The Airport Business

"The Airport Business" is a good book on the economics of airport business written by a well known writer on airline economics. This is a welcome addition to the limited books on this rather specialized area of the air transport industry.

The air transport industry has been undergoing rapid and profound transformation in the past few decades. The transformations have resulted in some major changes in the airline business model. Since airports are an important part of the aviation industry, the author shows how they have been coping with these revolutionary developments in the air transport industry.

Airports have also undergone some rapid changes and Doganis discusses the major transformations including control and ownership of the world's largest airports, commercialization and privatization, capacity constraints, financing airports development, competition, pricing models and revenue and cost structures of airport businesses. The book is an important addition to economic theory pertaining to airports which should make the book very useful to the stakeholders of airport business.

The main drawback is that the book is now dated. Doganis needs to update the book in view of the major developments that have taken place since its publication.

Well-written and comprehensive in scope. Provides a good introduction to changes which are spreading rapidly in the global airport industry. Although dated, it is still relevant. My only criticism is that it does not give sufficient consideration to airports as part of a multi-modal transportation infrastructure, which is likely to be the future of the airport industry.