US airports face revenue losses in billions as slump continues

13-Mar-2002

US. Airports across the US will lose $2.3bn in revenues during the year to September 2002, according to a devastating new report from Airports Council International (ACI). An ACI North America survey predicts that $446m of these losses will be in concession revenues at the region?s airports.

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By Dermot Davitt and Trevor Lloyd-Jones

US. Airports across the US will lose $2.3bn in revenues during the year to September 2002, according to a devastating new report from Airports

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(8-Mar-2002) - From September 2001 to September 2002, airports are forecast to lose $2.3bn in revenues, of which concession revenues will account for $446m across the US system.
(13-Mar-2002) - One of the most alarming assessments of the short- to medium-term damage to airport revenues post-September 11 came at the ACI Trading conference in Paris last month.
(16-Oct-2001) - US. Many US airports, uncertain about how quickly passenger traffic will recover after the September 11 attacks, are beginning to rethink their expansion plans. ACI (Airports Council International) North America said the total cost to US airports could reach $3bn by next year.