Current accounts of Japanese airports |
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| Authors: | Kazusei Kato Toshiyuki Uemura Yuichi Indo Akira Okada Katsumi Tanabe Shinichi Saito Hitoshi Oguma Hirotaka Yamauchi Eiji Shiomi Madoka Saegusa Kazuyoshi Migita |
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| Institution: | 1. College of Economics, Nihon University, Japan;2. Kwansei Gakuin University, School of Economics, Japan;3. Japan Airport Consultants, Inc., Japan;4. Faculty of Environmental and Information Studies, Tokyo City University, Japan;5. Department of Commerce, Keio University, Japan;6. Institute of Transportation Economics, Japan;7. Hitotsubashi University, Graduate School of Commerce and Management, Japan;8. Faculty of Economics, Chuo University, Japan |
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| Abstract: | 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 subsidies. Airports with more than 5.2 million passengers are profitable when depreciation is taken into account, however most local airports have fewer than 2.5 million passengers. When depreciation costs are excluded, airports need at least 2.7 million passengers to be viable. |
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