Financing

Airports are multi-million dollar operations. Most U.S. airports are owned by state or local governments but they still must operate like a business. Airports are required by the federal government to be as self-sustaining as possible. Within this context, airports must often fund very expensive expansion projects. For example, building new runways at Chicago O’Hare will cost $6.6 billion. The airlines, capital markets and the government provide funds to help pay for these long-term projects.

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News Clips from Centerlines

• On Management: Top Marks at Indianapolis - Scoring on Part 139—eight years in a row. (April 2008) (HTML)

• Revenue Arena: Airport Branding - Dos and don’ts of branding, sponsorship and product placement in airports. (April 2008) (HTML)

• Revenue: The Concession Awards (January 2008) (HTML)
• On Management: Performance Benchmarking at DFW (January 2008) (HTML)
• Simplifying the Business Worldwide (Fall 2006) (PDF file)

• Embracing Performance Benchmarking (Spring 2006) (PDF file)
• There's a New Bankruptcy Law in Town (Fall 2005) (PDF file)

Information about Passenger Facility Charges

• Monthly PFC stats (PDF file)
• FAA PFC reporting page
  

Also See:

• 2008 Insurance & Risk Management Conference presentations
  

• 2008 Airport Economics and Finance Conference