Research and Markets: Airports Market Report 2013

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7lm4vf/airports_market) has announced the addition of the "Airports Market Report 2013" report to their offering.

This Key Note Market Report analyses the UK airports industry. In 2011, the market exhibited a degree of recovery following several years of decline as a result of the economic crisis. Growth of 4.1% was observed in 2011 in the number of terminal passengers handled at UK airports. Furthermore, while air transport movement rose by 2.2% over the year, the market for the carriage of freight via air declined, falling by 1.2% in comparison to 2010.

Over the last few years, the airport industry has changed significantly, largely as a result of a Competition Commission (CC) ruling forcing BAA Ltd recently rebranded Heathrow Airport Holdings Ltd to divest three of its airport holdings. As such, both Gatwick and Edinburgh have been acquired by competitors, and proceedings relating to the sale of Stansted Airport have recently been commenced.

Despite growth in 2011, the number of passengers handled by UK airports remains substantially lower than pre-recession levels. The majority of this decline is attributable to depressed international and domestic tourism, as a result of the global financial downturn and national economic recession. In 2010, this situation was exacerbated by a volcanic eruption in Iceland and the subsequent ash cloud that resulted in considerable delays and cancellations across Europe.

Future growth in the industry is also uncertain, due mainly to lack of airport capacity in the South East of England, with the three main airports in London Heathrow, Gatwick and Stansted approaching full capacity. With current Government policy rejecting an additional runway at Heathrow the most popular means of expansion among businesses and airlines many in the industry fear aviation companies will cease to focus on the UK, instead investing in other European nations where future, long-term capacity growth is ensured.

As the economic uncertainty continues both domestically and overseas, passenger traffic at UK airports is unlikely to experience any significant growth over the short term. However, by 2015, with macroeconomic factors improving, terminal passenger numbers across Europe are expected to exhibit healthy year-on-year growth.

Companies Mentioned

- Birmingham Airport Ltd

- Gatwick Airport Ltd

- Heathrow Airport Holdings Ltd

- Highlands and Islands Airports Ltd

- London City Airport Ltd

- The Manchester Airport Group PLC

- Newcastle International Airport Ltd

- Peel Airports Ltd

- South West Airports Ltd

- TBI ltd

For more information visit http://www.researchandmarkets.com/research/7lm4vf/airports_market