When Geography Plays A Part: JFK’s Dilemma
It seems that even the most mature markets are capable of a growth spurt.
Asset utilisation has been a buzz word for airlines in recent years, getting as many hours flying on an aircraft as possible, pushing productivity to record levels and running an efficient business operation. For airports though that isn’t quite as easy, especially when geography plays a part in where you fit in the market and the opportunities.
The planned US $13 billion redevelopment of New York JFK has started with a planned completion by 2025 at which point two new international terminals will have been constructed and four million square feet of space created. All very much needed as any traveller via JFK will know but how effective is the airports utilisation at the moment?
Using the OAG Bank Structure report, we ran a comparison of the number of scheduled passenger movements at JFK against some of its peers, including Los Angeles, Chicago, Atlanta and Houston.
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