Traffic volatility is increasing pressure on airport operations as historical data has little value
COVID-19 has challenged airport forecasting and planning on an unprecedented level. With a solid methodology, the ability to produce new forecasts with a high frequency and to quickly translate these forecasts into operational plans, airports can overcome the challenge and ensure a successful recovery.
The ability to forecast traffic and size the operation accordingly will be the determining factor in a successful and financially sustainable ramp-up. An accurate forecast provides little value if it cannot be turned into operational efficiencies through optimized planning and execution. The forecast provides a foundational piece of the puzzle. However, to realize its full potential, it needs to be considered as a part of a holistic approach, closely linked with airport planning and operations.
In this final of three blog posts written for ACI, we will examine how the restart of aviation will impact the airport operations planning and the importance of agile traffic forecasting. Click here to read more.