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A4A Calls Proposed PFC Hike Wasteful, Unnecessary

2014-03-13 05:00:00| Industrial Newsroom - All News for Today

Responding to rationale for Passenger Facility Charge (PFC) hike derived from FAA long-term forecast, Airlines for America's (A4A) Sharon Pinkerton called the move "a revenue grab." U.S. airports have ample resources to fund capital needs. These include investment-grade credit, "ample access" to bond market, $10.6 billion in unrestricted cash and investments (282 days of liquidity), and $4.7 billion in uncommitted funds from federal Airport and Airway Trust Fund. This story is related to the following:Trade Associations

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