Airports — The Good Old Days Are Gone.

The New York Times of July 10, 2012, Jane L. Levere, Vacancies at the Airport, reports that smaller airports — such as St. Louis, Cincinnati, and Oakland — have been experiencing a decline in airline traffic. Ditto for the Los Angeles area Ontario airport. Which is a big problem because airports rely to a large extent on landing fees paid by airlines, parking fees paid by air travelers, and concession fees, all of which decline as air traffic declines. But even so,¬†airline terminals have to be maintained, whether used or just sitting empty. Not good.

Airlines increasingly tend to concentrate on larger hubs and are abandoning the smaller ones.

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