Stark economic conditions spell challenging times for airport operators. Yet even in today's difficult business climate, airports must respond positively to current and future capacity needs by continuing to shoulder major investment risks. Financing of capital investment can be tough when investors and lenders stand back cautiously. Abruptly declining traffic reduces airport revenues threefold - lower passenger charges, lower aircraft charges and lower passenger spending at the airport - and puts smaller and regional airports without economies of scale at even greater risk.
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