Revenue and Financing Alternatives for Medium and Small U.S. Airports in an Evolving Aviation Landscape

Airports in the United States generate significant economic benefits for their surrounding communities that often do not result in revenues to the airports. Medium and small airports in the United States typically rely on federal funding and conventional revenue models that may no longer be sufficient to support necessary maintenance and expansion, and they need to supplement their incomes. At the same time, the industry is evolving rapidly, creating new opportunities and challenges. The identification and generation of airport revenue streams and financing are essential to maintain fiscal responsibility and realize future growth of the airports and the communities they serve. OBJECTIVES: The objectives of this research are (1) create a guide and database for U.S.-based medium, small, and non-hub commercial service airports (see Special Note A) to increase and diversify revenue streams from existing and new sources; and (2) provide models for leveraging revenue sources to increase capital financing opportunities. The final deliverables should include case studies about relevant revenue opportunities, successful and unsuccessful, as well as best practices from domestic and international airport industries and from outside the aviation industry.

• Record URL:
  • http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=5579

Language

• English

Project

• Status: Active
• Funding: $350,000.00
• Contract Numbers:

  Project 01-56

• Sponsor Organizations:

  Airport Cooperative Research Program (ACRP)

  Transportation Research Board, 500 Fifth Street, NW
  Washington, DC  United States  20001

  Federal Aviation Administration

  800 Independence Avenue, SW
  Washington, DC  United States  20591
• Project Managers:

  Griffin, Matthew

• Performing Organizations:

  Aviation Planning Group LLC

  New York, NY  United States 
• Principal Investigators:

  Whitfield, Leah

• Start Date: 20240522
• Expected Completion Date: 20250822
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Airports; Alternatives analysis; Capital investments; Concessions; Databases; Economic benefits; Financing; Government funding; Revenues
• Subject Areas: Aviation; Finance; Terminals and Facilities;

Filing Info

• Accession Number: 01889755
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 01-56
• Files: TRB, RIP
• Created Date: Aug 8 2023 6:57AM