Airport Pro Forma
Infrastructure Excel Template (Free Download)
Project airport concession revenue, operating costs, terminal capex, debt service coverage and investor returns over a long-tenor plan.
professionals from Deloitte
About this pro forma
The full airport Excel model separates aeronautical revenue such as landing fees and passenger charges from retail, parking, lounges and concessions. Passenger growth, airline mix, concession sharing, operating costs and terminal capex feed project cash flow.
The pro forma gives developers, lenders, concession sponsors and investors projected revenue, margins, coverage and returns. Test passenger growth, commercial spend, capex timing and debt terms.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Airport Pro Forma
- Passengers by airline and route with growth projections
- Landing fees, passenger charges and aeronautical revenue
- Retail, F&B, parking, lounge and concession outputs
- Concession revenue-share and operating-cost projections
- Terminal capex, depreciation, debt service and DSCR
- Project free cash flow, DCF, equity value and returns
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What revenue is included?+
Landing fees and passenger-linked charges are projected alongside retail, parking, lounge, food and concession revenue.
Can I model concession economics?+
Yes. Commercial revenue and concession shares can be flexed independently from aeronautical revenue.
What passenger growth should I use?+
Use historical trends, airline plans and regional GDP as anchors for mature or emerging-market airports.
Does it show debt coverage?+
Yes. Projected operating cash flow, debt service and DSCR are included for financing analysis.
Have more financial modelling questions? Contact us
Related pro formas
Port Pro Forma
Container throughput, terminal operations, revenue, and profitability for port and container terminal operators.
Toll Road Pro Forma
Model toll road cash flows, traffic demand, toll rate escalation, and debt service with concession life assumptions.
Rail Concession Pro Forma
Passenger and freight revenue, operating costs, capital investment, and concessionaire returns for railway projects.
Fibre Network Pro Forma
Capital and financial model for fiber optic network buildout with capex, subscribers, and ARPU.
