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Airport business interruptions: Developing and applying a scheme for the estimation of resulting cost impacts

Maertens, Sven (2013) Airport business interruptions: Developing and applying a scheme for the estimation of resulting cost impacts. Journal of Airport Management (4), Seiten 375-398. Henry Stewart Publications. ISSN 1750-1938.

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Kurzfassung

Even short interruptions of airport operations can have severe financial impacts on the air transport industry, its users and other economic sectors. Some interruptions are limited to single airports (eg infrastructure failure, fires or severe weather events) while those forcing the closure of airspace (eg airtraffic control strikes or volcanic ash) can result in the simultaneous closure of several airports. A systematic assessment of the potential types and economic impacts of interruptions is a fundamental step for risk management towards setting up and implementing business continuity strategies and plans; however, interruptions at airports have not yet been systematically dealt with in the scientific literature.This paper aims to be a starting point towards filling this gap. First, the different types of airport closures are classified by various characteristics, such as type of damage, responsible entity and liability. Secondly, a straightforward scheme is developed for estimating the potential losses due to airport closures from both the airline and airport perspectives. Using a sample interruption scenario, this paper finds that for the airport operator, one day without any services means a loss of 88 per cent of daily revenues, which is not compensated by any noteworthy cost reductions.These results and forthcoming work in this field not only might help airports and airlines to define their needs for business interruption insurances, but also could form the basis for the assessment of the macroeconomic effects of interruptions and a quick estimation or verification of industry-specific losses from a bird’s eye perspective.

elib-URL des Eintrags:https://elib.dlr.de/84702/
Dokumentart:Zeitschriftenbeitrag
Titel:Airport business interruptions: Developing and applying a scheme for the estimation of resulting cost impacts
Autoren:
AutorenInstitution oder E-Mail-AdresseAutoren-ORCID-iDORCID Put Code
Maertens, Svensven.maertens (at) dlr.deNICHT SPEZIFIZIERTNICHT SPEZIFIZIERT
Datum:2013
Erschienen in:Journal of Airport Management
Referierte Publikation:Ja
Open Access:Nein
Gold Open Access:Nein
In SCOPUS:Nein
In ISI Web of Science:Nein
Seitenbereich:Seiten 375-398
Herausgeber:
HerausgeberInstitution und/oder E-Mail-Adresse der HerausgeberHerausgeber-ORCID-iDORCID Put Code
Moody, Darynhttp://www.henrystewart.com/airport_management/NICHT SPEZIFIZIERTNICHT SPEZIFIZIERT
Verlag:Henry Stewart Publications
ISSN:1750-1938
Status:veröffentlicht
Stichwörter:Flughafen, airport, business interruption, loss estimation, air transport, Betriebsunterbrechungsschaden
HGF - Forschungsbereich:Luftfahrt, Raumfahrt und Verkehr
HGF - Programm:Verkehr
HGF - Programmthema:Verkehrssystem
DLR - Schwerpunkt:Verkehr
DLR - Forschungsgebiet:V VS - Verkehrssystem
DLR - Teilgebiet (Projekt, Vorhaben):V - Projekt Verkehrsentwicklung und Umwelt (alt)
Standort: Köln-Porz
Institute & Einrichtungen:Institut für Flughafenwesen und Luftverkehr
Hinterlegt von: Maertens, Dr. Sven
Hinterlegt am:17 Okt 2013 10:17
Letzte Änderung:19 Nov 2021 20:37

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