Long Beach faces loss of millions of dollars as half of airlines serving airport take off.Long Beach faces loss of millions of dollars as half of airlines serving airport take off The exodus of more than a third of the flights serving Long Beach Airport in the last year could ultimately mean a loss of $2.5 million in direct and indirect annual revenue. The number of daily takeoffs from Long Beach Airport has fallen to 24 today from 37 a year ago. The number of airlines serving the airport has been halved halve tr.v. halved, halv·ing, halves 1. To divide (something) into two equal portions or parts. 2. To lessen or reduce by half: halved the recipe to serve two. 3. to four. Airlines that have left the airport are USAir, Continental, Delta and TWA TWA Time-weighted average, see there . The remaining airlines are American, America West, United and Alaska. Spokesmen for TWA, Delta and USAir all cited weak bookings as their reason for abandoning the airport. The lack of flights could, in a worst case scenario
Worst Case Scenario is a reality show aired on TBS in 2002 in the U.S.. , result in a yearly loss of $1 million of direct revenues, said Chris Kunze, manager of Long Beach Airport. Direct revenue is money the airport collects from airlines in landing fees, ramp fees and gate use fees, among other things. Kunze said the airport could lose another $1.6 million in indirect revenue -- money collected in parking fees and its slice from restaurants and car-rental firms, based on their business volume. Long Beach Airport currently takes in about $14 million in revenues annually. But the worst-case scenario worst-case scenario n → Schlimmstfallszenario nt of a $2.6 million loss may not actually come to pass, Kunze said, because the holdout hold·out n. One that withholds agreement or consent upon which progress is contingent. Noun 1. holdout - a negotiator who hopes to gain concessions by refusing to come to terms; "their star pitcher was a holdout for six airlines may end up booking more passengers per flight, Kunze said. Thus, the airport might not lose as much in indirect revenue as it anticipates, he explained. "We just don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. at this point how much that (indirect revenue loss) will be," he said. The airlines that left the airport, meanwhile, just weren't booking enough passengers. USAir, for instance, ceased operations at Long Beach Airport in May because "the passenger loads had not been at the desired levels to justify continued service at Long Beach," said Agnes Huff, spokeswoman for USAir. USAir previously flew five flights a day out of the airport to San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. and Phoenix. Delta discontinued service to Long Beach at the end of March, citing "very disappointing" passenger traffic, said Delta spokeswoman Francis Conner. It was previously flying to Dallas/Ft. Worth and Salt Lake City from Long Beach. Further, in July 1990, TWA "moved those (Long Beach) aircrafts to routes that were a little more profitable," said TWA spokesman Jim Faulkner. TWA was primarily making flights to St. Louis from Long Beach at the time, he added. |
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