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.