The cost of COVID

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Spending on capital improvement projects at Orlando International Airport is likely to be reduced for the time being say the airport chiefs as they look at a future beyond COVID-19.

CEO Phil Brown says the aviation authority had already agreed to reduce the 2020 financial year budget by US$18.4m, deferring US$28.6m of renewal and replacement projects and defer fees to airlines, concession and rental car companies.

The board then considered US$372m in reductions to the capital improvement program, noting the South Terminal Complex construction project can be reduced from 19 gates to 15, with the corresponding budget reduced by US$226m.

Orlando airport has received US$170m of CARES Act funding from the federal government. Passenger traffic has fallen 90%.

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