Economic effects and costs of a temporary shutdown of an airport
Faculty of Applied Economics
Proceedings of the WCTR 2013 Conference, the 13th World Conference on Transport Research, July 15-18, 2013 Rio de Janeiro, Brazil
University of Antwerp
Airports are crucial nodes, ensuring the economic activity in a region. This paper reports on the direct and indirect effects, and the corresponding costs of a temporary shutdown of an airport. Airports can be shut down for several reasons and this can have major effects on different stakeholders. Therefore, this paper offers an analysis of the shutdown issue. This analysis allows stakeholders to prepare themselves in case a shutdown occurs and/or to take measures on a short notice. To identify the effects of a shutdown of an airport, first, an overview is made of all possible causes that can lead to a temporary shutdown. Second, a typology is set up, including possible implications for each type of disturbance as well as a set of relevant stakeholders. Third, an overview is made of all possible effects, including the valuation of these effects and an assessment of the possible economic loss for each possible effect. Different scenarios are employed. Fourth, the theory is applied on a case study at Brussels Airport.