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July 7, 2008

Now it’s the Airports Turn to Feel The Pain

Filed under: Airport — Rick Seaney @ 9:11 am

The high fuel costs and economic downturn, and the subsequent cut-backs by airlines in passenger routes and cities — well, it’s affecting all aspects of the airline industry — and that includes the airports.

According to a report in the Los Angeles Times, improvements to aging airports (like LAX) — which are funded by airline ticket fees (passenger facility charges) — are in jeopardy. Officials at Oakland, for example, have now put on hold their plans for a $500-million terminal — now that they’ve lost three airlines (and may lose more).

LAX is going ahead with improvements to its international terminal (which could use improving) but the Air Transport Association has a message for airport operators planning future expansions or revisions:

“The industry is in a severe economic crisis. We…urge them to take that into account when making decisions.” –John M. Meenan, Air Transport Assn.
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