During a media briefing, Principato also stressed that the existing federally-mandated funding system fails to meet U.S. airport capital needs for modernizing airport capacity which is critical for a safe, efficient and globally competitive aviation system.
“These data also make the case for an increase in the local user fee used by airports to fund development. The value of the Passenger Facility Charge has declined dramatically in inflation adjusted terms since Congress imposed the PFC ceiling in 2000,” Principato said.
To review the report, click here.
For a presentation on the highlights of the study, click here.
Airports Council International - North America represents local, regional and state governing bodies that own and operate commercial airports in the United States and Canada. ACI-NA member airports enplane more than 95 percent of the domestic and virtually all the international airline passenger and cargo traffic in North America. More than 350 aviation-related businesses are also members of the association, which is the largest of the five worldwide regions of Airports Council International.