While the airlines are seeing losses with high fuel prices and intense competition, individual airports are doing very well in traffic volume. Since the airports charge revenue by passenger arrivals and departures and gate fees, it means that the airports revenues are not dependent on the airlines success, but just the passenger volume. Las Vegas has had a particularly good year on 2005.
“We are seeing tremendous volume of passengers into our airport,” McCarran Airport spokeswoman Elaine Sanchez said. “It is a good thing for our community.” McCarran saw 44.3 million passengers come through its gates last year, a 6.8 percent increase from the previous year and a 22 percent jump from 2003.
These large increases follow a few years of flat growth following the terrorist attacks in 2001. After a few months of double-digit declines following 9/11, the airport rebounded to post only a .5 percent decline in 2002, followed by a 3.6 percent increase in 2003 before the two years of record-setting growth. Via Las Vegas Business Press