The Airports Council International (ACI) World published a new report on Aug. 5, outlining successful cargo strategies airport operators can develop to contribute to the sustained recovery of the industry.
The Developing Cargo at Airports guide looks at ways to develop alternative revenue streams and was prepared in collaboration with Netherlands Airport Consultants (NACO) and InterVISTAS, as well as input from global airports and air cargo industry experts.
As air cargo remains an economic growth engine, its crucial role during the pandemic created positive momentum for the industry as it enters its recovery phase. Many airports, ACI said, managed to sustain or even grow their cargo operations during the pandemic – a crucial element in providing liquidity for airport operators. In some cases, ACI said, cargo operations ensured the longer-term solvency of the airport business.
“As airports come out of the pandemic and look to ensure long-term financial sustainability through the diversification of their revenue streams, cargo is an important area to be explored,” ACI World Director General Luis Felipe de Oliveira said. “A clear cargo strategy will help further airports’ understanding of the current landscape and opportunities, as well as build a robust business plan for the future. Cargo continues to be critical to global recovery through the supply of goods – such as medicine, medical equipment, and most recently, vaccines – and playing a key role in supporting the communities we serve.”
ACI World’s guidance highlights the importance of analyzing current data, such as market trends, stakeholders’ perspectives, and cargo supply and demand while developing a clear vision and master plan for cargo and ensuring the capabilities and infrastructure are present to create a lasting benefit.
“This guide has been developed leveraging NACO’s extensive expertise and understanding of the air cargo market, and equally integrates the experience and lessons learned from ACI airport members,” de Oliveira said. “These inputs, which are highly appreciated, have been invaluable to establishing a comprehensive landscape of the cargo value chain and understanding of the key elements of a robust airport cargo strategy.”