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?The BAA group is the leading airport management company in the UK, managing six of...

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Accounting

?The BAA group is the leading airport management company in the UK, managing six of the countries airports, including London Heathrow, one of the world's busiest airports.

-The company is engaged in all aspects of airport operation, including passenger security, retail and baggage handling. The company generates revenue from some of these sectors, but the key revenue source is the passenger charge levied on each passenger using the airport.

- These charges are approved by the Civil Aviation Authority and are currently agreed at 12.80 in 2017 per customer plus an increasing index of 0.12 adjustable yearly.

?For the year ended December 2017, BAA reported passenger numbers at 8.2 million for all its airports, approximately 105 million of which relates to revenue. Flight passenger numbers have faced several setbacks in past years. Terror attacks in 2001 reduced numbers globally, and 2010 volcanic ash caused disruptions across Europe.

?Use the historical information/trend of passengers and additional information in preparing Budgeted income for 2019.

?Trend of passengers over the years

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