The Australian Airports Association (AAA) asked HoustonKemp to undertake an assessment of the extent to which the pricing of aeronautical services provided by four airports – Sydney, Melbourne, Brisbane and Perth – that are the subject of the airports price monitoring regime administered by the Australian Competition and Consumer Commission (ACCC) can be said to reflect the exercise of any market power.
Our analysis involved the estimation of a benchmark rate of return for an Australian airport and the return on aeronautical assets for each airport in each year during the period from 2002 to 2017.
This report was requested by the AAA as part of its submission to the Productivity Commission’s review of the performance of the regulatory regime for airports over the twelve months commencing late June 2018.
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