(Bloomberg) – US airports can contact the municipal municipal bonds for funding if federal infrastructure financing is returned to the promise of President Donald Trump to reduce state consumption.
Most reading from Bloomberg
Many objects rely on federal scholarships to fund the renewal of infrastructure aging. Former President Joe Biden’s administration changed $ 14.5 billion over five years to modernize objects and improve service in the middle of flourishing in air travel after a pandemic. The decline in such funding would force airports to fill the gap on their own – through borrowing or other measures or forcing them to reduce projects, said Seth Lehman, the higher director of the Global FITCH infrastructure group.
“For some airports, it may be that less grants mean more debt borrowing to make the job done,” Lehman said.
The airports are already the main publishers of municipal bonds, borrowing more than $ 20 billion in debt 2024, according to data collected by Bloomberg. Much of these sales came from the largest centers in the country, such as John F. Kennedy’s international Airport in New York or the Orlando International Florida Airport.
But Lehman said that smaller objects would be most affected by a decrease in federal scholarships. Content in tourist hot videos such as Key West, Florida and Myrtle Beach, South Carolina, usually rely on support, not long and may have to re -examine their funding strategies, he said.
“If we start seeing a decrease in annual financing, it puts more pressure” to the airports, he said. But for the necessary projects, the airports can touch the Muni market. “They know they can go to the capital market,” he said.
Lehman expects the airport issuing this year to raise between $ 15 billion and $ 20 billion, especially since many borrowers have already sold bonds in 2024.
Most readings from Bloomberg Businessweek
© 2025 Bloomberg LP
