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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– 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.

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