Airport Financial Management

5-day (40 hours) classroom course

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: APC004VEEN02

Course format

• This classroom course provides 5 days (40 hours) of instruction delivered by an official IATA Instructor.
• Take this course at an IATA Training Center, Regional Training Partner, or on-demand as in-house training.
• Student performance will be based on an assessment.

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.
• Register early and save up to 25% at our Training Centers! Please read the Terms and Conditions for the early bird discount.

In-house training

To arrange in-house training for your company, please complete the in-house training request form or contact the Training Specialist in your region.

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

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

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

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.