Airports are becoming much more than transportation hubs… they're retail businesses. While landing fees still matter, a growing share of airport profits now comes from non-aeronautical revenue: duty-free shopping, restaurants, parking, and real estate. This chart shows where these revenues come from globally, with retail and parking each accounting for roughly a quarter of non-aeronautical income. For investors, it's a reminder that airport operators aren't just a play on passenger growth. They are increasingly monetizing every minute travelers spend in the terminal, creating higher-margin revenue streams that can grow faster than traffic itself. CEO Frank @bulldogholmes digs deeper in his latest blog post: https://t.co/hh8u5uP3g1