Editor’s Note: One month ago, the Airport Restaurant & Retail Association (ARRA) tapped Rob Wigington to be its first executive director. At that time, COVID-19 was a vague but growing threat, one that few, if any, thought would morph into the destructive force that it is. Wigington had intended to…
Airport concessionaires are hoping to see part of the $10 billion awarded to airports through the CARES Act flow to them in the form of rent waivers and other assistance in the midst of the COVID-19 pandemic. In a panel convened by conference call yesterday, hosted by the Airport Restaurant…
Editor’s Note: Last week, S&P Global Ratings revised to negative the outlooks on nearly all long-term debt ratings in the U.S. transportation infrastructure sector due to the severe and ongoing impacts associated with the COVID-19 pandemic. “We believe the dramatic contraction of the global and U.S. economies and virtual collapse…
The global airline industry could lose $39 billion in revenue due to the COVID-19 pandemic in the second quarter of 2020, with a similarly bleak outlook for the third quarter, according to Alexandre de Juniac, director general and CEO of the International Air Transport Association (IATA). In a press briefing…
…FAA issued the guidance after receiving inquiries from airport operators about their authority to implement a range of restrictions, changes in operations, terminal service consolidations and other responses as the COVID-19 pandemic brings air travel to a near halt. “The FAA’s primary concern is that federally obligated airports remain safe…
