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Tight economical situation has put airlines into the deep trouble as we all know. However, how is the situation in airports? Most U.S. commercial service airports are typically owned by local or state governments, either directly or through an authority (a quasi-governmental body established to operate the airport).
However, the services are most likely owned by the companies, at least in many cases and the money flow keeps coming in. But that money flow may slow down surprisingly if the passengers starts to avoid the single airport.
This kind of action has already started in two European international airport. In Helsinki (HEL) and in Geneva (GVA) because of the luggage problem. It may look like a minor problem but the fact is that as long as people have a choice to choose, airports like airlines should be in their toes. In a world where budget airlines are expanding and more and more capacity is available in different airports, the big ones can’t afford to lose anymore. I have no facts about the cash flow in different airports but the facts I have is that their economical situation isn’t very good.
But, there’s something good also happening, for example, in Peterborough (YPQ). The Examiner reported yesterday that “There were some optimistic moments last year despite the economic challenges” and that “The American meltdown certainly sent the world into a financial tailspin," he said, sitting behind the desk at his constituency office on King St. "Peterborough was somewhat exposed to that downturn, not as severe as some other communities.
"Peterborough, I think, stood up amazingly well with our fairly diversified economic base."
The economy will strengthen considerably moving into the second half of the year, Leal, Peterborough MPP predicted.
What do you think how things are going in 2010?
