Transport · Airports

What flows through an airport, and how it pays

Watch two-way passenger and aircraft traffic circulate the airport, then see how that throughput converts into annual revenue and EBITDA, and ultimately into asset value. Adjust the drivers: the flows (per-year cash) and the stocks (occupancy and valuation) respond live.

6m
£8
£10
LIVE
Departing pax car → shops → gate Arriving pax gate → concourse → kerb Aeronautical £ Commercial £
Flows, annualised from current assumptionsper year
Revenue p.a.
£0
£0 / busy hr
EBITDA p.a.
£0
0% margin
Revenue / pax
£0
blended yield
Passengers p.a.
0
0 / busy hr
Stocks: what the flows accumulate intolive
Pax in terminal now
0
live occupancy (inflow × dwell)
EBITDA banked · session
£0
accumulating in real time
Implied enterprise value
£0
at 18× EBITDA
The two tills: where revenue comes from Total £0 p.a.
Aero
Commercial
Why investors watch the split: aeronautical charges are capped by regulators; commercial income is largely unregulated and far higher margin. Lifting commercial revenue per passenger is the core value-creation lever, and it flows straight through to enterprise value.
Revenue streams£0 p.a.
Operating costs£0 p.a.
Investment case: should you buy it?DCF returns

Year-1 financials flow live from the simulation above: revenue £0 and EBITDA £0 p.a. Set your deal terms below; the unlevered IRR (asset return) and levered IRR (return to equity, after debt) recompute instantly.

Operating

%
%
%
%
%
%

Valuation & hold

×
×
y

Financing

×
%
%
Unlevered IRR
—
asset / project return
Levered IRR
—
return to equity
Equity multiple
—
MOIC over hold
Equity gain
—
exit equity − invested
Equity cash-flow profile£m · ■ invested   ■ returned
Projection, £m per year

Illustrative model. Annual figures assume ≈18 operating hours × 365 days. EBITDA = revenue − operating costs. The investment case is a simplified DCF: unlevered IRR discounts free cash flow to the firm (EBITDA − cash tax − capex) plus an exit on the EV/EBITDA multiple; levered IRR is the equity cash flow after debt drawn at entry, interest and amortisation. Excludes transaction costs, working capital and refinancing. For illustration only, not investment advice, and not any specific asset.