up-to-date market information and systematically designed tests for balanced plans
The primary goal of a “Strategic Audit” is
- to recognize the current market and competitive position of the company and its foreseeable development in a holistic context and
- to review the previously valid, strategic development concepts of the airport operator in terms of completeness, timeliness and future functionality.
Key Performance Indicators (KPIs) are a leadership and decision-making tool to set targets, to elaborate target-oriented measures and to guide the short-, medium- and long-term development of an organisation.
Our reports show
- Basic operational and financial KPIs as usual in the industry
- Advanced KPIs based on so-called “Strategic Success Factors”, influencing the medium- and long-term success of an airport operator and
- benchmarks to other airports, related to the size of the airport and its location
A “Stress Test” is a risk management tool used by the financial industry to simulate the effects of changing risk factors or combinations of such factors by using scenario planning techniques. Similar to that our “Airport Stress Test” refers to industry-typical risk factors or typical test scenarios of an airport operator. abrupt changes in market demand, such as
- sharp declines in demand (example.g. bankruptcy a major airline) or sudden increases in demand (e.g. short-term market entry of a new major airline),
- external interventions in market access rights ( e.g. changes in legal market access rules in the catchment area),
- the simulation of significant technical-operational problems and the resulting budget deviations in key projects ( e.g. deadline and/or cost overruns, etc.) or the occurrence of new expansion restrictions),
- new or more stringent pricing regulations, operational restrictions (e.g. for special routes or for night flights, etc.), etc.
An important aspect of business segment planning is the valuation of assets of the company, whose balance sheet recoverability is to be defeated in accordance with the applicable International Accounting Standards (IAS).
Unforeseeable impairments of assets are regulated in International Accounting Standards (IAS 36 “Impairment of Assets”).
Our “Market & Airport Traffic Review Report” deals with
- current developments and mega-trends in the aviation industry,
- global and regional air traffic forecasts
- political and macro-economic developments in the regional catchment area of a specific airport and
- with the current traffic structure at the airport in terms of
- Traffic sources (O/D traffic, transfer traffic, transit traffic)
- Traffic types (scheduled, charter, general aviation, etc.)
- Destinations (airports, cities, countries, country-groups, economic zones, etc.)
- Airlines (airlines, airline-groups, alliances, airline business models, etc.)
Our “Airport Capacity Review” looks at the current capacity profile of your airport and the maximum possible throughput rates for passengers, freight and aircraft movements.
An attempt will also be made to determine when the capacity limits of the existing technical assets and facilities are expected to be reached according to an up-to-date traffic forecast.
Airport operator decisions about key extension projects are always extremely complex issues requiring strategic thinking due to the relative size of the projects under discussion, but also because of the extensive consequences of such decisions on the entire business and tourism location and the local environment of the airport. Even before triggering further costs for detailed technical planning, it would be helpful
- to be able to dimension the project correctly,
- integrate it into a timetable,
- roughly estimate the investment and follow-up costs and
- to check its financial feasibility and its environmental acceptance.
But even if a fundamental decision to implement the project has already been made, there are a variety of alternative solutions (e.g. regarding the dimension of the project, the envisaged quality level or the timing), whose advantages and disadvantages must be compared.
Our “Macro-economic Site Analysis” is concerned with collecting baseline data to assess the macro-economic effects of aviation in the region. Based on the collection of data regarding organisations located at and around the airport site, estimates are made for direct, indirect and induced impacts in the region on value added, jobs and taxes paid.