A comparative analysis of economic performance of US commercial airports

Vasigh, Bijan; Hamzaee, Reza G.

doi:10.1016/s0969-6997(98)00028-3

Cited by 29 publications

(12 citation statements)

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“…In a study by Vasigh and Hamzaee (1998), it was concluded that privatization can only be accepted or rejected on the basis of theory, politics, or ideology. Another study by Vasigh and Haririan (2003) investigated the financial and operational efficiency of private versus public airports by using fifteen airports (both public and private) chosen by their similarity in hub size.…”

Section: Literature Reviewmentioning

confidence: 99%

Airport Performance and Ownership Structure: Evidence from the United Kingdom, United States, and Latin America

Vasigh¹,

Erfani²,

Sherman³

2014

Journal of Aviation Technology and Engineering

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This study investigates the operational and financial efficiency of airports in selected countries using a cross-regional analysis. A total factor productivity (TFP) approach is used to examine the operational and financial efficiencies of selected airports in the United States, the United Kingdom, and several Latin American countries. The empirical results indicate mixed implications and suggest that the privatized airports in the United Kingdom outperform the partially privatized, government-owned airports in Latin America; however, the evidence also suggests that the selected United States airports outperform the other two groups for each year of this investigation (2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010). The ambivalence of these results suggests that airport efficiency and productivity may be better evaluated in terms of market structure and competition rather than on the basis of ownership.

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Section: Literature Reviewmentioning

confidence: 99%

Airport Performance and Ownership Structure: Evidence from the United Kingdom, United States, and Latin America

Vasigh¹,

Erfani²,

Sherman³

2014

Journal of Aviation Technology and Engineering

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“…It is a reflection of the U.S. ownership situation where airports are publicly owned and run as public utilities (Vasigh & Hamzaee, 1998) that airlines and airports enter into airport use agreements in which the airport charges and terminal rental rates are specified. Charges are not set purely on an economic basis to satisfy shareholders but on a nonprofit basis through a residual cost, compensatory cost, or hybrid approaches (for further detail, see Graham, 1992;Kluckhohn, 1992).…”

Section: Us Experiencementioning

confidence: 99%

Performance Measurement in Airports

Humphreys

Francis²,

Fry

2002

Public Works Management & Policy

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This article examines airport performance measurement systems under varying ownership patterns in Europe and the United States, bringing together a rich picture of different practices. The need for airports to give greater emphasis to their operational context to evaluate their performance objectively is emphasized. Many performance measures currently in use are output variables, usually quantitative and based on what is easy to measure rather than what is important to measure. The dysfunctional effects of measurement systems are considered, including the problems of discrepancies in the definition of key variables and of attempts to achieve direct comparability between airports.

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“…This is a reflection of the U.S. ownership situation, by which airports are publicly owned and run as public utilities (34). Airlines and airports enter into airport use agreements in which the airport charges and terminal rental rates are specified.…”

Section: Performance Measurement In Us Airportsmentioning

confidence: 99%

Traditional Airport Performance Indicators: A Critical Perspective

Humphreys

Francis

2000

Transportation Research Record

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Airport managers require effective performance measures to enable them to plan and manage within the context of rapid passenger growth and the trend toward an expansion of commercial activities. Airport performance measurement in various ownership patterns from Europe and the United States is reviewed, bringing together a rich picture of different practices. The need to be aware of contingent circumstances to evaluate airport performance objectively is emphasized. Many measures currently in use are output variables and are usually quantitative and based on what is easy to measure instead of what is important to measure. The problems of discrepancies in the definition of key variables and of attempts to achieve direct comparability between airports are examined. Consideration is given to the dysfunctional effects of measurement systems and how they can be adapted to encourage innovation and organizational learning through such techniques as best-practice benchmarking. Airport planners, managers, and academics who have an interest in performance measurement and who wish to question the role of traditional measures will be interested in the discussion. Lessons from European experience in a postprivatization environment are considered. The research recommends the adoption of a performance measurement system for airports that examines processes as well as results and that considers antecedent variables as well as outcome variables. The conclusions indicate how airport planners and managers can gain new insight into the underlying processes behind quantitative indicators and how an understanding of these processes can stimulate organizational learning and innovation.

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A comparative analysis of economic performance of US commercial airports

Cited by 29 publications

References 0 publications

Airport Performance and Ownership Structure: Evidence from the United Kingdom, United States, and Latin America

Airport Performance and Ownership Structure: Evidence from the United Kingdom, United States, and Latin America

Performance Measurement in Airports

Traditional Airport Performance Indicators: A Critical Perspective

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