TITLE

Airport Finances Still Holding Steady, Fitch Report Says

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/28/2004, Vol. 350 Issue 31999, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information that Airport finances remain resilient despite the financial turmoil of the airline industry, although median airport operating expenses have outpaced median operating revenues over roughly the last four years. Over the four-year period, median airport operating revenue increased at a 7.8% average annual rate, while median operating expenses grew by a 9.5% average annual rate. The analysts warned that airports may still feel financial pressure from fiscally weak airlines because air careers pay rent and landing fees to airports that are typically pledged to pay off tax-exempt bonds used to finance airport improvements and expansions.
ACCESSION #
14891548

 

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