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A comparative analysis of economic performance of US commercial airports

Author

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  • Vasigh, Bijan
  • Hamzaee, Reza G

Abstract

There have been various agreements between the US commercial airports and the airlines each of which has defined how the risk, responsibilities, and reward of running an airport should be shared among them. The airport–airline financial relationships at the nation’s commercial airports are based on four basic approaches: the residual cost, the compensatory, the hybrid, privatization approaches. In this paper, the authors provide a comprehensive review of airport–airlines financial agreements, and develop an analytical model to measure the financial performance of the US commercial airports. In general, compensatory airports have had a higher marginal contribution to profitability than residual airports.

Suggested Citation

  • Vasigh, Bijan & Hamzaee, Reza G, 1998. "A comparative analysis of economic performance of US commercial airports," Journal of Air Transport Management, Elsevier, vol. 4(4), pages 209-216.
    • Handle: RePEc:eee:jaitra:v:4:y:1998:i:4:p:209-216
    DOI: 10.1016/S0969-6997(98)00028-3
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    Citations

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    Cited by:

    1. Karanki, Fecri & Lim, Siew Hoon, 2021. "Airport use agreements and cost efficiency of U.S. airports," Transport Policy, Elsevier, vol. 114(C), pages 68-77.
    2. Lim, Siew Hoon & Karanki, Fecri, 2020. "Airport use agreement types and input and output slacks: The case of U.S. airports," Research in Transportation Economics, Elsevier, vol. 84(C).
    3. KIyIldI, R. Koray & Karasahin, M., 2008. "The capacity analysis of the check-in unit of Antalya Airport using the fuzzy logic method," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(4), pages 610-619, May.
    4. Bazargan, Massoud & Vasigh, Bijan, 2003. "Size versus efficiency: a case study of US commercial airports," Journal of Air Transport Management, Elsevier, vol. 9(3), pages 187-193.
    5. G. Hamzaee, Reza & Vasigh, Bijan, 2000. "A simple revenue-cost perspective on US airport operations," Journal of Air Transport Management, Elsevier, vol. 6(1), pages 61-64.
    6. Kutlu, Levent & McCarthy, Patrick, 2016. "US airport ownership, efficiency, and heterogeneity," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 89(C), pages 117-132.
    7. Fernandes, Elton & Pacheco, Ricardo Rodrigues & Braga, Márcia Estrada, 2014. "Brazilian airport economics from a geographical perspective," Journal of Transport Geography, Elsevier, vol. 34(C), pages 71-77.
    8. Karanki, Fecri & Lim, Siew Hoon, 2020. "The effects of use agreements on airport efficiency," Journal of Air Transport Management, Elsevier, vol. 84(C).
    9. Wang, Zhanwei & Song, Woon-Kyung, 2020. "Sustainable airport development with performance evaluation forecasts: A case study of 12 Asian airports," Journal of Air Transport Management, Elsevier, vol. 89(C).
    10. Yu, Ming-Miin, 2004. "Measuring physical efficiency of domestic airports in Taiwan with undesirable outputs and environmental factors," Journal of Air Transport Management, Elsevier, vol. 10(5), pages 295-303.
    11. Richardson, Charles & Budd, Lucy & Pitfield, David, 2014. "The impact of airline lease agreements on the financial performance of US hub airports," Journal of Air Transport Management, Elsevier, vol. 40(C), pages 1-15.

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