Orlando International Airport, Director, Kodak discussed on Marketplace
Your commercial aviation data point for this Monday. Almost 832,000 people passed through, say checkpoints yesterday. That's a lot, especially in this corona virus economy. We're just about every business that touches on air travel has been hit. Thing is that 832,000 is way down from the more than 2.5 1,000,000 people who flew a year ago yesterday. This has been all the most evidence with airlines, cutting back flights and getting ready to lay off tens of thousands of workers. But spare a thought, would you For airports. We asked marketplaces aren't embarrassed to check in. Before the pandemic. The Missoula Montana Airport used to handle a couple 1000 passengers a day, then Kobe hit. Chris Johnson is the airport director. You could, you know, walk in and then roll a bowling ball through the building and never hit anybody. It was really kind of surreal. On its slowest day, only 40 passengers pass through the Missoula airport. Now it's back to about half the traffic it had before the pandemic, but that means it's still bringing in a lot less revenue from airline landing fees. Passenger use fees parking. Bob Man is an industry analyst. Every time you buy a meal at a terminal restaurant, or AH, newspaper or magazine at the newsstand or use a rental car. You're paying a fee to the airport. The trouble is, we're doing a lot less of that these days, you know and not show. It's a bloodbath. And when it comes to stopping the bleeding airports are pretty much on their own essentially their their own financial ecosystems. They generate their own revenue. And with a few exceptions, revenues generated the airport have to stay at the airport. That's Janet Bednarek, the author of Airports, Cities and the Jet Age. Some airports are trying to squeeze more revenue out of operations during the pandemic. At Orlando International Airport, CEO Phil Brown says that means handling different kinds of cargo. We're looking at a really tryingto raised the games you will for cargo to more have value cargo that needs to be delivered quickly. So Pharmaceuticals man Personal protective equipment, for example, instead of packages for the Postal Service and FedEx. Missoula, Montana is airport took a different approach to weathering the downturn. Director Chris Jensen says it was all about cutting spending. I don't believe there was a single point in our budget that wasn't impacted. So whether you're talking, you know, office supplies or personnel, we really went top to bottom. Left to right and and cut every possible category. At the end of the day, though, the only way airports are going to recover is a passenger aviation recovers America Baris for Marketplace. Coming up A stomach just kind of feels a little bit crazy, and I tend to stiffen up anxiety and your finances but first Let's do the numbers. Now Industrials 3 57 today one of 3/10 percent 7 27,091 The NASDAQ, though, dropped 42 points, just under 4/10 percent ended things a 9 10,068 the S and P 509 points, 3/10 percent landed at 33 60. 3.6 million. That's how many gun background checks the FBI reports that process last month. That's up 88 0% over July of last year on that, by way of background for some news about Smith and Wesson brands. Cos. Preparing to spin off its outdoor goods business from its firearms side a couple of weeks chairs and Smith and Wesson gained one and 4/10 percent of 1% today. Remember that $765 million loan that we reported he's been Kodak was going to get from the federal government's sent shares skyrocketing? Well. Since then there have been allegations of security violations. Couple of law firms announced they may file suit today, the White House put kibosh on that loan chairs and Kodak Underdeveloped today get it under developed almost 28%. You're listening.