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LAX Approved for $1B in Infrastructure Funding

LAX Approved for $1B in Infrastructure Funding

…for the modernization of Terminals 4 and 5. The Board vote paves the way for LAWA to acquire the modernized facilities from American Airlines, which is administering the ongoing work in both terminals. In total, the projects will cost about $1.62 billion. “In approving the acquisition of more than $1…

SFO’s Nashir Shares Collaboration Goals

SFO’s Nashir Shares Collaboration Goals

…residual airport, SFO is highly dependent on revenues from concessions, even though those revenues as a portion of the airport’s operating budget are “percentage wise, in the single digits.” However, Nashir explained that when concessions revenues decline, rents to airlines increase. In the highly competitive Bay Area, this can have…

Travel Coalitions Call to Lift Travel Restrictions

Travel Coalitions Call to Lift Travel Restrictions

The U.S. Travel Association (USTA), Airlines for America (A4A) and Airports Council International-North American (ACI-NA) joined 21 other travel, tourism and aviation groups this week in calling for the lifting of restrictions on international travel to and from the U.S., while also releasing a policy blueprint for reopening borders safely….

Travel Industry Calls to Open Transatlantic Flights

Travel Industry Calls to Open Transatlantic Flights

The CEOs of the airlines that offer U.K.-U.S. passenger services – American Airlines, British Airways, Delta Air Lines, JetBlue, United Airlines and Virgin Atlantic – joined with Heathrow Airport (LHR) and other industry stakeholders this week in calling for the re-opening of transatlantic travel, a move they say is essential…

Fitch Ratings Shares Outlook For North American Airports

Fitch Ratings Shares Outlook For North American Airports

Fitch Ratings shared its current assessments of both airports and airlines in North America and its expectations for the industry going forward in a company-hosted webinar Thursday. The webinar, titled Fitch North American Airports/Airlines Update, featured Fitch executives Seth Lehman, senior director for North American airports, and Joseph Rohlena, senior…