America's pullback on travel has put its airports on a runway to financial ruin
At Denver International Airport, the terminal and concourse windows rarely get washed, and the snow-removal budget has shrunk to the point that airport CEO Kim Day is counting on divine intervention this winter.
“I don’t want to use the term gamble … we’ve reduced the contract for snow this year, and we’re praying we don’t get a horrible year,” Day said.
Denver whacked $50 million from its operating and maintenance costs in response to revenue’s nose dive during the coronavirus pandemic. The same is happening on tarmacs throughout America.
Because of Covid-19, total losses among domestic airports are expected to be around $23.3 billion from March 2020, when the virus shuttered the economy, through the end of 2021, according to Airports Council International.
https://www.bizjournals.com/seattle/news/2020/08/20/airports-brace-for-deep-cuts-amid-travel-pullback.html
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Our business is in mostly FBOs and private aviation but if this kind of damage is felt at the top, we'll feel it in the middle and at the bottom. 