Economics
Economic Climate Impacting Logan & Massport
Friday, October 31st, 2008Logan International Airport is seeing 5% YTD decline in passenger traffic due to airline cost cutting & passenger belt tightening. Growth has been slowing year-over-year since 2005. But this slide is expected to continue through 2009 and likely into 2010. Massport operating budget of $364.6m has been reduced by 5% or $18m. Travel expenses have been cut [...]