How Airports Make Money
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- čas přidán 16. 07. 2018
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Animation by Bard Edlund
(www.edlundart.com/)
Sound by Graham Haerther (www.Haerther.net)
Thumbnail by Simon Buckmaster
Special thanks to Patreon supporters James McIntosh, Braam Snyman, Harry Handel, KyQuan Phong, Kelly J Knight, Robin Pulkkinen, Sheldon Zhao, Nader Farzan, James Hughes, Ken Lee, Victor Zimmer, Dylan Benson, Simenn Nerlier, Donald, Etienne Dechamps, Qui Le, Chris Barker, Andrew J Thom, Keith Bopp, Alec M Watson, Chris Allen, John & Becki Johnston, Connor J Smith, Arkadiy Kulev, Eyal Matsliah, Joseph Bull, Hank Green, and Plinio Correa
Attributions
Lufthansa Cargo shot courtesy Lufthansa Cargo
Heathrow t5 exterior shot courtesy Isea Swarm
Heathrow check-in shot courtesy Travel Collector
Heathrow ATC tower shot courtesy Tony Hisgett
Heathrow bus shot courtesy Ed Webster
Heathrow t2 interior shot courtesy Diliff
Heathrow connections shot courtesy Terminal 5 Insider
The 5 Tuns shot courtesy Ewan Munro
Harrods shot courtesy MaryG90
a380 pushback shot courtesy Saad Sarfraz Sheikh
747 landing footage courtesy Umar Mansoor
Music by epidemicsound.com
It may have something to do with charging $7.50 for a donut lmao
Imagine how hard it is to get the donuts through security, the really fat people helping them selves, a clog because a teenager has 10000000000000000000 pieces of metal and a donut has a tiny tiny hole stuffed with earrings
PDX (Portland, OR) is great because the stores aren't allowed to charge you more than they would outside the airport.
Instant noodles cost $10. It took me more than an hour with so many looping to find this cheapest food besides donut. Panfa express cost around $9 at LAX. I always thought the reason was England and Airport. Now, I know it is Heathrow
@@commentorsilensor3734 jeez there are flights from London to Europe that are cheaper than that
@@hazzaboiii1936 👍
I thought Airports just made money selling neck pillows and toblerones at ridiculous prices...
Toblerones are great though
Tony Montana and they arnt actually expensive at airports. They are like £3 which is decent
Joseph Lane
Half price elsewhere
Alcohol is cheaper outside in supermarkets
Only frequent travelers will get that 😄
„How airports make money“ 2020 Update: They don‘t.
They will make money alright after they are bailed out by our taxes.
*Sebastian, some actually do make money, not just that, they make a profit.*
@@DevLev State and federal infrastructure tax dollars,in the U.S.A.,pay for airport improvements.
Maybe but 2020 is an outlier and for almost every other year they do make money.
Learn how to use “. It’s l “text, text” not *,,Text text”* LOOL
The gate being hidden from the screens is so annoying, knew it was some kind of scam but this video confirms it!
as someone who likes to arrive 3-4 hours early so i can do some planespotting from the terminal building and get the best seat for that (you know the one that is right next to the window and facing the runway, every airport has it)
it would drive me insane if i could not find out which gate i need to go to until just 45 min before departure seeing as i could accidentally find myself on the other side of the airport and then possibly miss my flight if its a huge airport like london heathrow or singapore changi
im glad no australian airports do that bullshit
@@mwbgaming28 although heathrow is a massive airport, they have 4 terminals and each of them are not that big. 15 minutes should be enough to walk quickly from one end to another.
@@nathanieong6212 I still think it's bullshit
MWB Gaming rude
@@nathanieong6212 how so?
I am *shocked* to learn that a nation that has privately owned and operated _prisons_ doesn't have privatized airports. That is extremely weird to me.
ger du hm?
What? Highways in America are privately owned?!
Some of the highways in and around the bigger cities are toll-roads otherwise known as Turnpikes. There are some rural interstate stretches that I believe are toll-roads, too. I am fairly certain you could drive across the country without having to pay road toll, though it might not be the quickest and most well maintained roads.
I was also surprised to hear this.
obnoxious though
The other thing to note about Heathrow not having many domestic connections is that domestic air travel in the UK in general is quite low, because the UK rail network is much denser than in the US. For most intercity journeys it's just easier to get the train.
The problem is that Heathrow has poor connections to rail. Heathrow Express is just far too expensive, it needs to just be a regular rail stop like Gatwick is.
also that fact the uk is much smaller then the u.s
this
Trains in the UK are very expensive, for me the flight and train journey out of Heathrow back up to Glasgow are about the same, but flying gets me there in an hour and a half whereas the train would take about 8 hours.
cough *Southern Rail* cough
But in all seriousness, having a fast and affordable rail transportation system is essential, and the UK is fortunate to have one; it might not be the fastest or cheapest (like europe) but at least it's there (unlike the US).
The reason why heathrow doesn't do short flights is because there is 4 other airports in london, meaning if you wanted short haul you can fly from somewhere else, and heathrow, being the largest, can keep its capacity by linking cross atlantic.
that makes no sense, since those 4 airports also do transatlantic flights. The fact is that, because Heathrow´s main focus is profit, the have optimized their sales capacity to just one airport. Public airports main goal is to transport and connect people. So, if all airports where private, there would be fewer, with some cities with no airport at all.
@StonkSlayd did you not understand the fact that the places that only have public airport, are because it is not profitable for the private sector? They have few passengers by year. Increasing the price will not do enough.
The state provides them with a public airport, precisely because no private company wanted to provide them the essential service.
@@MrPipol-nm3cd if they have such few passengers is it really worth having an airport?
@@zw3565 For the people living there, yes. The US is a large country, some places are just remote but they need access to civilization.
@@MrPipol-nm3cd Heathrow is a hub - large planes in, large planes out. Whats the point in having all London airports doing a mix of large and small planes, when it can just be the way it is.
A 330ml coke can is £ 2.99 inside and outside the airport is £0.79. This is how they make money. 😂
N op
Yeah but that store is not airport owned
They have to pay high taxes. So high price.
@@user-zb8tq5pr4x they pay exorbitant fees in rent to the airport
Visit Norwegian resturants they charge you 7 fucking dollers for 330ml of coke, 7dollars!
Because of Wendover, in 5 years transportation logistics engineer is going to be the most popular job in the U.S.
Nick C im going to study it here in Germany. Here universities started a whole new major 5-10 years ago called aviation management.
Good call, I just graduated in traffic engineering (Netherlands). It always amazes me no one even knows there is an entire field of study behind everything regarding traffic and logistics!
As a transportation engineer, I both hope so and hope not!
It would be great to make my job more mainstream, but then it would be harder to get a job in my field
The Pep Channel well that os do to how well it works. People just take it for granted that it works.
The amount of work that goes into airports is crazy.
And Wendover Productions videos too I reckon.
I worked at one for 30 years. They are small cities with all the associated infrastructure of a city. Think of what it takes to run a city, you have all the same problems and then some
When you’re discussing disadvantages of Heathrow running domestic flights, don’t forget that due to the size of the country, it is almost always faster to drive or use buses or trains than it is to fly within the U.K., and from most English cities the cost of a train ticket to London is comparable or less than the cost of a plane ticket.
This makes a lot of sense! I was at London Gatwick airport and they made me walk in almost a full circle of duty free shops to get to my terminal, and I had to sit around waiting for 30 minutes for the departure board to even show our flight. I got a bagel in the meantime. The house always wins.
Anyone else in the "never buy anything at airports" club? Flights are expensive enough as it is.
I only buy water or other drinks
If you go on a longhaul flight that costs $700+, you may as well spend another $10-20 at the airport because you feel that "I already spent a lot, I might as well buy something here". And imagine those people who don't fly economy (but rather premium economy or business) who can actually spend $100-200 dollars out of fun. Yeah, both the airlines and the airports make money on them.
I am a life-time member of that club.
I was transit in dubai last year and ate what was Italian restaurant and charged me $78. What a horrible food it was!
Keep in mind restaurants and other retail businesses are getting high volume at the airports. They aren't necessarily expensive to the consumer. My coffee was about $3 at the last airport I was at and when I was at a bus/train terminal a sandwich, chips and drink was about $4. Both were obviously government owned. It's kinda funny how competition can work decently when gov subsidizes the venue, there's lots of shops and there's roughly unlimited resources. Fuck private airports.
And he’s back with the usual
xD
Planeover Planeductions
ls7orBust 😂😂😂
*_planes_*
ls7orBust wrong channel lul
I believe a lot of researching has gone into making this video , respect you for making people informative.
F
Very interesting. Well made airports make you feel that spending urge
AIRPLANE RELATED VIDEO FROM WENDOVER YES YES YES YES I LOVE YOU
Viraj you a pilot mate?
Your channel is like a bag of Lays Chips.
90% Air.
Vito C lol
Nice.
Haha good one
Funny
makes it fresher in both cases huehue
I live 5 min drive away from Heathrow, every minute a plane goes over my house, that’s just for one runway.
I literally live in a neighborhood between two runways (Burkeville At YVR international)
monkaW
@@linus360 WOW, you do don't you.. It looks a nice place on google earth though
Have friends living in hounslow, they took up an offer for the sound insulation scheme offered by heathrow to reduce sound in their house. (I believe it was 50% off with the scheme). It's quite a big difference when inside the house and out.
That's weird to see that the U.S.A. hasn't privatized airports.
We do
True. This is coming from the same country who has a mostly private ambulances, costing a little bit.
@@simonair Not in my province. The province-wide ambulance service is publicly funded, although you still have to pay for a trip.
infinitecanadian which province is that Ontario
@@hugheast318 British Columbia.
4:15 Basically Heathrow's managements are good at tower defense.
@DeepSpace12 brilliant comment! :D
9/11 too soon
@@milesrout yeah thats not what it was about xD
10/10 commnt
Nah they just play on the easy maps where the bloons take the long route.
The reason why European airports tend to be more often privately run than in the United States (usually it is the other way around when it comes to privatisation), is that airports in Europe are not as much of a critical infrastructure as they are in the US. Due to the train systems in the EU which are often operated by publicly run companies, there already is a affordable way to travel to almost any destination. So flying here is not really a necessity but more of a luxury thing and therefore not as much in public interest. In the US on the other hand, due to the non-existence of proper train connections and the huge area, plane travel often is the only means of public transport over longer distance and therefore much more objected to public interest and government ownership.
"publicly run companies"
Which is even more true in the US example. In the UK there are no publicly owned rail companies either.
I do not agree, as thanks to low cost companies the plane is often cheap and always fater than train (or buses)
0
Flight from Southampton to Edinburgh is between £70-£120. It's direct and takes 2 hours. A train doing the same route is more than £300, has several changes in London and takes 7 hours. That's said Heathrow needs a third runway of its to compete with other European airports like Amsterdam, Madrid and CDG. All of those have 4 or more runways that can be used simultaneously, Heathrow has 2 that can't be used simultaneously. UK dies without Heathrow.
Here in Spain both train and airport companies are public: Renfe and Aena.
Regarding connectivity within the UK: Might be worth mentioning that Heathrow is one of SIX international airports in the greater London area... ;-)
With 4 of those not being in Greater London, of course. #triggered
@@fetchstixRHD xD
And that the UK is Geographically small, so there is little reason to have internal flights. They are mostly just for connections for long haul, and those 8 connecting airports pretty much cover the UK.
Now you know why the bottled water costs $5 lol.
There are airports that make profit. There are airports that lose money. And there is BER.
Paul Paulson
BER is an parking spot now ^^
For anyone not understanding; BER is an airport in germany, which has been in planning since 1997 and has yet to open, costing the gouverment billions of euros.
BER slogan - "opening since 2011"
Lol
I thought Germans were supposed to be efficient
Squarespace video is removed.
Wonder if they forgot to add their sponsorship to their own video or not.
EDIT: It's back with that kid trying to act like the human pet body Sam lives in
Chaitanya Singh It goes live at 11:30
Chaitanya Singh Nice profile pic
EDIT: Nice rubric
8$2*)1’87&(83*44#(853*0”5($8*53*(53@7 ohuG djnvnvjgjgjgjgjgjgjgjgjgjggktkgkhOgogogoggoogogogogoggigggiigiggo9
TommylomGD this is so sad
11:30 in which timezone tho? The world doesn't revolve around just you mate
How to become a millionaire owning airline? Be a billionaire first
But if you're a Billionaire then you're not a Millionaire.
Rivers Bliss pretty sure he means to
You gonna spend so much you become millionaire
Richard branson 😉
@@RiversBliss r/woooosh
Wait, so they get LOTS of LOSS to be a millionaire?
Had to subscribe. Just incredible. Keep the Airline, Airport, Aviation, Aeroplane videos coming man
I am glad you covered retail. I tried to open an airport shop and the fees and percentages I had to pay to the airport was onerous. It killed the project in the crib.
What did you try to open? And what sort of numbers where they throwing around mine me asking?
Tell us the details
We need details
Wouldn't you recover the money from airport passengers??
All airport shops are making money .
Swaziland isn't called Swaziland anymore, It's called eSwatini. They changed their name recently
MuffinatorXII geografy now?
The E in that case means "the" so your kind of saying the land of swazis
What are you on about?
Hesusio
Thats actually really old in the Nguni languages. Long before the sperm used to make steve jobs was itself born
It's not a case of iLand, though - the actual name begins with the S and is therefore capitalised like all proper names in English, and the e- is a prefix, a very common thing in Bantu languages. It may _look_ like it's ripping off Apple but it's really not.
That said, people can still call it Swaziland. There's no obligation to use the official name. Many people say "Holland" for the Netherlands or "England" for the UK (yes, people do that, whether you like it or not ;) ), and will continue to do so.
Thanks for sharing! Your channel has become one of my favorite. Transportation logistics sounds promising given the increasing traffic volume and desired speed. I have always been fascinated by cars/planes/train growing up. As a CPA, maybe one day i will pursue a different career in this field.
Sam, you've killed it again. Great video learned a bunch. Always wondered why it costs me $350 in taxes to fly from US to LHR even when using miles. Looking forward to the next video
Hey Sam - this video got me thinking - could you do a video on how Duty Free works, whether it's worth it, and how much airports get from it?
Basically economics of duty free and how it works
They work by don’t have to pay tax on their products but still charge you not that much cheaper than in town plus a monopoly within a locked building?
So how do you make so many great videos so quickly? Black rituals?
Salokin Squarespace obviously
He sacrifices actually good DC movie scripts, this is why DC lags behind Marvel. 😎
The Man From Krypton Hahahahahaha
The Man From Krypton DC is not lagged behind, just it's best Directors weren't in present while Justice league and such were made. (You know, someone like Nolan or every director that can make it)
Together with Real Engineering they basically just rewrite scripts and make it a new from a new angle. Airports, airplanes, airspace, borders, air traffic. I think I will unsub. Good luck though with the channel.
Excellent video. Very instructive. I am showing this video in my class for Business Students. Thanks a lot
Love this video! Quick note on internal UK flights, there’s no way the majority want more internal flights I think. E.g Flying to leeds via heathrow would take 4 hours door to door for me living in london vs 2.5 hours by car or 2.5 hours by train and about 2x cheaper (just $30-45 for either). But even longer travels, e.g flew to Scotland last year then got the train back. Train was faster, more comfy and cheaper. The UK is so small & train network so connected (even though we complain about it) that internal flights really have almost no demand vs international.
The thing is, the fact of the matter is that people don't need to fly around in the UK. It isn't a huge issue to have the main airport of the country to be poorly connected. The UK is small. It isn't like the US. It's easy to get a train or car to other places in the UK quickly. Likely quicker than getting a plane.
And cheaper, flying Norwich to Manchester is over £200 return, driving cost about £60 in petrol.
And there are other airports serving London. One is actually only 6 miles from the centre!
Tony Lohi Brexit was a bad idea. The UK, if they wanted to leave the EU so bad, should've negotiated to stay in the EEA at least
Tony Lohi you guys get decent pay than here. McDonald’s wormer makes 20USD whereas in the actual US you’re lucky to make 10USD.
Lmao it's not £200 return its £100-£110 return, you probably read £100 and thought that was one way. I can fly from Belfast to London for £80 return, there would be something wrong if you were paying £200 return for bleeding Norwich to Manchester, are you the fucking only person on the plane fam? LMAO
The amount of research that would have gone through making this video is simply jaw dropping.. Stunning work..
Dude.. really thankful for this beautiful and informative video and channel. I regret the time I didn't spend on your channel. I wish you get more views and advertisement money to keep this running and make money off it. Cheers from India!
Love the video especially because Heathrow is my favourite btw they're planning on opening a new terminal (Terminal 6) to increase the amount of flights per day. I think a plan lands or takes off about every 45 seconds so they're trying to add another terminal to increase their profits rather than depend on airlines to build larger plans with a great capacity but other than that love the video man.
Before watching, I'm going to guess that it's by charging $20 for a sandwich.
Just wait soon airports will start selling loot boxes 👌😂
might as well just allow casinos into airports then
I think I saw a casino in Johannesburg airport already. Never been in Vegas but I would bet there is in McCarran too.
dexter9313 yep there is lol
Lootboxes with airplane tickets in them, sounds like a plan.
So how about Casinos in the airports, and a bonus loot-box you can buy along with your ticket? There'll be a Bronze, Silver, or Gold loot-box that you can buy depending if you're in Economy, Business, or First Class respectively. Bronze loot-boxes would like guarantee you an overhead bin spot or have a chance to move you up in the seating aisle or perhaps even a cabin upgrade. And similar ideas for the business-class and first-class peeps (whatever they would want, I don't know though ;] )
Here in London UK. Stanstead Airport now charge £4 pounds just to drop someone off outside the terminal. Which is limited to 10 minutes. Greed has no limits. Don't use Stanstead Airport if possible.
That is ridiculous , that should be free
I like capitalism and all but what the fuck?
Love your aviation video series!!!
Shopping at the airports, biggest scam ever. Even while they say tax-free it's still overpriced, do some internet research and you get 90% of products cheaper :-/
That's a no-brainer. Almost everything outside of the airport is $5.00 cheaper but the airport gets you by displaying things you wasn't thinking about bringing with you on your flight.
FSXNOOB - GᗩᗰᕮS & ᗰOᖇᕮ That’s why smart people don’t shop at airports outside of buying food.
The prices are there, displayed for you too see.
You choose to buy or not.
Why is it a *scam* ?
João Passos cuz people changed the definition of scam lol
I have no problem with most of the overcharging in airports, you can make your own choice if you want to buy or not, however, there is one type of product where you have no choice, drinks, hence I think all beverages should by law be mandated to be the average regular price of retailers in the local area as a maximum. Since we can't bring our own beverages through security, it's an effective subsidy of stores behind security.
Mate, there's almost no point doing domestic flights in Britain. Most place are close enough to drive.
Yeah right, have you seen the train prices here? They're fucking criminal!
Well, if I'm a tourist I would rather not to drive cuz of the pilot's side change on cars and so.
Driving is for peasants. Shut up peasant.
he's also not mentioning the fact that heathrow is not the only airport serving london..
@@XBarajasX Driving on the other side isn't much of change as you might think. You just need to think a little more rather than just instinct at first. After a bit you will get used to it.
This is my first video ever on this channel and its AWESOME....one of the best video..got to know how airports are actually operated..
Amazing video. Very informative and very crisp.
Nothing pisses me off more than the compulsory detour through duty-free.
It's a very European thing it seems. American airports generally don't do that but due to the immense space they take up by them get you to buy things with their long walk to the gate.
Duty free at an airport may well be free of duty, but it is certainly not free of profit,. It can be, and often is, a false economy.
Fly through or into Las Vegas. I haven't flown through their international departures area, but getting to most all gates you will pass slot machines. Most gates, waiting areas, smoking rooms, and even baggage claim have slot machines.
Ironically, if you do play and forget to redeem your gaming voucher the airport and state of Nevada laugh to the bank. 60% very unclaimed slot voucher in Las Vegas goes to the state, 40% for the operator.
That_llama_in_a_tuxedo In America, it doesn't make sense to have a duty-free store unless it is in an international departures area/terminal. I assume duty-free is popular since many fly within the Eurozone. They would have a higher amount of passengers flying internationally.
Even if an airport is considered international in the US, it might not make financial sense to have duty-free since the ratio of domestic flyers to international travelers is much lower or even non-existent.
Biggest trend in the US right now is getting the city's best restaurants and their local sport teams to open a location in the terminals.
they have it in Delhi too.. i just ignore it cus nothing I can afford
of course there will be another wendover video about airplanes..
this guy is fixated with these planes
Don't you know? It's a fetish he has.
I thought it was about airports
but thats a good thing!
This is an amazing channel to understand airlines business love it ☁️
8:00 note that London has ~6 airports surrounding it. If you want to travel to a destination on a smaller plane, Gatwick airport is likely a better bet, and there is also London city or Luton for more destinations. There are even more further out
They let planes land on them
TRYCOLD I WANNA SEE THAT FUCKING ZOMBIE VIDEO BEFORE I DIE STOP WATCHING MR. TOYOTA COROLA MCSKILLSHARE AND GET TO WORK.
Thanks
Hi
No shit
actually its called rent.
I thought it worth mentioning that instead of short haul flights going to Heathrow, they instead are routed through Gatwick airport, which is primarily a domestic and Europe focussed airport. Most people in London know that if you're going long haul, you're going through Heathrow, short haul, through Gatwick.
2020 : How Airports Survive.
I'm interested by the point you made about the retail stores giving a "cut" to the airport they're located in. While this may definitely be the case, its more likely that the bulk of any money the airport gains from these stores is actually via the store paying rent.
They certainly make money from me when I'm traveling for work. Reimbursed meals, baby!
Who pays for your meals, if you don't mind my asking? Aren't you a self employed CZcamsr?
Deus Ex Machina no, I wish! I don’t make any money from my channel yet. Not even monetized. I work full-time.
I’d have a lot more videos out if I did YT full-time!
Incredibly interesting! Great video guys!!!
I live right near Stewart International Airport in New Windsor, NY. Or as you called it "Newburgh Airport". And yes National Express had more carriers leave than come in at that time, so they sold their lease to NY/NJ Port Authority. They also own LaGuardia, JFK, and Newark Liberty.
Narita Tokyo is my favourite for food and shopping, I always end up filling my bags there. Being from the UK, I've been to Heathrow millions of times. In the case of national travel, most people use trains here as its so much easier and no hassle with customs etc. so it probably would not be useful for Heathrow in have more UK destinations
I viciously oppose shopping at airports.
I even bring in empty bottles through security so that I can get my own water for free!
...I only bought Lego one time.
you were made for Ryanair and WestJet lol
I mean.... everyone should bring an empty bottle when travelling. Just think of how many plastic cups we can save per flight.
Matt Roszak thanks for your awesome games!!! *intense Epic flashback :D
CZcams is a strange place, here I am watching a video on airport economics and I bump into my favorite indie game developer.
Hey! My childhood was awesome because of you! Love you man! Weird seeing you here.
This channel is one of the best on CZcams!
t
Tru
You need to watch more channels
Nah, HAI is better.
you're gaining momentum Wendover Productions! Thanks for all the informative videos sir (Y)
For anyone interested, there are a lot of airports that are public companies, which publish financial updates regularly. List isn't short: Fraport (Frankfurt), Aena (Spanish airports), ADP (Paris), Flughafen Wien, Flughafen Zurich, Airports of Thailand, Sydney Airport, Auckland Int'l Airport, Shanghai Int'l Airport, Beijing Capital Int'l Airport, Malaysian Airports...
Damn the moment I subscribed and clicked the bell icon, and right after I finished your video about Airport Security, you upload this
Perfect timing
I think the fact Amsterdam has more UK airport destinations than Heathrow is because no one will travel by plan in the UK when its faster by train. No one will fly from Heathrow to Bristol, Birmingham or Norwich as trains are faster, and less of a pain (no security, check - in and all of that) so trains are easier. But you can not get a train direct from Amsterdam.
In theory, but remember the extortionate train fares in the UK...
Not when you know what you're doing. If you book in advance (like you do with planes) you can get to the locations said for under £10. The Anytime and Off-peak tickets are high in prices but I'm sure if you can buy plane tickets with the same amount of flexibility they hold then they would cost more than the train.
Unless you want to pay £100s, you have to book about 3 months in advance, which is very inconvenient for quite a lot of people. You can't just hop on the train and go round the country, that's why we have a burgeoning and overstretched road system. Privatisation may work for Heathrow but not UK railways.
I don't know where you're getting these figures from. 11 days ago I had to travel from London to Birmingham during the morning peak (0723 was the train I got) and the night before I bought a first class single for little over £30. I'm looking on my app and for tomorrow Mid-day and the cost for any of those destinations is £28 (still all advance fare bucket). But if you did just turn up at the station demanding an anytime ticket it would cost £105 for the most expensive destination.
And we can just hop on the train and go round the country. I do it all the time without touching a car (or any road transport thinking about it).
(I don't think I talked about privatisation but) it probably would work. The conservatives privatised it back in the time of the iron lady but now the conservatives want to take over GTR.
WoW, honestly, although on my master in a business related subject, I never noticed how complex the airport business is. I always try to analyze how a business makes a profit when I'm in the area, but never did that to airports! Next time I know how I'll spend my usually 1 hour wait at the airport and will even save some money trading buying things to acquire knowledge. Great video!
In Mexico, we pay a fee additional to all flights called TUA, which is a fee for using the airport. Airlines offer very cheap flights but they disclose how much every airport charges for TUA and then it becomes expensive
By charging ridiculous prices for food.
Alex Turlais $5 water
I know it’s not possible for you to upload more because the quality and informative nature of your videos makes it hard . But I truly enjoy every second of your videos.
For me this channel is Michael Jordan of CZcams.
Thank you 🙏🏼
Paine Field/Snohomish County Airport in Washington will be the second commercially run airport in the US that is privately operated (in addition to Branson) when the terminal opens this fall.
I love your videos!! Thank you for making such interesting content👏🏾
Manchester, Stansted and East Midlands are owned and operated by 'The Manchester Airport Group PLC' which is listed with Companies House as a Private Limited Company i.e. they are not state owned
I think a video about Frankfurt Airport would be quiet cool! Why it is located so perfectly for European flights etc... Keep up your work!
Branson is one of two privately owned. Second in the US is Palm Springs, CA. Great video!
Excellent video and background info. Thank you. Is there a global list of airports which make money/loss?
Just out of curiosity, whenever you're doing research for either this channel or your other one, where do you find some of this esoteric info?
The numbers the companies know are often incorrect and the numbers they publish are not precise. It's mostly guesswork.
It's not guesswork. You can easily get a hold of the airport's balance sheet, income statement, and cash flow
Most are state owned so they have to report yearly what they have done with the taxation money.
You can read them. Warning it's really really boring for most of the people.
I believe in the UK all public limited companies and private limited companies have to publish their accounts publically.
Heathrow Airport financial report is available online, along with a plethora of research papers and articles on airport profitability. I wrote a paper on regional airport profitability not too long ago and can agree with a lot of what he says. There are studies which suggest a correlation between profit (EBITDA-margin) and pax traffic
Which city is more important and has a better future?
Falmouth (Cornwall, England) or Eupen (Liège, Belgium)?
These videos are so interesting. I'm from the Philippines and recently (as in just yesterday) our airport (used to be one of the world's worst airports) had many flights delayed and diverted because of an aircraft skidding off a runway. I wonder what else happens during these times and what are the incurred losses of an airport? A video would be fun!
I fly fairly frequently, and usually have a 1~3 hour layover in Las Vegas or Denver. I would gladly buy a nice lunch, souvenirs, etc., IF the prices were even remotely reasonable. But they aren't. I look around, see the obscene gouge for what it is, and 'clam up' immediately.
How amazing, he uploads
Yes! A plane video!
‘‘Tis video is extremely interesting... i work in aviation and this perspective on the financials is really cool
Newcastle International Airport in the north east of England charges £4.00 just to drive in , drop off and drive out. The bus layby which is 300 yards from the terminal building, but on the road just outside the airport grounds is free, apart from "No Parking" lines on the road surface so most cars drop off at the bus layby, much to the annoyance of the bus drivers .
Wow, another great video in a short amount of time? How do you this?
People in the UK do not necessarily want domestic flights throughout the country, remembering that the country itself is so small. This means that it is much faster to travel via car, coach or train rather than air. Personally I have never considered- and know no one who has- a flight from one UK city to another
Great video by the way
I sure have spent fairly long layovers at Heathrow and it really does encourage you.
Would you ever make a video talking about what happened to CVG in the early 2000’s? I feel like it would be interesting.
No wonder why plane tickets are so expensive, everyone is trying to get a piece of the action.
Another quality video from Layover Productions
i really like heathrow airport, the way terminal 2 and 5 are build is just superior to other airports. it is very clean, there is more service staff around than in any other airport + it is very very well organized.
Sam Denby of Wendover - I can't believe you're just 20 years old man!! Brilliant work.
Thank god it's about airplanes again! You already got me worried😌
Heathrow is 1 of at least 4 that can be used for travelling to/from London, much as it was the case (no longer I think) in Tokyo with Narita as the international hub and Haneda as the mainly domestic one. It is also quite busy and can't handle many more flights without the need of expanding, which as you point out in case it is considered (I don't know if it's even physically possible but lets assume it is) it will be looked from the business perspective.
Got to remember that you also have london Stansted airport and Gatwick Airport relatively close by as well to meet the domestic demand
Isn't that the the reason London Gatwick exists? (for Domestic flights?)
And there is not really much point in making flights to all UK airports from Heathrow when many other airports in the UK are really close. Apart from flights to Scotland or NI it's probably easier to take a train/car.
But it is sometimes cheaper to fly via some other country then go by train. And sometimes cheaper then driving.
That's true but because it would take a lot longer due to going through security and waiting for your planes, and you can only bring a limited amount of luggage; it would be a lot less hassle to get a train or drive, even if it was more expensive.
You will be doing that at Heathrow anyway so might as well use a local airport like Bristol airport and fly to a hub like Dublin or Amsterdam.
Gatwick doesn't have all that many domestic flights. It has quite a lot of long haul and European flights. Might be a better airport to connect to from a domestic to long haul though. Typically in the UK, as it isn't that big, people will drive a long way to get to a major airport for a long haul flight while using their local airport for short haul. There are also a few long haul options spread out over the country, like Newcastle, Glasgow or Manchester. Often you can fly from one of those to Dubai or New York and connect from there. Added to that many domestic flights are by low cost carriers who don't do connecting flights, so you would have to reclaim baggage and check in again and have no protection from delays.
Also planes have to pay a landing fee, when I do flight lessons it cost us $17 to land our PA-28
Very detailed video. Love it
Heckin love flying into and out of Heathrow. Flying in, customs is efficient then u can get to anywhere in GB via the tube into kings cross. Flying out of Heathrow has a lot of food and decent places to sit. Overall, a heckin nice airport
Correction: How Heathrow Makes Money
This applies to most airports in the world, so
Correction: How airports make money