Airport Financial Management

Learn how to control costs and manage a profitable airport. Over the next decade, airports need to expand and diversify their business in order to keep up with the increasing demand for air travel and financing this development can be challenging. Improve your understanding of the air transportation system, and analyze current financial industry trends and how they impact your airport. Examine the importance of implementing strong management control systems and learn how to successfully forecast your business. Evaluate the benefits of efficient customer service and how it relates to a successful pricing strategy.

Course Code: TAPG-14-VC

Course format

• The live sessions of this virtual classroom course are delivered by an official IATA Instructor.
• The course will take you approximately 15 hours to complete and be held over 5 consecutive days.
• There will be 2 live interactive virtual classroom sessions per day, each session will be 90 minutes.
• The live sessions will require your participation, with multiple Q&A sessions and additional time spent on self-study material including projects, research, additional reading and videos.
• Student performance will be based on an assessment.

Technical requirements

Please verify your hardware, software and network to support your upcoming course with IATA Training.

Prerequisites

• Participants should have knowledge of airport operations and business activities.
• Recommended level is Intermediate and Advanced.
• The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.

How to register

• When you click the Register button, you will be directed to log in to your Training Account. Please have your login details ready.
• Register early and save up to 25% at our Training Centers! Please read the Terms and Conditions for the early bird discount. The discount will be calculated at the time of payment.

To arrange in-house training for your company: Complete the in-house training request form or contact the B2B Training Specialist in your region.

What you will learn

Upon completing this course you will be able to:

• Discuss airport business drivers for financial success
• Analyze the industry’s financial trends and their impact on airport strategy and operations
• Assess airport financial performance
• Recognize and accommodate the needs of customers for
• Manage stakeholder relations
• Evaluate privatization and re-structuring options

Course content

The key topics that are covered during this course include:

• Current events in aviation
  • Liberalisation and competition; Airlines business models and implications for airports; Airport privatization
• The airport business
  • Demand and business drivers; Pricing and economic regulation; Revenue and profitability; Cost control
• The airport sector internationally
  • Operators; Benchmarking
• Financial reporting and financial indicators
• Managing airport privatization
  • Viability and objectives; Privatization plan; Risk management
• Airport capital management
  • Capital funding sources; Attracting capital; Managing shareholder value

Who should attend

This course is recommended for:

• Airport managers wanting to reinforce their understanding of financial tools and business principles
• Airport accountants, treasurers and controllers wanting to improve their understanding of airport operations and business drivers
• Financial managers and analysts from the air transport industry at large

Certificate awarded

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.