Here’s how much Charlotte Douglas International Airport is worth to this region

It was an event that showed just how closely Charlotte’s economic fortunes are tied to the city’s airport: Top local leaders gathered with balloons and a festive buffet to lift a covering and ceremoniously reveal the airport’s newest economic impact...

Here’s how much Charlotte Douglas International Airport is worth to this region

It was an event that showed just how closely Charlotte’s economic fortunes are tied to the city’s airport: Top local leaders gathered with balloons and a festive buffet to lift a covering and ceremoniously reveal the airport’s newest economic impact...

27 February 2017 Monday 17:03
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Here’s how much Charlotte Douglas International Airport is worth to this region

It was an event that showed just how closely Charlotte’s economic fortunes are tied to the city’s airport: Top local leaders gathered with balloons and a festive buffet to lift a covering and ceremoniously reveal the airport’s newest economic impact estimates.

Held Monday at Charlotte Douglas International Airport’s executive offices on Wilkinson Boulevard, the unveiling featured effusive praise for the hub airport, which Mayor Jennifer Robert called the “economic crown jewel” and “roaring engine of our economy.”

Charlotte Douglas, an independently funded, city-owned entity, saw its 2016 passenger count dip slightly, falling 1 percent, to 44.4 million, from the prior year. The airport paid $79,000 for the study, carried out by UNC Charlotte using 2015 data, the most recent complete numbers available.

Charlotte is a city that loves its airport - literally unveiling new economic impact stats #clt #aviation pic.twitter.com/7jIb0yNsQL

Here’s the headline number: The airport’s annual economic impact totals $16.2 billion for the Charlotte region, when you factor in direct spending like aviation employee salaries and indirect benefits, such as jobs located here that rely on the hundreds of daily connections available at Charlotte Douglas. That’s up from a $9.7 billion estimate in 2005, the most recent study available, and a time when the airprot saw about 14 million fewer annual passengers.

Terri Pope, who runs American Airlines’ Charlotte hub, said the carrier is committed to Charlotte Douglas. American operates more than 90 percent of daily flights at the airport.

“Let me reiterate: American Airline is here to stay in Charlotte,” Pope said. “We ain’t goin’ anywhere.”

Here are some of the other key numbers from the study:

29,185

Direct airport jobs (American Airlines employees, airport tenants, contractors, etc.)

$1.45 billion

Direct payroll

195,225

Indirect jobs associated with the airport (hotel works, regional employers who use the airport, etc.)

$10 billion

Payroll associated with those jobs

Charlotte Chamber president Bob Morgan praised the airport as well, saying its in the top three reasons employers typically give for relocating to or expanding in Charlotte, along with the lower cost of living and doing business in Charlotte and the city’s workforce.

“There is no other asset that compares,” said Morgan. To American Airlines, he said: “You all bring us to the dance.”

Ely Portillo: 704-358-5041, @ESPortillo

Our editors found this article on this site using Google and regenerated it for our readers.

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