Some may
question the wisdom of
expanding airport
services at a time when two
national airlines, United and American, have filed for
bankruptcy and the entire
industry appears back on its heels. The majority of regional airports in the Ninth District saw passenger numbers increase in 2002, and many set passenger records last year. Service expansion projects, lower airfares, changes in flight operations and a relatively smooth transition to new security measures are also helping most of these smaller airports compete at a time when passenger traffic at Minneapolis-St. Paul International (the district's only large-hub airport) dropped 4%. Like the big airports, the district's regional airports suffered from the events of Sept. 11, and some airports were hurt worse than others. The best recent news for regional airports, however, is lower airfares. While major airline operations fell by 1.1% in 2002, regional airlines such as Mesaba jumped 16.6%.
This digital document is an article from Fedgazette, most recently published by Federal Reserve Bank of Minneapolis on May 31, 2003. The length of the article is 2757 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation DetailsTitle: Regional airports: Embarking on smoothe skies
Author: Dave Page
Publication:Fedgazette (Feature)
Date: May 31, 2003
Publisher: Federal Reserve Bank of Minneapolis
Volume: 15
Issue: 3
Page: 10-13
Distributed by ProQuest Information and Learning.
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