Reported 4 months ago
US airports are planning to enter the municipal bond market to raise billions of dollars for much-needed upgrades and maintenance as travel demand continues to rise. The upgrades include not only increasing runway capacity but also enhancing terminal amenities like shopping areas and lounges. Infrastructure improvements are crucial as airports face a $151 billion need for upgrades through 2027, with an expected increase in passenger volumes. Despite the pandemic's impact on air traffic, airports are prioritizing these upgrades to provide a better passenger experience and diversify revenue, with plans to issue around $21 billion in debt this year.
Source: YAHOO