keady - it's the old "chicken or egg" situation. Without a subsidy no airline is going to serve an airport. And, without a rapid and lucrative payback no airline is going to serve after the subsidy ends. Suggested maxim is that subsidized airport fares need to be at least equal, or less than closest to drive-city or (in the old days) nearest Southwest Airlines service. Which equals a recipe for Ch. 11
| Stewart Airport looks to minimum revenue guarantee to lure airlines back | | With passenger totals shrinking and only two airlines currently operating at Stewart International Airport, regional leaders are trying a new tactic to attract carriers: a minimum revenue guarantee. The Hudson Valley Economic Development Corporation, a public-private partnership that assists businesses in relocating or expanding in the Hudson Valley, is helping facilitate the creation of a fund designed to reduce the financial risk for airlines that begin service at the airport. Currently, only Allegiant Air and Breeze Airways fly out of Stewart, mostly to Florida and a few other Southern destinations. Max Rosen/Albany Times Union |
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