Seminar 3:00 PM – 6:00 PM
Reception 6:00 PM – 7:30 PM
The Willard InterContinental Washington
1401 Pennsylvania Avenue, N.W., Washington, D.C. 20004
Airports comprise an important component in the infrastructure network that supports local communities and the nation at large. They serve as gateways for travelers and goods, and contribute to regional economic activity and job creation.
However, competition in the airline industry places airport management in an increasingly tough situation. A spate of restructurings, bankruptcies, and mergers of major airlines has affected some airports, which have seen the number of flights and their networks shrink and have even lost hub airport status. In addition, airlines, particularly low cost carriers, pursuing greater cost efficiency, seek airports that offer better services at lower cost. Airports can no longer simply depend on collegial partnerships with airlines as they once did. Rather, airport directors must manage more vigilantly.
As such, airports need more active management to keep them financially sustainable. Efforts to reduce expenses and increase revenues from aeronautical and non-aeronautical sources are critical. Moreover, now that airport management relies more on investment from the private sector to improve airports, enhancing airports’ value proposition becomes ever more essential to attract investors.
To consider these industry trends, JITI has convened a distinguished group of experts from the United States, Europe, and Japan to discuss how airports should enhance their value by sharing their experiences and contrasting the differences in the private sector’s involvement in airport management.