Airports in focus

A strategic outlook for the aviation industry
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Schiphol Amsterdam Airport as sunset

Airport success is no longer defined by passenger growth alone. In this State of the Industry report, Geopolitics, regulation, infrastructure constraints, and changing passenger expectations mean success increasingly depends on the ability to deliver predictable journeys, stable revenues, and resilient operations.

As a result, airports are reshaping how they plan, invest, and operate.

Drawing on an industry survey from airport executives from airports around the world, in-depth interviews, and NACO’s inhouse expertise, our State of the Industry report: Airports in focus – A strategic outlook for the aviation industry 2026 looks at the current operating environment, the challenges, opportunities, and evolution within the airport sector. 

The defining questions shaping the future of airports

Are airports ready for shifting passenger expectations?
Where are the inefficiencies impacting airport operations and performance?
How can airports manage ageing assets? 
Which strategies help airports stay financially resilient?
What can we learn from airports that are successfully adapting to change?

Thorough analysis of five strategic dimensions

An airplane flies part an airport control tower

Geopolitics and regulation

Uncertainty and shifting expectations are long-term features in the airport sector
Top view of airplanes at an airport

Infrastructure

Airports must balance airport expansion with better use of existing assets and improved airport resilience
A busy airport terminal

Finance

Airports face a more selective capital environment, investment credibility, diversification and affordability are key
Airport control tower employees working

Operations

Airport strategies must focus on ecosystem orchestration
Woman enjoying the view at Changi International Airport

Customer experience

Airports must reduce journey friction whilst creating usable dwell time and commercial value.
Esther Kromhout Managing Director NACO

Airports that treat uncertainty, resilience, sustainability, and passenger experience as interconnected system challenges will be best placed to capture growth and maintain public, passenger, and investor confidence.

Esther KromhoutManaging Director, NACO

Expert analysis for the airport sector

Passenger numbers have returned to pre-pandemic levels, but airports continue to face rising costs, regulatory pressure, and operational demands. To counter this, airports are increasingly embracing the value of improved orchestration across the airport ecosystem, innovative commercial development, and diversified financial strategies. 

With survey responses from airports in varied geographical locations, levels of maturity and passenger throughput, Airports – A strategic outlook for the aviation industry, is both a snapshot of airport industry trends in 2026 and a guide to the future of the sector. Essential reading for anyone building an airport strategy or managing airport resilience, the report provides actionable insights into opportunities for airport operations and performance. 
At a glance
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NACO Airports in focus cover page
Volatility graph
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Financial recovery graph
Operational performance graph
Customer experience graph
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NACO Airports in focus cover page

How does your airport compare?

Take off with insights from our global survey and detailed analysis from our in-house experts, as we explore the challenges and identify the opportunities facing the airport sector.
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