Torsten Heid - course instructor for Airport Council International
In June 2014 our managing director Torsten Heid will support the Airport Council International and teach a course in Air Traffic Forecasting.
The course curriculum will include: explaining forecasting air traffic development, interpreting existing air traffic forecasts, understanding the different data sources including MIDT, analyzing past trends and developing forecast assumptions, splitting traffic by market segmentation (coupon, true), shot, medium and long term forecasts (annual and monthly), bottom up and top down methodology, building scenarios and sensitivity tests.
Further Information out of the ACI Global Training Newsletter:
Predicting the future is both an art and a science. Air traffic forecasting can comprise everything from the most sophisticated mathematical models to more qualitative assessments of the future. Whatever the approach the forecaster chooses, air traffic forecasting should be evidence-based with a firm grounding in existing traffic trends and the interplay among other economic phenomena such as airport/airline capacity, tourism and socio-economic trends.
Air traffic forecasting serves as an essential tool for airport managers, analysts and planners in navigating a strategic path in an uncertain world. For instance, the ability to understand and predict the demand for air travel is vital for planning for the necessary infrastructure and capacity required to accommodate future traffic.
This training course has been designed to give essential guidance to airport managers and staff on interpreting air traffic forecasts through the use of different techniques, as well as encapsulating these techniques’ strengths and weaknesses. Using a combination of theoretical models and case studies, you will better understand the key economic and industry drivers, the data available to forecasters and the various forecasting techniques.
In order to ensure a practical link to the real world, we will examine case studies from various types of airports: those that serve as gateways to tourist destinations (e.g., Malta), major international airports that serve as connecting hubs for traffic (e.g., Frankfurt Airport) and peripheral airports (e.g., London Stansted).
If you are interested in further Information or in attending the course, follow this link here.