This paper provides a partial summary of the 2003 ATRS Global Airport Benchmarking Report which uses year 2000-2001 data. The objective of the ATRS benchmarking report is to measure and compare the performance of several important aspects of airport operation: productivity and efficiency, unit costs and cost competitiveness, financial results. The report also examines the relationships between various performance measures and airport characteristics in order to better understand the observed differences in airport performance. This particular paper extracted from the benchmarking report focuses on the productivity and efficiency performance of the airports. In particular, the paper presents the results on the airports’ Variable factor Productivities (VFP). It further examines the effects of various factors influencing airport’s variable input productivity, and computes a 'residual' VFP index to provide an indicator for airports’ operations efficiency.