Airports face an annual $10-billion shortfall to meet their rising infrastructure needs, which total $99.9 billion over the next five years, an airport group says in a new report.
Airport officials are hoping that President Trump’s long-awaited infrastructure investment plan will include provisions to address the gap. They also are continuing to push for Congress to remove the limit on passenger facility charges (PFCs), an important airport infrastructure funding stream. But airport groups face opposition from major airlines and Trump’s reluctance to raise fees and taxes.