Airports: Economic Engines for the U.S. Economy
A survey released last week documented the strong contributions airports make to the national economy. Among the key findings:
* Airports create $380 billion annually in total economic activity in the U.S.;
* Airports generate $31.2 billion in local, state and federal taxes;
* Some 1.6 million people are employed directly at airports, and another 4.2 million airport-related jobs are created in local communities. These 5.8 million jobs generate total wages of $156 billion per year; and
* Over the next decade, airports-related economic activity is projected to reach $609 billion, and employment generated by airports will grow to 9.3 million.
"These findings point out very clearly that airports are not only the economic engines of the communities they serve, but are truly America's launchpad for the world economy," said Robert Holscher, Director of Aviation for the Cincinnati/Northern Kentucky International Airport and Immediate Past Chairman of the Airports Council International-North America (ACI-NA), the group that compiled the survey.
Problems loom for airports, however, as the demand for air travel grows and the number of airports stays the same. …