Airport Reports Fiscal Year Records for Passengers and Cargo

At its July 2023 meeting, the Capital Region Airport Commission reported new fiscal year records for passengers and cargo at Richmond International Airport (RIC). The Airport welcomed 4,433,183 passengers in fiscal year 2023 (FY23), surpassing the previous mark of 4,267,825 set in FY19. For total cargo, RIC handled 190,403,176 pounds, eclipsing the 180,544,518 pounds total reported two years ago for FY21.

Compared to last (fiscal) year, RIC passengers increased 14.2 percent, an increase of more than 550,000 passengers. The Commission’s fiscal year starts on July 1^st and ends on June 30^th each year.

For more info, visit monthly statistics on the web.

Additional Matters

• Breeze Airways announced new winter seasonal flights to Ft. Myers, FL. The route will start on November 15^th and offer twice-weekly service to the Southwest Florida destination.
• The Commission welcomed Leonard Sledge, director, Richmond Economic Development, to provide an update about the authority’s work and economic development progress for the city of Richmond.
• Richmond International Airport was recognized on July 2, 2023, as the Most Efficient Airport in North America (small airport category) by the Air Transport Research Society (ATRS) at its 26^th World Conference in Kobe, Japan.
• The Commission was recognized by the Government Finance Officers Association (GFOA) with a 33rd consecutive Certificate of Achievement for Excellence in Financial Reporting.
• Moody’s Investors Service recently upgraded the Capital Region Airport Commission’s rating to A1 from A2, reflecting the Commission’s strong financial metrics, robust liquidity sources, and a continued decline in debt levels relative to historical measures. The rating upgrade also reflects growing demand for travel in the Richmond metropolitan area. The outlook has been revised to stable from positive.

About Richmond International Airport (RIC)

Richmond International Airport’s vision is to move people, business, and commerce to advance the Richmond region. Nine passenger airlines and four dedicated cargo carriers offer domestic service from Richmond International Airport (RIC) with connecting options to points around the globe. According to the Commonwealth of Virginia, Airport activities create nearly 16,000 jobs and contribute about $2.1 billion in economic activity annually to Virginia’s Capital Region. To learn more, please visit RIC on the web, Twitter, Facebook, Instagram, or LinkedIn.

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