Beijing Capital International Airport

What Beijing Capital International Airport does

Beijing Capital International Airport (IATA: PEK, ICAO: ZBAA) is China's largest airport and one of the world's busiest, located 32 km northeast of downtown Beijing in Shunyi District. The airport operates Terminals 2 and 3 (with Terminal 1 repurposed as a Terminal 2 satellite in 2023) and serves as the primary hub for Air China and a focus city for Hainan Airlines, China Eastern, Sichuan Airlines, Shenzhen Airlines, Shandong Airlines, and SF Airlines. In 2025, the airport handled approximately 70.7 million passengers across 200+ destinations with 40+ airlines, operating below its 100+ million design capacity following the 2019 opening of Beijing Daxing International Airport.

The airport generates revenue through two principal streams: aeronautical (landing fees, passenger service charges, aircraft handling) and non-aeronautical (duty-free concessions, retail, dining, parking across 9,600+ spaces, and ground transport including Airport Express rail, shuttle buses, taxi, and car rentals). Long-term retail concession contracts were refreshed in December 2025, with China Duty Free Group taking over Terminal 3 operations (replacing Sunrise Duty Free Shanghai) and Wangfujing Group securing Terminal 2 operations through 2034, contributing to a reported 7% increase in duty-free revenue.

The operator, Beijing Capital International Airport Co., Ltd., is a publicly listed company on the Hong Kong Stock Exchange (ticker 0694.HK) under state-owned parent Capital Airports Holding Company. Following cumulative losses of RMB 39.5 billion from 2020-2024 attributable to Daxing diversion and COVID-19 impacts, the airport is positioned by sell-side analysts (Bank of America) as a turnaround play, supported by new CAAC-approved slots and refreshed commercial concessions. The business model is infrastructure-rent style: fixed-cost terminal operations monetized through per-passenger fees and concession royalties, with revenue predictability tied to slot allocation policy, airline hub commitments, and concession contract cycles.

Name

Beijing Capital International Airport

Legal name

Beijing Capital International Airport Co., Ltd.

Website

https://beijing-airport.com

Company type

Public

Founded year

1958

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Beijing Capital International Airport (PEK) is China's largest airport and a publicly traded operator on the Hong Kong Stock Exchange, serving 70.7 million passengers in 2025 across 200+ destinations as the primary hub for Air China and other major Chinese carriers.

Ownership category

akta.pro rank

Product category

Airport Operations

NAICS

Airport Operations (48811), Support Activities for Air Transportation (4881)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Airport Ground Transport Terminals (Rail/Bus/Coach) (THAIALAG)

akta.pro secondary industry

Airport Inter-Terminal & Landside Circulator Shuttles (THAIAFAI)

Keywords

• Airport operations
• Aviation infrastructure
• Passenger terminal services
• Ground transportation services
• Airport retail concessions

Headquarters

HQ city

Shunyi

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Others, Supply Chain

Revenue model

1. Aeronautical Revenue: Revenue from airline operations including landing fees, passenger service charges, and aircraft handling fees. This is the core aviation-related income for the airport.
2. Non-Aeronautical Revenue: Revenue from retail shops, duty-free stores, restaurants, lounges, parking, car rentals, and other commercial activities within the airport terminals. Duty-free revenue increased 7% from December 2025 contract.
3. Terminal Concession Contracts: Contract-based revenue from duty-free operators China Duty Free Group (Terminal 3) and Wangfujing Group (Terminal 2) operating retail concessions.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels3 records

Core offering

Beijing Capital International Airport operates passenger terminal infrastructure and aviation services at PEK in Beijing, functioning as the main international gateway and a hub for Air China, China Eastern, Hainan Airlines, and SF Airlines. It sells aeronautical services to airlines (landing fees, passenger service charges, aircraft handling) and on-airport commercial services to passengers and concessionaires, including parking, Airport Express rail, shuttle buses, taxis, car rental, and contracted duty-free and retail operations across Terminal 2 and Terminal 3.

Product overview

Beijing Capital International Airport (PEK, IATA: PEK; ICAO: ZBAA) is a major physical airport infrastructure operator in Shunyi District, Beijing, approximately 32 km northeast of downtown Beijing. The airport is the world's busiest airport and largest Chinese airport, serving as a hub for Air China, China Eastern Airlines, Hainan Airlines, and SF Airlines. The operational portfolio consists of three passenger terminals (Terminal 1 now functions as a satellite extension of Terminal 2), extensive parking facilities (over 9,600 spaces across four garages), multi-modal ground transportation including Airport Express rail, shuttle buses, taxis, and car rentals, plus retail and duty-free shopping operations. In 2025, the airport handled approximately 70.7 million passengers. The airport's digital presence consists of informational websites; no software-as-a-service products or developer APIs are documented. China Duty Free Group won the Terminal 3 duty-free contract replacing Sunrise Duty Free Shanghai Co. Ltd. as of December 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Terminal 2 Passenger Operations Operating passenger terminal 2 at Beijing Capital International Airport, primarily handling domestic and regional flights with terminal infrastructure, gates, and passenger processing capacity for hub carriers including China Eastern, Hainan Airlines, and others.
• Terminal 3 Passenger Operations Operating Terminal 3, the airport's largest passenger terminal and the main hub for Air China, handling most international and long-haul flights through PEK.
• Airport Parking Facilities (P1, P2, P3, P5) Four on-site parking garages offering short-term and long-term parking near all terminals, with over 9,600 total spaces (P1 ~700, P2 4,300+, P3 4,300+, P5 125+) and reserved accessible spaces for passengers with reduced mobility, priced per 15-minute unit with daily maxima.
• Airport Express Rail Service Fast rail connection linking Terminal 3, Terminal 2, Sanyuanqiao, and Dongzhimen stations in central Beijing, operating from early morning until late evening with trains approximately every 10 minutes at a flat fare of approximately RMB 25.
• Shuttle Bus Network Multiple airport shuttle bus routes (Lines 1–21 and nightbus express) connecting the airport with major districts, railway stations, and hotels across Beijing, plus long-distance coaches to cities such as Tianjin and Qinhuangdao.
• Taxi Services 24-hour licensed taxi dispatch from all terminals with metered fares averaging RMB 100–120 to downtown Beijing, including a 20% per-kilometre night surcharge between 11 PM and 5 AM, operated by licensed Beijing taxi companies.
• Car Rental Services Car rental facilities at Terminal 2 and Terminal 3 arrivals halls with providers including Hertz, Avis, Europcar, and Ehi Car Services, offering economy (200–350 CNY/day), mid-size (280–400 CNY/day), and premium/luxury (400–600 CNY/day) vehicles.
• Duty-Free Shopping (Terminal 3) Duty-free retail operations in the international departure areas of Terminal 3, offering perfumes, cosmetics, luxury fashion, wines, spirits, tobacco, Chinese tea, silk products, and local snacks, operated by China Duty Free Group.
• Dining and Retail Concessions (Multiple Terminals) Over 15 restaurants in Terminal 3 public areas plus numerous outlets after security across terminals, comprising international chains, Chinese cuisine, cafés, and specialty dining options operated by multiple concession partners.
• Lost and Found Services Lost property services available at Terminals 1–2 (phone: +86 10 64598333) and Terminal 3 (phone: +86 10 64530030), operating 24 hours a day and reachable by email at [email protected].

Quantifiable outcome

• 70.7 million passengers handled in 2025
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered moderate and core.

• FinnairmoderateGTM or Marketing Partner · 27 January 2026Finnish PM Petteri Orpo led a business delegation to Beijing including discussions with Finnair and Beijing Capital International Airport about adding flight frequencies on the Helsinki-Beijing route and reciprocal use of automated border gates for frequent fliers.
• China Duty Free GroupcoreChannel Partner/ Reseller/ Distributor · 26 December 2025China Duty Free Group won a contract to operate duty-free shops at Beijing Capital International Airport's Terminal 3, replacing Sunrise Duty Free Shanghai Co. Ltd. The company's shares rose after winning the contract.
• Wangfujing GroupcoreChannel Partner/ Reseller/ Distributor · 26 December 2025Wangfujing Group won the contract for Terminal 2 duty-free operations, set to run until 2034. Both companies faced financial declines in 2024, but shares rose after winning the contracts.

Scale indicators9 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Shanghai Pudong International Airport: Another major Chinese publicly listed airport operator (HKEx 600009) serving the Yangtze River Delta. Direct peer due to comparable scale, hub function, dual civil-aviation + non-aero revenue model, and similar state-owned parent structure.
• Shenzhen Airport: Major publicly listed Chinese airport operator (HKEx 000089) serving the Greater Bay Area. Direct peer due to comparable scale, hub role, aeronautical + non-aeronautical revenue streams, and Chinese-listed equity structure.
• Guangzhou Baiyun International Airport: Major Chinese publicly listed airport operator (HKEx 600004) and one of the three largest airports in China. Comparable in scale, hub function, and international/domestic traffic mix, with overlapping airline customers and duty-free concession structure.
• Shanghai Hongqiao International Airport: Secondary Shanghai airport focused on domestic and regional routes, operated by the same parent as Shanghai Pudong. Comparable to BCIA's domestic Terminal 2 function and provides reference for slot allocation, mix, and pricing in a multi-airport metropolitan system.
• Chengdu Shuangliu International Airport: Major Chinese hub airport serving western China with comparable international network and domestic hub function. Direct competitor for airline route allocation and a useful peer for benchmarking non-aeronautical revenue per passenger.
• Beijing Daxing International Airport: Opened in 2019 as Beijing's second international airport, directly competing with BCIA for airline traffic, slots, and passenger share. Operated by the same parent (Capital Airports Holding), but functionally a competing hub that has been the primary driver of BCIA's recent traffic losses.

Broad incumbents

• Incheon International Airport Corporation: Major Northeast Asian hub airport with strong international transfer traffic. Comparable in scale and hub role serving Northeast Asia, but operates with a far more international passenger mix and Skytrax 5-Star positioning. Useful for benchmarking service quality and non-aero revenue per passenger.
• Hong Kong International Airport (AAHK): Major Greater China hub airport with a more international passenger mix and benchmark service quality. Comparable in scale and hub function but not a direct competitor for BCIA's domestic traffic; useful for benchmarking per-passenger non-aero revenue and concession economics.

Regional players

• Singapore Changi Airport: Leading Asian international hub airport with Skytrax 5-Star rating and benchmark retail/duty-free performance. Operates in a different geography but is the standard for Asian airport commercial revenue capture and service quality, providing a key reference point for BCIA's long-term retail strategy.
• Tokyo Haneda Airport (Japan Airport Terminal): Tokyo's primary international and domestic hub airport, characterized by high non-aeronautical revenue per passenger. Different geography but operates a similar dual domestic/international hub model with comparable real estate-led commercial revenue strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pek
• Facebookfacebook.com/139603192724247
• LinkedInlinkedin.com/company/beijing-capital-international-airport

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beijing Capital International Airport