FRESNO AIRPORTS ECONOMIC IMPACT PEGGED AT $788.5M

Published On August 2, 2018 – 1:52 PM
Written By The Business Journal Staff

The Fresno Yosemite International Airport (FAT) system, including Fresno’s Chandler Executive Airport (FCH), generates just shy of $1 billion in economic punch, according to new data.

The annual business activity report examines the revenue and jobs contribution of both airports, which are owned by the City of Fresno but operate as independent enterprises.

Some highlights from the study include:

Airport activity, including the visitor industry and non-aviation real estate tenants on airport property, brings an annual direct contribution of $788.5 million to the regional economy.

Employment at both airports generates 9,307 direct, induced, and indirect jobs in the Fresno area.

Business revenue including salaries, purchases and taxes, and including the visitor industry and non-aviation real estate tenants on airport property, totals $559.8 million annually.

Re-sending and Consumption, which regards the purchase and services of goods produced locally, generated $228.7 million annually.

Out of the $788.5 million, business and tourism visitors arriving through FAT spend $184.2 million annually in the region.

Since the Great Recession in 2010, FAT has grown 36 percent in passenger traffic, and in the first half of this year, has experienced a 12.7 percent increase in passenger volume.

“As a major driver of regional economic activity and jobs, it is important that we invest in the future and plan for the continued growth of both airports,” said Director of Aviation Kevin Meikle. “The completion of Master Plan Updates for both airports will provide the framework to ensure future travel needs are met to further support a growing and prosperous economy for the region.”

https://thebusinessjournal.com/fresno-airports-economic-impact-pegged-at-788-5m/

Comments for this post are closed.