COVID-19 Impact

Austin airport flies away with $58 million bailout due to COVID-19

Austin airport flies away with $58 million bailout due to COVID-19

Austin-Bergstrom International Airport ABIA
ABIA will receive $58 million after the coronavirus outbreak lead to an 80 percent decrease in passengers last month. Photo courtesy of Austin-Bergstrom International Airport

KVUE —  Austin-Bergstrom International Airport (AUS) is expected to receive $58,735,130 through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, according to the Federal Aviation Administration (FAA).

The U.S. Department of Transportation announced on Tuesday, April 14, that $10 billion will go to 55 airports to provide support for critical operations, payroll, and safety management support. 

“This will allow us to mitigate financial losses from the COVID-19 event and continue to provide essential transportation services to those in our community who need to travel. While AUS is still working through the specifics of how funding will be applied, federal guidelines allow funds to be utilized for airport capital expenditures, airport operating expenses including payroll and utilities, and airport debt payments. AUS thanks our Congressional Delegation for helping ensure that AUS can remain operational and open for vital travel and cargo now and in the future,” a spokesperson for the Austin airport said in a statement.

Dallas-Fort Worth International Airport (DFW) is expected to receive $299,199,046 and George Bush Intercontinental/Houston Airport (IAH) is listed for $149,187,847, according to the FAA. The San Marcos Regional Airport will receive $157,000.


Read the full story at KVUE.