And, the future begins, now.
It's clearly a very rough draft, but this represents the end of 20 years' dormancy in terminal expansion and the first discernible kickoff of the next decade or two of ORD's life. (So to recognize 2017 as a landmark year here, I'm making this my 3000th post on SSP.) (Ok, total coincidence.)
www.chicagobusiness.com/article/20170128/ISSUE01/170129841/at-chicagos-ohare-airport-negotiations-with-airlines-get-serious
The article has some depressing statistics on flaccid passenger growth at O'Hare versus virtually all other big hubs in the country over the last fifteen years. But it adds one interesting factor:
Quote:
...what the big airlines want most is to keep a lid on landing fees that O'Hare charges airlines to pay for operations and the debt required for expansion. The airlines' per-passenger cost at O'Hare was about $14.55 in 2015. That's in line with Los Angeles and San Francisco but well ahead of Denver, which was $11.82, Dallas-Fort Worth at $8.75 and Atlanta at $4.86.
O'Hare's costs are set to soar because of runway construction already completed. The cost-per-enplanement will hit $20 in 2018 and $25 by 2025, according to Fitch.
"Chicago will be going higher (on landing fees), but most of the large hub airports will be going higher as well," Heffintrayer, the Moody's analyst, says. "Everyone will be coming up to what Chicago is likely getting to."
New York's JFK has a $10 billion capital plan; Los Angeles is spending $6.8 billion; Atlanta plans about $6 billion; Dallas is shooting for $2.7 billion; San Francisco has penciled in $2.6 billion.
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Demonstrates how City finance issues have a lasting impact on customer growth at airports over the long term.