U.S. airports quietly collect billions of dollars per year from a fee they add to each ticket called a Passenger Facility Charge, or PFC.

Now airports are asking Congress for a blank check to tax air passengers as much as they want – and it’s going to make your tickets more expensive.

How can airports justify a tax hike when they are this flush with cash?

Current Revenue

Coins and bag of money

Customers are already paying

$6.9 billion

per year in airport taxes, helping airport revenues to soar to a record of more than $30 billion.

Aviation Trust Fund

Coins next to computer screen

There is also almost

$7 billion

sitting in the aviation trust fund—That’s billions of dollars that can be spent on infrastructure instead of charging passengers more.

Cash on Hand

Hands Holding Cash

Airports have

$16 Billion

cash on hand, up more than 60% since 2010.

 

U.S. Airports have $16 Billion of unrestricted cash and investments on hand – roughly 400 days of liquidity.

Strong Credit Ratings

Pyramid Graphic AAA, AA(+-), A(+-), BBB(+-), BB(+-), CCC, CC

Airports are investment-grade entities with ample access to the bond market. Strong credit ratings allow airports to access capital markets at preferred rates.

 

All airports fall within theinvestment-grade ratings of

AA±, A± and BBB±.

Revenue Diversion

Piggy Bank with coins falling

Airport revenues are diverted off airport every year – almost $5.4 billion in the past 10 years – money that could have been used for airport infrastructure.

 

Airports diverted almost

$5.4 Billion

in revenues since 2008.