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How to anticipate, plan for and manage risks threatening airports

Author

Listed:
  • Charbonneau, Patrick
  • Linkweiler, Holger

Abstract

Airports face various short-term and long-term risks, which can have financial, operational and reputational impacts. A comprehensive risk assessment is the cornerstone of successful asset management. This paper identifies seven factors that can serve as a guideline to a systematic risk assessment: macroeconomic environment, quality of the catchment area, customer mix, depth of the value chain, operational leverage, asset flexibility and financial leverage. The authors explain the interaction between the various factors and illustrate the benefits of a proactive and risk-conscious asset management approach using two examples from their portfolio of airport assets.

Suggested Citation

  • Charbonneau, Patrick & Linkweiler, Holger, 2018. "How to anticipate, plan for and manage risks threatening airports," Journal of Airport Management, Henry Stewart Publications, vol. 12(4), pages 339-349, September.
    • Handle: RePEc:aza:jam000:y:2018:v:12:i:4:p:339-349
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    More about this item

    Keywords

    risk assessment; risk mitigation; asset management; airline bankruptcy; Budapest Airport; Athens Airport;
    All these keywords.

    JEL classification:

    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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