Airports have recently intensified their lobbying efforts to raise the Passenger Facility Charge (PFC) – possibly doubling the charge. A new report finds that increasing the PFC would suppress economic activity, reduce consumer benefits by billions of dollars, and cost thousands of jobs. On top of these harmful effects, increasing the PFC is unnecessary. PFC revenues have risen significantly faster than inflation, and America’s airports are in a strong financial position, benefitting from steady passenger growth, easy access to credit, and a swelling balance in the federal aviation trust fund.
You can read the full report here.