Domestic Airline Moves Bode Well for Major Hub Airports

Fitch Wire

The coronavirus pandemic has created openings for gates at established, major market hubs that were difficult for low cost carriers to break into in the past, says Fitch Ratings. As incumbent airlines scaled back and reduced flights, new carriers are taking advantage of access to vacant or underutilized gates, bringing more passenger diversity to these airports. Greater diversification of airline activity fees and other lease revenues across carriers makes airport revenues more resilient, positioning airports for a faster rebound once pandemic-related travel disruptions abate...more