WEATHER ALERT
Airports face financial impact from coronavirus pandemic
Read full article: Airports face financial impact from coronavirus pandemicJust two months ago, the Houston Airport System touted a record year with 59 million passengers moving through George Bush Intercontinental Airport and William P. Hobby Airport in 2019. Airport operations rely on passenger facility charges, better known as a PFC. Every time a Houston-area passenger books a flight through one of the Houston airports, $4.50 of the ticket price goes back to the airport system. “Let me say the airport system has done a pretty good job establishing a meaningful reserve, I believe it’s $500 million,” Turner said. On March 17, KPRC 2 was provided with an email from a high ranking city official showing numerous airport projects were being deferred or canceled.