Richmond International Airport

Name

Richmond International Airport

Legal name

Capital Region Airport Commission

Website

https://flyrichmond.com

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Airport Operations and Aviation Services

NAICS

Airport Operations (48811)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

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

akta.pro secondary industry

Private Aviation Terminals & FBO Services (THABAFAH)

Keywords

• Commercial airport services
• Passenger aviation
• Air cargo operations
• Airport parking
• Ground transportation

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Terminal Building Rent: Revenue generated from airlines and tenants renting terminal space for ticket counters, offices, and operations.
2. Aircraft Landing Fees and Ramp Fees: Fees charged to airlines for landing aircraft and using ramp apron space.
3. Airport Parking: Parking revenue from economy, daily garage, hourly garage, and valet parking facilities. RIC offers nearly 7,000 surface and garage parking spaces. New parking rates took effect July 1.
4. Ground Transportation Fees: Fees from ground transportation operators including rental cars, taxis, and other transport services operating on airport property.
5. Terminal Advertising Fees: Revenue from in-airport advertising program operated through Departure Media, offering digital displays, backlit dioramas, wall murals, and spectacular banners to reach nearly 5 million annual passengers.
6. Concession Fees from Rental Cars: Nine rental car agencies (Alamo, Avis, Budget, Dollar, Enterprise, Hertz, National, Payless, and others) operating on-site pay concession fees to the airport.
7. Food and Beverage Concession Fees: Concession fees from food and beverage operators including Applebee's, Ironclad Coffee Roasters, Cross Grain Brewhouse, The Market on Broad, Cheeburger Cheeburger, Club Level Grill, and Sam Adams, operated by Delaware North Companies / Areas.
8. News and Gift Shop Concession Fees: Revenue from Hudson News retail operations including newsstands, bookstores, and gift shops throughout the terminal, operated by Hudson Group.
9. Capital Improvement Project Funding: The $253 million capital improvement plan is driven by record passenger traffic and regional population growth. The airport generates revenue to support such capital investments from its diverse operating revenue streams.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Richmond International Airport operates commercial passenger aviation infrastructure in the Mid-Atlantic United States, hosting nine air carriers that provide daily flights to domestic and select international destinations. The airport sells multi-tier passenger parking (Economy, Daily Garage, Hourly Garage, Valet, and a FlyEZ RIC ticketless E-ZPass system), operates a 750,000-sq-ft cargo apron serving major integrators, provides general aviation FBO services, manages retail and food concessions, and offers accessibility and visitor services to nearly 5 million annual passengers.

Product overview

Richmond International Airport (RIC), operated by the Capital Region Airport Commission, is a government-owned regional airport serving Virginia's Capital Region with approximately 4.5 million passengers annually. The airport's core offering is its terminal and airfield infrastructure supporting passenger and cargo aviation operations. Nine air carriers provide roughly 150 daily flights to major domestic destinations and global connecting points. The airport's product portfolio spans passenger-facing services (terminal facilities, airline operations, shopping and dining), ground transportation (parking in multiple tiers, rental cars, taxi/rideshare, public transit, and prearranged chauffeur services), accessibility and special needs services (Sunflower hidden disabilities program, LanguageLine interpretation, service animal relief areas), business and passenger amenities (free WiFi, Business Center, Inter-Faith Chapel, USO Center, Visitor Information Center), air cargo facilities (750,000 sq ft cargo apron, 142,000 sq ft warehouse), general aviation, and in-airport advertising. An ongoing $253 million capital improvement program is expanding terminal space by 103,000 square feet and consolidating security checkpoints to 14 screening lanes.

Differentiator

Problem solved

Functional benefit

Products and services

• Airline Operations and Passenger Flight Services Scheduled commercial flights operated by nine on-site air carriers connecting Richmond to domestic and select international destinations, serving nearly 5 million annual passengers across approximately 150 daily flights.
• Terminal and Concourse Facilities Modern passenger terminal with two balanced concourses, 28 jet-bridge gates, ticketing, baggage claim, security screening, and an array of passenger amenities operated for the traveling public.
• Economy Parking Long-term, value-priced on-site economy parking lot for passengers seeking lower-cost parking, served by a free shuttle to the terminal.
• Daily Garage Parking Mid-tier covered garage parking for multi-day trips, with daily pricing and pedestrian access to the terminal.
• Hourly Garage Parking Hourly-rate covered parking adjacent to the terminal for short visits and welcome/farewell pickups.
• Valet Parking Premium valet parking service operated by SP+ at the terminal curb for travelers who want maximum convenience.
• FlyEZ RIC Ticketless Parking Ticketless parking in the airport garages using an E-ZPass transponder for hands-free entry and exit, allowing travelers to drive in and out without a paper ticket.
• Cell Phone Waiting Lot Free waiting area for personal vehicles awaiting arriving passengers, providing a free short-term option for pickups.
• Rental Car Services On-site car rentals through nine agencies (Alamo, Avis, Budget, Dollar, Enterprise, Hertz, National, Payless, Sixt), operated as concessionaires at RIC.
• EasyPark Shuttle Service Free shuttle service running on compressed natural gas (CNG), transferring passengers between remote parking areas and the main terminal.
• GRTC Public Transit Bus Service Public bus transit via GRTC Route 7 connecting Richmond International Airport to downtown Richmond for travelers and employees.
• Taxi, Shuttle, and Rideshare Services Curbside pickup and drop-off zones for authorized taxi and shuttle services and app-based rideshare providers (Uber, Lyft).
• Prearranged Limousine and Sedan Services Pre-booked private limousine and sedan ground transportation services authorized to operate at the airport for business and leisure travelers.
• Shopping and Dining Concessions Terminal food & beverage and retail offerings operated by third-party concessionaires, providing travelers with sit-down dining, grab-and-go, and shopping options.
• Business Center On-site business center with workstations and business services within the terminal for traveling professionals needing a workspace between flights.
• In-Airport Advertising Advertising placements throughout the terminal — backlit displays, digital screens, and banners — sold through Departure Media, Inc. to national, regional, and local brands targeting airport passengers.
• Air Cargo Facilities and Operations Cargo handling and short-term storage on a 750,000-square-foot air-cargo apron, with a fuel storage facility and underground fuel hydrant system supporting Amazon Air, DHL, FedEx, and UPS.
• General Aviation Services Full-service general aviation services operated by Aero World FBO, providing fueling, hangar, tie-down, and aircraft handling for corporate and private aircraft.
• Foreign-Trade Zone #207 Foreign-Trade Zone designation (FTZ #207) providing duty-deferred storage and processing logistics for international importers and exporters shipping cargo through the airport.

Quantifiable outcome

• 4.38 million passengers (2019 annual record); 417,648 in March 2026 (all-time monthly record)
• +6 more outcomes

Named customers22 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature7 records

Partnerships

46 partnerships are on record, tiered core and minor.

• U.S. Department of Transportation (DOT)coreStrategic or Co-development Partner · 3 October 2025DOT implemented an Interim Final Rule (IFR) effective October 3, 2025, changing how DBE and ACDBE certifications are assessed. The DOT IFR affects RIC's disadvantaged business enterprise program compliance and certification processes.
• Breeze AirwayscoreOthers · 1 January 2021New carrier from David Neeleman that chose RIC as a debut airport. RIC was selected as a launch partner for Breeze Airways 'Seriously Nice' service in 2021. Breeze has since expanded to include Las Vegas, San Francisco, and announced new service to Cancún (January 2027). Contact: 501-273-3931 (Text).
• Southwest AirlinescoreOthers · 1 January 2021Southwest added first-ever flights to Chicago Midway and Denver at RIC in 2021. One of nine air carriers operating at RIC. Contact: 800-435-9792; Baggage Service: 888-202-1024.
• Amazon AircoreOthers · 1 January 2020Amazon Air gateway operations began at RIC in 2020, making RIC one of more than 30 airports in Amazon Air's network. Handles cargo shipments for Amazon's logistics operations.
• Virginia Green TravelminorStrategic or Co-development Partner · 1 January 2015RIC has been a certified Virginia Green Travel Partner since 2015. The program is a partnership among the Virginia Department of Environmental Quality, the Virginia Tourism Corporation, and the Virginia Hospitality and Tourism Association to reduce environmental impacts of Virginia's tourism industry.
• JetBlue AirwayscoreOthers · 1 January 2006JetBlue arrived at RIC in 2006 and has since carried more than 3.6 million customers from Richmond. Offers non-stop flights to Boston, Orlando, Ft. Lauderdale, and beyond. Contact: 800-538-2583; Baggage Service: 866-538-5438.
• Allegiant AircoreOthersOne of nine air carriers operating at RIC, offering non-stop flights to major domestic destinations. Contact: 702-505-8888; Baggage Service: 866-719-3910.
• American AirlinescoreOthersOne of nine air carriers operating at RIC, offering non-stop flights to major domestic destinations. Contact: 800-433-7300. Led passenger traffic at RIC in February 2026.
• Delta Air LinescoreOthersOne of nine air carriers operating at RIC, offering non-stop flights to major domestic destinations. Contact: 800-221-1212; Baggage Service: 800-325-8224.
• Frontier AirlinescoreOthersOne of nine air carriers operating at RIC, offering non-stop flights to major domestic destinations. Contact: 801-401-9000.
• Sun Country AirlinescoreOthersOne of nine air carriers operating at RIC, offering non-stop flights to major domestic destinations. Contact: 651-905-2737.
• United AirlinescoreOthersOne of nine air carriers operating at RIC, offering non-stop flights to major domestic destinations. Contact: 800-241-6522; Baggage Service: 800-221-6903.
• DHL ExpresscoreOthersDedicated cargo carrier at RIC offering international shipping and delivery services. Part of RIC's cargo operations alongside FedEx, UPS, and Amazon Air.
• FedExcoreOthersDedicated cargo carrier at RIC offering shipping, receiving, and storage options including high-security and temperature-sensitive freight, fast international delivery, and overnight and priority deliveries.
• United Parcel Service (UPS)coreOthersDedicated cargo carrier at RIC offering overnight and priority deliveries for businesses and individuals. Part of RIC's cargo operations alongside FedEx, DHL, and Amazon Air.
• Alamo Rent A CarcoreChannel Partner/ Reseller/ DistributorOn-site rental car agency located near the central entrance of the terminal building on the lower level. One of nine rental car agencies operating at RIC. Contact: 844-370-8283.
• Avis Budget GroupcoreChannel Partner/ Reseller/ DistributorOn-site rental car agencies (Avis and Budget brands) located near the central entrance of the terminal building on the lower level. Contact: 804-222-7416 (Avis), 804-222-2491 (Budget).
• Enterprise Holdings (Enterprise, National, Alamo)coreChannel Partner/ Reseller/ DistributorOn-site rental car agencies (Enterprise, National, Alamo brands) located near the central entrance of the terminal building on the lower level. Contact: 833-268-5452.
• HertzcoreChannel Partner/ Reseller/ DistributorOn-site rental car agency located near the central entrance of the terminal building on the lower level. Contact: 800-654-4173.
• Dollar Thrifty Automotive GroupminorChannel Partner/ Reseller/ DistributorOn-site Dollar brand rental car agency located near the central entrance of the terminal building on the lower level. Contact: 800-800-5252.
• Payless Car RentalminorChannel Partner/ Reseller/ DistributorOn-site rental car agency located near the central entrance of the terminal building on the lower level. Contact: 804-226-8153.
• Greater Richmond Transit Company (GRTC)minorChannel Partner/ Reseller/ DistributorGRTC provides high-frequency public bus service to and from RIC. Service is available via door #5 on the upper (Departure) level. Routes 7A/7B connect the airport to the broader transit network. Contact: 804-358-4782.
• Lyft and Uber (Ride App Partners)coreChannel Partner/ Reseller/ DistributorRide-share pickup available at RIC with two convenient options: Option 1 on the upper Departures level (best for travelers without checked luggage) and Option 2 on the lower Arrivals level (best for travelers with checked luggage).
• Delaware North Companies / AreascoreChannel Partner/ Reseller/ DistributorAirport restaurant operator managing Applebee's, Ironclad Coffee Roasters, Cross Grain Brewhouse, The Market on Broad, Cheeburger Cheeburger, Club Level Grill, and Sam Adams across the Atrium, Concourse A, and Concourse B. Contact: 804-349-8537.
• Hudson GroupcoreChannel Partner/ Reseller/ DistributorOperator of Hudson News and Hudson Booksellers retail locations throughout the terminal, including pre- and post-security stores and Discover Virginia gift shops. Contact: 408-624-0924.
• Departure MediacoreChannel Partner/ Reseller/ DistributorAirport advertising partner managing the in-airport advertising program at RIC. Offers digital displays, backlit dioramas, wall murals, recharge stations, vehicle displays, shadow boxes, and spectacular banners reaching nearly 5 million annual passengers. Contact: 843-571-2299.
• Richmond Region TourismcoreStrategic or Co-development PartnerOperates the Visitor Information Center at RIC (open daily 10 a.m.-5 p.m.) providing area attractions information, flight information, ground transportation information, and disability assistance to arriving passengers. Contact: 804-340-1515.
• Virginia is for Lovers (Virginia Tourism Corporation)minorStrategic or Co-development PartnerState tourism marketing partner promoting Virginia as a travel destination. RIC serves as the gateway to Virginia's Capital Region and the broader Commonwealth.
• USO Center at RICminorStrategic or Co-development PartnerUSO Center in the terminal open from 8:00 a.m. to 8:00 p.m. daily, 365 days per year. Welcomes active duty and retired military personnel, National Guard members, reservists, merchant marines and their dependents (military ID required). Contact: 804-236-7234.
• Truist BankminorOthersProvides ATM services at RIC, with an automated teller machine located on the upper level of the terminal building.
• Hidden Disabilities SunflowerminorStrategic or Co-development PartnerRIC is a part of the Sunflower Hidden Disabilities Program. Green lanyards with sunflowers are available at the Visitor Information Center, ticket counters for American, Delta, and Southwest, Applebee's in the Atrium, and the Valet Parking office. Recognized in more than 230 airports worldwide.
• Virginia Department of Environmental Quality (DEQ)minorStrategic or Co-development PartnerRIC collaborates with Virginia DEQ on PFAS assessment and environmental stewardship. RIC is working voluntarily with DEQ to conduct scientific, data-driven research to assess the potential scope of PFAS on Airport property. RIC applied to the FAA in June 2024 for a PFAS Remediation Demonstration grant.
• Global Biorisk Advisory Council (GBAC)coreOthersGBAC awarded RIC STAR Facility Accreditation, recognizing RIC as one of the first 30 airports in the U.S. and the first in Virginia to achieve this status. The accreditation is the gold standard for prepared facilities, particularly relevant during the COVID-19 pandemic.
• Great Place to WorkminorOthersRIC certified by Great Place to Work Program after earning outstanding scores in benchmarks of pride, respect, camaraderie, and fairness. The certification is displayed on the RIC website with the GPTW badge.
• Airport Minority Advisory Council (AMAC)minorStrategic or Co-development PartnerTrade organization listed as a resource for companies seeking business opportunities with the Commission. AMAC supports minority business development in the airport industry.
• Virginia Department of Small Business and Supplier Diversity (VASBSD)coreStrategic or Co-development PartnerOne of two Unified Certification Program (UCP) portals for the Commonwealth of Virginia. Provides DBE and ACDBE certification and is responsible for reevaluating certified firms under the new DOT Interim Final Rule effective October 3, 2025. Address: 101 N. 14th Street, 11th Floor, Richmond, VA 23219. Phone: 804-786-6585.
• Metropolitan Washington Airports Authority (MWAA)coreStrategic or Co-development PartnerSecond Unified Certification Program (UCP) portal for Virginia. Provides DBE and ACDBE certification for the Commonwealth. Address: 1 Aviation Circle, Washington, DC 20001. Phone: 703-417-8625.
• Black Business Alliance of VirginiaminorStrategic or Co-development PartnerTrade organization listed as a resource for companies seeking business opportunities with the Commission, supporting Black-owned businesses in Virginia.
• Virginia Asian Chamber of Commerce (VACC)minorStrategic or Co-development PartnerTrade organization listed as a resource for companies seeking business opportunities with the Commission, supporting Asian-owned businesses in Virginia.
• Virginia Hispanic Chamber of CommerceminorStrategic or Co-development PartnerTrade organization listed as a resource for companies seeking business opportunities with the Commission, supporting Hispanic-owned businesses in Virginia.
• Richmond Jet CenterminorChannel Partner/ Reseller/ DistributorFBO operator at RIC providing corporate aviation services. Contact: 804-226-7200; http://www.ricjet.com/. One of four FBO operators serving general aviation at RIC.
• Aero IndustriesminorChannel Partner/ Reseller/ DistributorFBO operator at RIC providing corporate aviation services. Contact: 804-222-7211; http://www.aeroind.com/.
• Million AirminorChannel Partner/ Reseller/ DistributorFBO operator at RIC providing corporate aviation services. Contact: 804-222-3700; http://www.millionair-richmond.com/.
• Helo AirminorChannel Partner/ Reseller/ DistributorFBO operator at RIC providing helicopter aviation services. Contact: http://www.heloair.com/.
• City of Richmond Department of Public UtilitiesminorOthersRIC purchases natural gas needed for CNG vehicles from the City of Richmond's Department of Public Utilities, supporting the airport's compressed natural gas shuttle fleet.
• Henrico County, VirginiaminorStrategic or Co-development PartnerHenrico County is one of the four Richmond-area jurisdictions participating in the Capital Region Airport Commission governance. County representatives serve on the Commission board. RIC collaborates with the county on PFAS environmental assessment.

Scale indicators18 records

Recent moves14 records

Expansion highlights6 records

Regional players

• Norfolk International Airport: The other primary commercial airport in Virginia, also in the Hampton Roads region, competing for travelers and cargo in a partially overlapping catchment. Directly comparable in scale, carrier mix, and public/commission governance structure.
• Newport News/Williamsburg International Airport: A smaller commercial airport in the same Virginia region, competing for Hampton Roads / Peninsula catchment traffic. Comparable in geography and governance, but materially smaller in scale and route breadth.

Direct peers

• Raleigh-Durham International Airport: A mid-size Southeast U.S. commercial airport serving a similar state-capital / Mid-Atlantic–South growth market. Comparable in passenger volume (~4–5M enplanements), carrier mix (American, Delta, Southwest, United, JetBlue, Breeze, Frontier), and capital development trajectory.
• Charleston International Airport: A Southeast regional commercial airport of similar size with overlapping carrier mix and a strong leisure destination profile. Comparable in enplanement volume, non-stop route count, and concession/airline economics.
• Pittsburgh International Airport: Recently completed terminal redevelopment and operates as a similarly-sized Mid-Atlantic commercial hub. Comparable in passenger scale, cargo mix, and post-pandemic capital program execution.
• Nashville International Airport: High-growth regional hub serving a state capital with similar enplanement and traffic growth trajectory. Comparable in carrier expansion, terminal investment program, and concession revenue model.
• Cincinnati/Northern Kentucky International Airport: Mid-size commercial hub anchored by a major cargo integrator (DHL's North American super-hub). Directly comparable on the air cargo business model and on the cargo apron/warehouse infrastructure approach RIC has built with Amazon Air, FedEx, UPS, and DHL.

Broad incumbents

• Charlotte Douglas International Airport: A much larger nearby hub airport (American Airlines' #2 hub) competing for the same Mid-Atlantic / Carolinas catchment. Comparable in regional context and infrastructure profile but materially larger in scale.
• Washington Dulles International Airport: Largest DC-area hub, a primary competitor for Northern Virginia and D.C. origin-destination traffic. Comparable in serving overlapping catchment, but with significantly more non-stop destinations and a much larger international profile.
• Baltimore/Washington International Thurgood Marshall Airport: Large Mid-Atlantic hub competing for D.C. / Baltimore / Northern Virginia leisure and business travelers. Comparable in serving a partially overlapping catchment, with substantially more non-stop service and a larger cargo operation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Flack4RIC
• Facebookfacebook.com/FlyRichmond

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Richmond International Airport