A streamlined financial risk analysis for airports: case study of an airport disruption

Aviation is an industry where continual risk assessing is paramount. Furthermore, the continued enhancement of technology and procedures makes it one of the safest modes of transportation. Although primarily analysis of hazards is against safety and security, the current economic situation together with fierce competition between airports, airlines and other aviation stakeholders make it necessary to develop new ways of assessing risks. It is clear that a single unforeseen event can result in the total collapse of airports and airlines and, because of the severe impact, appropriate control measures should be implemented and continuously monitored. The necessity to enhance the current risk assessments to include monetary values as an additional variable is discussed in this paper through a business case study. In the paper the authors consider an airport closure after a fatal aircraft accident as the worst case scenario.

Language

  • English

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Filing Info

  • Accession Number: 01690662
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 27 2018 3:03PM