Innovative Finance and Alternative Sources of Revenue for Airports (2007) / Chapter Skim
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With costs of construction increasing, airlines filing for bankruptcy, and periodic economic downturns affecting the industry, airport operators find themselves continually looking for additional revenue sources to fund capital projects and sustain operations. This report presents the results of ACRP Project 11-03, S01-01, and is intended to inform airport operators, stakeholders, and policymakers about alternative financing options and revenue sources that are currently available to airport operators in the United States, or that could be available in the future if certain developments occur to facilitate them.
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Airports nationwide have developed creative programs to maximize revenue sources such as: • Airport parking revenues -- Parking has long been a revenue source for airport operators and further opportunities exist to enhance parking revenues by offering premium parking services, implementing parking operational enhancements, and collecting offairport privilege fees. • Rental car revenues -- In addition to privilege fees and rentals, a CFC is collected at some airports by each rental car concessionaire from its customers and used to pay all or a portion of the operating and capital costs of a consolidated rental car area or structured facility, and may include the cost of transportation to the terminals.
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As it applies in the United States, privatization can refer to a broad range of activities that entail varying levels of private involvement in the operation of an airport including: • Partial privatization -- Airport operators have explored many ways of doing business that involve varying degrees of private-sector involvement in the management, capital investment decision making, financing, and pricing of airport facilities and services. Private involvement at airports nationwide includes airline involvement in capital decision making, contracting of services to private companies, master concessionaire agreements, and private terminal development.
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