Kato, Kazusei; Uemura, Toshiyuki; Indo, Yuichi; Okada, Akira - In: Journal of Air Transport Management 17 (2011) 2, pp. 88-93
The paper examines the current account of 41 major airports. When we exclude depreciation costs, only seven airports are profitable. When depreciation is excluded, only three airports are making profits. Airports managed by local governments are very difficult to sustain financially without...
