What comes after conducting a market analysis in airport development stages?

After conducting a market analysis in the context of airport development, the next step is developing a pro forma. This is a crucial process where projected financial statements are created to estimate future revenues, costs, and profitability based on the data gathered during the market analysis. The pro forma serves as a financial roadmap, helping stakeholders understand the economic feasibility of the project, including capital investment required and potential returns.

This step is essential because the insights gained from the market analysis will inform the assumptions made in the pro forma, such as expected passenger volume, revenue streams (like concessions and parking), and operational costs. With a detailed financial plan in hand, airport planners and stakeholders can proceed to the next stages of development with a clearer understanding of the project's viability and financial implications.

The development of an operating plan, construction of the facility, and negotiations with airlines are subsequent steps that would typically follow the pro forma development, building upon the financial groundwork laid earlier.