Why I'm Bullish On Airports

The argument behind “Why I’m Bullish On Airports” centers on the gap between airport investment needs and how few U.S. facilities have embraced private participation. The piece points to San Antonio, home to U.S. Global Investors, where an international airport is undergoing a $2.5 billion expansion and a new terminal. It says the rest of the developed world addressed similar issues decades ago, with more than 850 airports across 90-plus countries using some private-sector involvement. Before the pandemic, privatized airports handled about 75% of European passengers, two-thirds of Latin Americans, and nearly half of Asia-Pacific travelers, while North America stood near 1%. It cites research linking privatization to more routes, competition, and lower average fares, but notes U.S. progress has stalled due to governance and politics.