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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/14152

Title: Analysing the financial performance of US hub airports in relation to lease agreement types
Authors: Richardson, Charles
Budd, Lucy C.S.
Pitfield, D.E.
Issue Date: 2014
Publisher: © Henry Stewart Publications
Citation: RICHARDSON, C., BUDD, L.C.S. and PITFIELD, D.E., 2014. Analysing the financial performance of US hub airports in relation to lease agreement types. Journal of Airport Management, 8 (1), pp. 42 - 56.
Abstract: This paper performs a cluster analysis to examine the financial implications of the different types of airline lease agreements used by U.S. hub airports. Four key financial performance indicators relating to financial profitability including revenue generation, capital investment, commercial performance and cost effectiveness are analysed using 2011/12 financial data for large-hub airports. The results show that while financial performance varies according to traffic mix, airports with the same agreement types are clustered together. The paper concludes by noting that airports’ control of their financial performance varies by agreement type and the identified clusters support the subcategorisation of airport performance indicators.
Description: This article was published in the Journal of Airport Management [© Henry Stewart Publications] and the website is at: http://www.henrystewartpublications.com/jam/v8
Version: Accepted for publication
URI: https://dspace.lboro.ac.uk/2134/14152
ISSN: 1750-1938
Appears in Collections:Published Articles (Architecture, Building and Civil Engineering)

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