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Airports in the Aviation Value Chain: Financing, Returns, Risk and Investment

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The global airline industry is slowly returning to profitability, but there is a long and difficult road ahead. According to IATA, the industry raised a profit of $8 billion in 20112 and it is forecasted to make a profit of $11 billion in 2013.3 However, these improved profit margins continue to be razor thin – in the best of times the airline...

全球航空业正缓慢恢复盈利能力,但前方仍有一段漫长且艰难的道路。根据国际航空运输协会(International Air Transport Association, IATA)的数据,该行业在2012年实现了80亿美元的盈利,并预计将在2013年达成110亿美元的盈利目标。不过,即便行业盈利状况有所改善,其利润率依旧微薄至极——即便在行业景气的最佳时期,航空业……

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