How should investors and ratings agencies vet the financial health of public airports? Many traditional measures of financial efficiency and profitability aren’t entirely applicable to publicly-operated airports. In a new paper, researchers propose some metrics...
When COVID-19 hit in 2020 and airports turned into ghost towns, it was anyone’s guess whether some airports (and their bond ratings) could weather the storm. New research, published in a recent issue of the Journal of the Transportation Research Forum, shows how...
Former finance director of Huntington Tri-State Airport, Melissa Sue Hall, pleaded guilty to theft of federal funds after misappropriating nearly $49,500 from the airport. Included in the embezzled amount is the $10,000 federal funding received per year and deposited...