The Economic Impact Of Regional Airports

August 11, 2020

Regional Airports make significant contributions to the region’s economy of which they serve. In the United States alone, it is estimated that a staggering 1 billion passengers fly annually, many of which are from the county’s hundreds of regional airports. Scattered throughout the American landscape are hundreds of regional airports, serving short distance passenger and freight flights. These airports oftentimes have a strong economic impact on the surrounding communities, especially those with small populations.

Abraham Lincoln Capital Airport is a central Illinois airport, located in Springfield, Illinois. The airport supports three airlines, two of which, American and United are large carriers that operate small regional flights into the airport. There is a busy flight schedule, ensuring that the small airport is sufficiently serving the demand of community. In 2012, the Illinois Department of Transportation released an Economic Impact Study indicating Abraham Lincoln Capital Airport generates $563.6 million in total economic output annually for the local economy impacting 4,797 jobs.

Attracting Business To Isolated Parts Of The Country

Throughout the country, there are various regional airports serving small communities. These communities experience economic prosperity through the establishment of a regional airport. Regional airports are growing at a rapid pace, therefore, they are constantly attracting both business and tourism throughout these vital communities.

These small airports promote growth and prosperity to these communities by providing jobs and promoting tourism. Attracting tourists is among the most important benefits of small airports, as they patronize the small businesses located within the town, giving these small businesses the opportunity to prosper.

According to the Regional Airport Association, there are 570 airports throughout the country, and together generate $134 billion in revenue for the communities they serve. Regional airports, including Abraham Lincoln Capital Airport, are served by some of the nation’s major carriers. These flights are oftentimes short haul and act as a connecting flight from an international or public airport.

Although airports benefit the many businesses in the community, it also allows those residing in these areas to travel beyond their communities and experience what the world has to offer. Furthermore, for many of these isolated communities, airports may be the only way to enter or exit the community.

Economic Impact Of Cargo Flights

Throughout these isolated communities, there are swaths of fertile farmland, with crops ready to ship to market. Regional airports allow these farmers and other businesses to sell their products to stores and other customers anywhere in the world. Thus, the nation’s many regional airports stimulate economic prosperity even in the country’s most remote regions.
In addition to shipping items out, regional airports allow consumers in all areas of the country to purchase and receive packages. Thus, stimulating economic growth beyond their immediate community.

Opportunities for Corporate and Business Aviation

Because of the ease of operating out of regional airports, many companies deem it economically viable to own and operate aircraft and base them at their local regional airport. Therefore, regional airports are viable to those that want to engage in business and commerce in these communities in addition to those who call it home from where they launch their business and commerce outreach. Some operators may support a parent company that may be located in a remote urban location. By doing so, they avoid have to fly into larger and more congested airports that may come with exponential fees and expenses.

Abraham Lincoln Capital Airport is home to a number of local business and corporations that operate corporate aircraft. Doing so, allows them to save time and money in the safe and secure environment of a regional airport. The airport stems economic growth throughout both the businesses in the community, and the airline industry as a whole.