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HOME :: RESEARCH :: DEBT :: NEWS:: SEP 2008

Airport stays on top of debt


Lingering post-9/11 shock, record-low airfares and soaring fuel prices have packed a wallop to airlines flying into Pittsburgh in recent years -- and the airport built for them.

Yet Pittsburgh International Airport, completed in 1992 to meet the specifications of an airline that later twice filed for bankruptcy, continues to pay off a hefty debt and its bills on time, say officials with the Allegheny County Airport Authority, which operates the facility.

It has done so by trimming costs and drumming up revenue through passenger charges and by attracting low-fare carriers -- which in turn increases parking and other non-aviation income.

read entire article on Pittsburgh Tribune Review

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