Monday, March 02, 2009

Airports in the Recession

As the recession continues and the country flirts with what is likely to be a depression, Airports are anything but immune to the economic crisis.

San Antonio Airport has delayed a planned expansion details and I'm confident that we'll see a lot more of this over the coming years.

Air traffic will almost certainly decline as business slows and travelers choose cheaper destinations for vacations, preferring to drive and save rather than fly. Although ticket prices no longer seem to reflect the huge fuel costs of months ago it seems unlikely this summer will bring a huge air travel boom. Most Americans are licking their economic wounds and although I have not seen study results yet, it's a very good bet that travel this summer will be down - I'd guess quite a bit unless we see the stimulus and TARP plans have immediate hugely positive effects that now appear very unlikely.