Syracuse Regional Airport Authority

What Syracuse Regional Airport Authority does

Syracuse Regional Airport Authority (SRAA) is a New York State public airport authority established in 2014 that operates Syracuse Hancock International Airport (SYR), the primary commercial airport serving Central New York. SRAA provides nonstop air service connectivity to 27 destinations and operates the associated terminal, airfield, parking, and ground transportation infrastructure from its sole facility at 1000 Col. Eileen Collins Blvd, Syracuse, NY.

The Authority generates revenue through three primary streams: (1) parking services — including an online pre-book parking system with QR code entry/exit across economy, garage, and open-lot facilities, with a non-refundable $2.99 booking fee; (2) airport operations revenue from airline landing fees, terminal leases, and rental car concessions; and (3) terminal advertising sold to the business community. SRAA's customer base spans individual air travelers (primary segment) and a business community that advertises, bids on contracts, and participates in a Supplier Diversity Program. Distribution is concentrated at the physical terminal, with supporting digital channels for flight status, parking reservations, and news/PR.

SRAA is currently executing a multi-year capital program headlined by the SYR Terminal Expansion Project (a New York State Upstate Airport Improvement initiative) and a new Consolidated Rental Car Facility (construction commenced March 16, 2026). In May 2026, Moody's Ratings upgraded the Authority's credit rating to A3, reflecting its improved financial standing. The Authority employs 51-100 staff and operates without a parent company, subsidiaries, or disclosed funding rounds.

Name

Syracuse Regional Airport Authority

Legal name

Syracuse Regional Airport Authority

Website

https://syrsraa.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Syracuse Regional Airport Authority (SRAA) is a New York State public authority that operates Syracuse Hancock International Airport (SYR), serving Central New York with nonstop service to 27 destinations and generating revenue from parking, airline operations, concessions, and terminal advertising.

Ownership category

akta.pro rank

Product category

Airport Operations and Aviation Services

NAICS

Airport Operations (48811), Other Airport Operations (488119)

SIC

Airports, Flying Fields & Airport Terminal Services (4581), Transportation Services (4700)

akta.pro primary industry

Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access) (BPAIALAE)

akta.pro secondary industries

Aircraft Turnaround Coordination & Station Management (THABAIAF), Airport Ground Transport Terminals (Rail/Bus/Coach) (THAIALAG), Passenger Terminal Facilities Management (Cleaning, Maintenance, Utilities) (TLAHAEAK)

Keywords

• Airport operations
• Passenger terminal services
• Airport parking management
• Aviation infrastructure
• Ground transportation services

Headquarters

HQ city

Syracuse

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Others

Revenue model

1. Parking Services: Revenue generated from airport parking facilities including garage, economy, and open lot parking. Reservations are managed through an online booking system with a $2.99 non-refundable booking fee.
2. Advertising at SYR: The airport sells advertising space to businesses. There is an advertising program available for businesses to advertise at Syracuse Hancock International Airport.
3. Airport Operations: Revenue from airline operations, terminal services, rental car concessions, and other airport services

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Syracuse Regional Airport Authority operates Syracuse Hancock International Airport (SYR), providing commercial aviation services including flight operations, terminal facilities, parking reservation services (Economy, Garage, and Open Lot with QR code access), rental car and ground transportation coordination, advertising sales to businesses, and passenger amenities such as free Wi-Fi and community programs. The Authority also manages major infrastructure projects including the SYR Terminal Expansion Project and a new Consolidated Rental Car Facility.

Product overview

Syracuse Regional Airport Authority operates Syracuse Hancock International Airport (SYR) as Central New York's gateway to the world, offering nonstop service to 27 destinations. The airport provides a unified suite of passenger services including parking reservation with QR code access, terminal facilities, ground transportation options (rental cars, taxi, ridesharing, public transit), and amenities such as free Wi-Fi. Major infrastructure projects include the SYR Terminal Expansion Project and a new Consolidated Rental Car Facility. The authority also runs community engagement programs including the Fly Guide Ambassador Program, SYR Pet Program, SYR Community Art Program, and Poetry In Flight Poetry Contest.

Differentiator

Problem solved

Functional benefit

Products and services

• Parking Reservation System Pre-bookable airport parking service for travelers using SYR, offering Economy, Garage, and Open Lot options with QR code entry and exit, and a $2.99 non-refundable online booking fee per reservation.
• Rental Car Services

Quantifiable outcome

• Nonstop service to 27 destinations

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Niagara Frontier Transportation Authority (Buffalo Niagara International Airport): Public authority operating Buffalo Niagara International Airport, another upstate New York commercial airport with a similar mid-size regional passenger profile and authority-board governance model directly comparable to SRAA.
• Albany County Airport Authority: Public authority running Albany International Airport, a comparable upstate New York regional gateway with overlapping catchment and similar nonstop destination count, governance, and infrastructure profile to SYR.
• Monroe County / Greater Rochester International Airport: County-operated regional airport in western New York serving a similar mid-size Upstate market; competes for overlapping passengers and shares the same airline tenant pool as Syracuse Hancock.
• Allegheny County Airport Authority (Pittsburgh International): Public authority operating a mid-large US regional airport with similar authority-board governance, terminal modernization program, and diversified aeronautical/non-aeronautical revenue model to SRAA.
• Indianapolis Airport Authority: Public authority operating Indianapolis International Airport, a mid-size US regional hub with authority governance, sizable terminal redevelopment, and a comparable mix of parking, concessions, and rental car revenue to SYR.
• Hillsborough County Aviation Authority (Tampa International Airport): Independent aviation authority running Tampa International, a benchmark mid-size US regional airport with authority governance, terminal expansion program, and diversified non-aeronautical revenue profile analogous to SRAA.
• Metropolitan Nashville Airport Authority: Independent authority operating Nashville International, a comparable mid-size US regional airport with authority governance, recent terminal expansion, and overlapping airline tenants to those at SYR.

Broad incumbents

• Wayne County Airport Authority (Detroit Metropolitan): Larger Midwestern airport authority operating Detroit Metro, an incumbent hub carrier anchor with the same authority-board governance structure but materially larger scale than Syracuse Hancock.

Others

• Massachusetts Port Authority (Logan International Airport):

Regional players

• Syracuse Hancock International Airport tenants / Greater Binghamton Airport: Smaller upstate New York regional airport competing for some overlapping catchment; similar regional-market dynamics but materially smaller scale and fewer nonstop destinations than SRAA's SYR.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Syracuse Regional Airport Authority