Customers are already paying
per year in airport taxes, helping airport revenues to soar to a record of nearly $30 billion.
Aviation Trust Fund
There is also almost
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
cash on hand, up 49% since 2010.
U.S. Airports have $14.5 Billion of unrestricted cash and investments on hand – roughly 381 days of liquidity.
Strong Credit Ratings
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±.
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
in revenues since 2008.