Budgeting Revisited
Normally we would expect both the budget and the actual EBITDA to fall somewhere in the region of the expected value.
Normally we would expect both the budget and the actual EBITDA to fall somewhere in the region of the expected value.
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 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.