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Kimberly Ballard

Huntsville International Airport to Receive Funds from CARES Act

March 29, 2020/in News, Government, Travel/Leisure/by Kimberly Ballard

Huntsville International Airport is among the entities to receive aid in the $2 trillion coronavirus relief package passed by Congress and signed by President Trump last week.

HBJcoronavirus outbreakThe Coronavirus Aid, Relief and Economic Security Act provides financial assistance to the air travel industry to help overcome the staggering impacts of COVID-19. The legislation provides some $10 billion to the industry, including airports across the nation.

Commercial  airports have reported 50 to 85 percent revenue loss since the COVID-19 pandemic began. Huntsville International is among the hardest hit, according to the Aviation Council of Alabama.

“Huntsville International Airport projects that we will lose 75 percent of revenue for the next three months or a total of $7 million to $10 million,” said Rick Tucker, HSV CEO. “Our airport is operating in mission critical mode and without emergency assistance the outlook for us seems grim.”

Decatur’s Pryor Field Airport Authority is reporting a drastic decrease in business traffic as well.

“Tenants are not flying very much and none of the airport’s regular business travelers have utilized the facility in the last week,” said Airport Manager Adam Foutz.

Tucker said airports are economic drivers that provide vital transportation infrastructure to give communities access to business opportunities across the nation and the world.

“This is why we are tremendously grateful that the federal government has worked so hard to support the airline and airport workforce during these unprecedented times,” Tucker said. “We are pleased to see that after a week of negotiations, lawmakers, staff and the administration worked tirelessly to find an agreeable way to infuse needed funds into our organizations. These funds will protect our workforce so that we can continue providing passengers with an economic and cultural lifeline via the air transportation network.

“Huntsville International Airport will now do our part to continue safely operating and providing transportation services that will move our region past this pandemic and into the future.”

Tucker also thanked U.S. Sens. Richard Shelby, R, and Doug Jones, D, and U.S. Reps. Mo Brooks, R, and Robert Aderholt, R, for their work on the legislation.

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Tags: CARES Act, Coronavirus, COVID-19, Huntsville International Airport, Rep. Mo Brooks, Rep. Robert Aderholt, Rick Tucker, Sen. Doug Jones, Sen. Richard Shelby
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https://huntsvillebusinessjournal.com/wp-content/uploads/2019/12/HBJHSVSign.jpg 480 640 Kimberly Ballard https://huntsvillebusinessjournal.com/wp-content/uploads/2019/02/HBJ-Logo.png Kimberly Ballard2020-03-29 16:45:152020-03-29 16:48:33Huntsville International Airport to Receive Funds from CARES Act
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