US: The bill coming due for airlines
Costs are a key concern for airline investors, who have fretted about pilot shortages, union disputes and oil prices over the past year. But there’s a less obvious bill that they will likely face in 2019: Higher airport fees. Over the past decade, air travel has grown much faster than the economy. Yet US airports’ spending on infrastructure fell 24% between 2013 and 2017 compared with the previous 5-year period, according to North America’s Airports Council International. Now the infrastructure needs to catch up. Airlines, as well as local govts and federal agencies, will invest US$100b in US airports over the next 5 years, ACI estimates, more than at any point on record. Hub airports will spend the most, because that’s where US airlines have focused their expansion. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-12-27/general/us-the-bill-coming-due-for-airlines
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US: The bill coming due for airlines
Costs are a key concern for airline investors, who have fretted about pilot shortages, union disputes and oil prices over the past year. But there’s a less obvious bill that they will likely face in 2019: Higher airport fees. Over the past decade, air travel has grown much faster than the economy. Yet US airports’ spending on infrastructure fell 24% between 2013 and 2017 compared with the previous 5-year period, according to North America’s Airports Council International. Now the infrastructure needs to catch up. Airlines, as well as local govts and federal agencies, will invest US$100b in US airports over the next 5 years, ACI estimates, more than at any point on record. Hub airports will spend the most, because that’s where US airlines have focused their expansion. <br/>
