Global Benchmarking Study Ranks Richmond International Airport (RIC) as One of the World’s Most Efficient Airports
Air Transport Research Society (ATSR) Study Ranks RIC #2 in North America for Operating Efficiency, Management among Small- and Mid-Sized Airports
August 2, 2013
Richmond, VA (August 2, 2013) -
The Air Transport Research Society (ATRS), headquartered at the University of British Columbia’s Sauder School of Business, was established in 1995 to advance research on global issues on air transportation.
The ATRS Global Airport Benchmarking Report, which first launched in 2000, is the most comprehensive independent evaluation of global airport performance. The rankings are used by airport and airlines executives, governments, consultants, institutional investors and researchers.
Benchmarking factors include aircraft operations, passenger counts, cargo tonnage, non-aeronautical revenue, labor, non-capital expenses, and facilities such as runways, terminal size, and number of gates.
Per the report, RIC scores high in overall operating and management efficiency, with factors such as low landing fees, low overall costs per enplaned passenger, and a high percentage of operating revenue derived from non-airline sources such as parking, non-airline leases, concessions, ground transportation, and in-terminal advertising.
Richmond (RIC) ranked #2 in the mid-/small-sized airport (less than 15 million passengers per year) category, trailing only Will Rogers International Airport (OKC) of Oklahoma City. Atlanta’s Hartsfield-Jackson International Airport (ATL) was ranked most efficient worldwide.
“The impressive performance of Richmond International Airport (RIC) in the ATRS Global Airport Benchmarking Report is reflective of changes initiated at the airport more than a decade ago,” said Commission president and CEO Jon E. Mathiasen, AAE. “Beyond the significant changes exemplified by newer facilities, the members of the Capital Region Airport Commission and senior management are driven to provide a safe, convenient, enjoyable airport experience by the most efficient and cost-competitive means possible and this philosophy is supported daily by the full Commission workforce.”
UBC Sauder School of Business Prof. Tae Oum, who led the study, says the benchmarking report shows that more efficient airports offer lower aircraft landing fees and passenger terminal charges, leaving more money in travelers’ pockets.
About Richmond International Airport (RIC)
Richmond International Airport is the gateway for Virginia's Capital Region. For more information about RIC, please visit our website at www.flyrichmond.com.
Troy M. Bell, C.M., Director – Marketing & Air Service Development/Public Information Officer
Richmond International Airport (RIC)