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Airports Are Losing Money as Ride-Hailing Services Grow
Ride-hailing services like Uber and Lyft are changing how travelers get to the airport. This trend is negatively affecting airports, which depend on parking, rental car, and taxi fees as a primary source of revenue.
“Fewer people are parking cars at airports, using taxis or renting cars.”
“The Federal Aviation Administration reported in November that the $4 billion in fees collected last year for parking and ground transportation represented nearly 42 percent of the $9.6 billion in airport revenue from sources other than airline fees.”
Many airports are findings ways to make parking more accessible and appealing by offering discounts on prepaid parking club memberships or bundling parking rates with hotel stays and access to shorter security lines.
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