GAO: Airports obtained more than half of development funds from net income from 2009 through 2013

US Government Accountability Office released (Apr-2015) study findings of funding sources and planned capital development across US airports from 2009 through 2013. The study found the national system of airports had available an average of USD10 billion annually for capital development from the following funding sources:

• Airport-generated net income (USD3.8 billion);
• Federal Airport Improvement Programme grants (USD3.3 billion);
• Local PFC (USD1.8 billion);
• Airport sponsor or owner capital contributions (USD644 million);
• State grants (USD477 million).

Larger airports obtained more than half of their capital development funding from airport-generated net income, while smaller airports (small and non hubs and general aviation airports) relied on AIP grants for 69% of their funding. [more - original PR]