Industry Research

New York Airports Generate $63 Billion In Economic Activity

Posted on November 26, 2013

New York's airports are big players in the commerce that flows daily through the region. More than 2 million tons of cargo flowed through the airports last year, most of it through JFK, the seventh-largest cargo airport in the country.
New York's airports are big players in the commerce that flows daily through the region. More than 2 million tons of cargo flowed through the airports last year, most of it through JFK, the seventh-largest cargo airport in the country.

NEW YORK -- Travelers braving the long lines, frustrating security procedures and stressed-out crowds this week are not likely to think about the economic impact of their local airports.

The New York City region's three main airports—John F. Kennedy International, LaGuardia and Newark— accounted for nearly half a million jobs in 2012, up from just 248,000 in 2004, according to a study released Tuesday by the Global Gateway Alliance and the Partnership for New York City.

Those jobs total $22.8 billion in wages averaging $51,000, which is higher than 75% of all incomes in the U.S. All told, the airports' aviation operations, capital spending and tourism resulted in $63 billion in economic activity, the groups found.

Crain's New York Business article here

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