Some long term improvements at Los Angles International Airport will be delayed.
Updates to outdated terminals and other airport facilities will have to wait as airline services are being cut.
With higher oil prices, increased fare wages, and more passenger fees…airlines are saying they need to consider the consequences of a prolonged economic downturn before spending money on improvements.
The stalled improvements would consolidate a rental car facility, a mid-field concourse and reconstruction of two runways.
LAX officials say they will proceed with a multi-billion dollar improvement of Tom Bradley International Terminal due to the high volume of foreign travel.
LAX is preparing to sell about one billion dollars in bonds to investors to help finance the first round of improvements.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment