Airport News
Lambert-St Louis International Airport generates $3.6 billion in revenues every year for the local economy, a new study has shown.
The St Louis Metropolitan Statistical Area is the 19th largest metropolitan area in the US, while Lambert is the 30th busiest airport in the country, based on passenger numbers.
Lambert served 12.7 million passengers and handled 153 million pounds of cargo in 2012.
The airport’s self-funded Economic Impact Study found that its services are directly responsible for 4,600 on-airport jobs, earning $273 million annually.
The overall impact of the airport and the businesses sustained by Lambert’s economic output amounts to 25,000 jobs with collective earnings of $1 billion.
The airport creates direct economic output of $1.8 billion, another $0.8 billion in indirect impact from business purchases as well as $1 billion in induced impact from employee household spending in the region.
Airport services account for two-thirds of Lambert’s direct economic impact of $1.8 billion. Visitor spending and capital improvements account for roughly one-third of direct output.
Examples of direct impact for Lambert include revenues generated by passengers buying airline tickets, companies shipping goods, customers parking at the airport, or travellers staying at hotels, eating at restaurants, and buying gifts.
