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FORECASTING AND ECONOMICS
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Forecasts of passengers, cargo, and aircraft operations are the foundation of airport financial and physical planning. LFA's economics and forecasting consultants have prepared forecasts for hundreds of airports, including notable airport megaprojects such as the new Denver International Airport; the new Hong Kong International Airport at Chek Lap Kok; and the new Incheon International Airport in Seoul, South Korea. Using computer models, regression analysis, experience, and judgment, we relate aviation activity to population and economic trends in an airport's service region as well as to national and international influences. Using our extensive in-house databases and databases from recognized external sources, we analyze the key factors that affect the demand for airline travel, such as competitive airline service, route networks, airfares, and global alliances; and changes in technology, such as videoconferencing and high-speed rail. Our models are also used to relate changes in annual demand to peak-period demand on airside and landside facilities, including analyses of gate occupancy by time-of-day. We evaluate the economic benefits of proposed airport improvements in relation to their costs. We also conduct surveys of airline passengers, airport tenants, and other stakeholders to support forecasting, economic, and planning studies and we assist our clients in evaluating the risks associated with the forecasts. To support airport marketing efforts, we analyze market and route profitability. Several members of our staff have held positions in route planning and pricing at major airlines. We have developed and maintain several worldwide databases in-house, including passenger trip rates by country, effects of low-fare and startup airline service, airport gate utilization, airline fleet evolution, and regional jet service.
Services
Representative Projects
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