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Published byMelina Williamson Modified over 9 years ago
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Bobby Blankinship Brad Wham
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Source: National Transportation Statistics Summary Report 2008, Table 1-11
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19902007 Total Number of Airports 17,581 Public 5,589 Private 11,901 Total Number of Airports 20,341 Public 5,221 Private 14,839
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When passengers decrease, airports suffer large losses. A good year for airlines does not necessarily mean a good year for airports.
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Recent fuel spike in 2008 increased industry overhead and economic recession decreased flight demand. These factors have greatly hindered commercial air profits in the past few years The airline industry hopes that current drop in fuel price will exceed the drop in demand History shows that the future of the commercial aviation industry depends largely on sustained U.S. economic growth.
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Rita, Research and Innovative Administration. Bureau of Transportation Statistics. Available: http://www.rita.dot.gov/http://www.rita.dot.gov/ Wyman, Oliver. Federal Aviation Administration. April 2009. Available: http://www.faa.gov/news/conferences_events/aviation_forecast_2 009/agenda/media.pdf http://www.faa.gov/news/conferences_events/aviation_forecast_2 009/agenda/media.pdf IATA, International Air Transportation Association. Available: http://www.iata.org/whatwedo/economics/fuel_monitor/price_de velopment.htm http://www.iata.org/whatwedo/economics/fuel_monitor/price_de velopment.htm National Transportation Statistics Summary. Available: http://www.bts.gov/publications/national_transportation_statistics /
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