Economy

All the latest articles about Economy

The economy may be tanking, but right now a tank of gas costs way less than it did last year at this time. As I prep for my Thanksgiving trek, I’m thankful for that. Travel-wise, this year, I’m also grateful for: City bus drivers who wait a few extra seconds before pulling away from the […]
As summer winds down, the bad news about air travel just keeps piling up. Airlines are announcing system-wide route cuts while hiking fees for everything from checking bags to serving snacks and water. And while fuel prices are finally dipping, airfares are not — nor are the irritations associated with flying. (Column illustration by Kim […]
Three new terminals and at least one fresh new airport are set to open in the United States this fall. With all the news about airlines cutting flights and eliminating service, let’s hope someone will get to enjoy these new facilities. The new 26-gate North Terminal at Detroit Metropolitan Airport (DTW) opens for business on […]
In an effort to replace the revenue they used to get from airlines, some airports have found they can earn cash from slot machines, t-shirts, oil rigs and acres of hay. In my article about this for Portfolio.com, I also found two airports where the naming rights are up for sale.
While airlines are having well-publicized financial woes, many airports are doing quite well. One reason: travelers spend money when they’re stuck at the airport. Another: both general aviation and commercial airports figured out long ago that they need to diversify their income. Leases for farming, hotels, and golf courses on airport-owned land are popular. But […]