sales etc.
The basic determinant of an airport’s economics is the passenger forecast. It is the basis for estimation of aircraft movements, investment in terminal buildings, traffic charges, tax free sales etc.
Concessions are an important source of revenue for all airports. An airport simulation model should therefore be able to give a good forecast of revenue from different types of concessions.
The uncertainty about the future yearly Pax is quite high. With this as the backcloth for airport planning the stochastic nature of Pax forecasts has to be taken into account when investment decisions are to be made.
When the Icelandic volcano Eyafjallajøkul had a large eruption in 2010 it lead to closed airspace all over Europe, with corresponding big losses for airlines.