TOP 10 AIRPORTS: INTRODUCTION


The Shanghai Pudong satellite terminal officially opened on 16 September 2019. Source: Shanghai Airport Authority.


While the airports of mainland China did not begin to see adverse effects on their revenues until the beginning of 2020, for Hong Kong Airport the trouble started well before January of this year.


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in 2019. Revenue from retail concessions contributed the lion’s share of total retail income (£722m/US$946m), growing by 5.9% to £342m/$448, as the pound sterling’s drop in value against the Euro and US dollar aligned with greater shopping participation. Retail revenue per passenger was flat at £8.93.


Fiscal-year impacts Just behind LHR in seventh place, Paris Charles de Gaulle Airport told Charlotte Turner that 2019 was ‘a very good year for travel retail in Paris’. The revenue from retail and services, which includes both Charles de Gaulle and Paris Orly Airports, grew by 50.6% to €1,505m/$1,721m. Revenue from retail activities alone reached €970m/$1,109m, of which SDA represented €628m/$719m, +6.8% year on year. While 2019 was indeed a solid year for CDG, 2020 has been


anything but and in next year’s Top 10 Airports report, we will no doubt see a true reflection of just how challenging 2020 has been. The early impacts of Covid-19 are already evident from Tokyo Narita Airport’s figures, for example. As previously mentioned, both Narita and HKIA provided fiscal 2019/2020 figures, which means their results include the very challenging period between January and April 2020. Narita’s airside and landside retail and F&B sales for fiscal


year 2019 (April 2019-March 2020), which includes sales from retail operators FaSoLa Duty Free, Jatco, ANA Trading Duty Free Co. and Jal-DFS among others, fell by 10.6% to JPY127.9 billion. Duty free shop sales took a 52% share of total revenue,


posting a decline of 14.8% year-on-year to JPY67bn/$603m, while airside and landside stores and F&B outlets took a 37% and 11% share, respectively. Revenue from duty free shops reached JPY67bn, which


TRBusiness estimates to be a 14.8% decline based on last year’s figure of JPY78.2bn. And finally, Istanbul New Airport completes this year’s


table, albeit with a figure which doesn’t truly reflect its position just yet. In 10th position it is at a disadvantage this year as its figure only represents nine months of trading. This is because the new airport, operated by


İGA, has only been operational since April 2019. Of course, while 2020 is an unfortunate time to register its first full-year of trading, it is probable that we will still see it race up the ranking next year. «


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