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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis International Airport
officials are facing a budget shortfall because of fewer flights at the
same time they have higher costs from the new terminal that opened last
year.
Officials expect revenue to be $15
million less than planned this year but that the airport has enough
cash reserves to cover the shortfall.
Flight traffic at the airport is down nearly 10 percent
from a year ago, while the new terminal is about twice the size of the
old one.
Airport CEO John Clark told The Indianapolis Star he is
confident that the costs could be managed and the airport could stay
within its budget this year. But he also said that the outlook for the
aviation industry is not promising, and that it has lagged behind
previous economic recoveries.
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