April 25, 2024

Phoenix Airport System’s Economic Impact is $44.3 Billion

New ASU study shows annual increase of nearly 15% compared to 2016

PHOENIX – According to a new Arizona State University W.P. Carey School of Business study, the economic impact of the Phoenix Airport system has increased nearly 15% since 2016. The study, which is based on calendar year 2022 figures, shows that Phoenix Sky Harbor, Phoenix Deer Valley, and Phoenix Goodyear airports have a total economic impact of $44.3 billion per year. The Airport system, which continues to be the largest economic engine in the state of Arizona, supports nearly 246,000 jobs with an annual payroll of $14.8 billion. The Phoenix Sky Harbor campus supports more jobs in the state than any other organization.

“The Phoenix Airport System is a critical asset to our community and state, and this new study underscores how vital it is to our economy,” said Phoenix Mayor Kate Gallego. “Phoenix is thriving in no small part thanks to our airports, and our continued investment in them creates jobs, supports both local and global businesses, connects Phoenicians to worldwide opportunities, and leaves visitors with a desire to come back to the Valley.”

Even though data from the study includes several years within the pandemic period, and 2022 was still within post-pandemic recovery mode, gains were made in economic output, total income to workers, and visitor spending. Though employment numbers decreased slightly at Phoenix Sky Harbor, the total income including wages and benefits to workers was $14.8 billion. These airport jobs directly support the economy in the region as workers spend their wages.

Additionally, visitor spending at Phoenix Sky Harbor rose 12% from $5.8 billion in 2016 to $6.5 billion in 2022. It’s estimated that domestic visitors on average spend $831 per person per trip while international visitors spend $1,002 per person per trip. The total for both domestic and international visitor spending is $7 billion a year. 

A summary of the Economic Impact Report is available at https://www.skyharbor.com/about-phx/history-economic-development/economic-impact/  The full Economic Impact Report will be available in the coming weeks.

Quotes from Phoenix City Council

“We know that Sky Harbor and our general aviation airports have a dramatic positive impact on our economy. This new report proves yet again that the hard work of our aviation staff has continued to pay big dividends, in jobs and investment. When passengers enjoy our airport amenities, they’re not only enjoying a great travel experience, they’re investing in jobs for our community.”

Vice Mayor Debra Stark

“It’s no surprise that Phoenix’s airports have contributed greatly to the economic prosperity seen all over the Valley. As we continue to bring more international flights, look to build out a new terminal, and hold onto the title of premiere destination in the Southwest, it is because of our airports and their employees. In my district, Deer Valley Airport was reported as the third busiest airport in the world for touch-and-goes in 2020! As we continue to reimagine and build out the Phoenix Deer Valley Airport, its economic impact to the whole city will only grow!”

Councilwoman Ann O’Brien, District 1

“The Phoenix airport system is essential to the success of the Valley’s tourism industry and our state as a whole. When we invest in our airports, we are investing in strengthening our ties with our community and the world, and supporting an extensive workforce of airline employees, concessions workers and contractors who help to make our airports run.”

Councilwoman Laura Pastor, District 4

"As Sky Harbor sees record passenger demand, this report is a testament to the people power that keeps America’s Friendliest Airport running and providing excellent customer service. Such significant economic impact is possible because our workers put in the time and energy every day to make Sky Harbor a truly world-class airport.”

Councilwoman Betty Guardado, District 5

“This report shows just how valuable Sky Harbor and our general aviation airports are to the community – they are job creators and drivers of construction and other investments in Phoenix and around the valley and state,” said Councilwoman Kesha Hodge Washington. “Phoenix Sky Harbor is not only the best airport in the country, it is also the region’s largest economic engine. I am proud to represent the community where Sky Harbor is located, and look forward to the new investments it will bring in the years ahead.”

Councilwoman Kesha Hodge Washington, District 8

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Phoenix Sky Harbor International Airport, America’s Friendliest Airport^®, has an annual economic impact of more than $44 billion. On an average day, more than 1,000 aircraft and more than 130,000 passengers arrive at and depart from Phoenix Sky Harbor every day. PHX Sky Harbor is funded with airport revenue. No tax dollars are used to support the airport.