The Risky Business of Airports

Airports are important investments for cities, but are also highly risky because they rely heavily on the whims of the airline business. Alex Marshall looks at how some of the underrepresented airports are coping.

Marshall focuses on St. Louis's Lambert-St. Louis International Airport and Pittsburg's Pittsburg International Airport, but attempting to adapt after losing their hub status from major airports.

He writes, "...there's the grand failure that is Canada's Montréal-Mirabel International Airport: It opened in 1975 some 25 miles outside Montréal, and hosted all inbound and outbound international flights until 1997, when its distant location and lack of transport links became problem enough to stop passenger flight operation. It has since been used only for cargo and as a setting for motion pictures."

Full Story: Airport Economics

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