The region’s biggest airports are investing more than $30 billion in new runways and terminals over the next decade after a bumper year pushed international passenger numbers near record-breaking levels.
But airlines warn the spending boom will make airfares more expensive because travellers will ultimately foot the bill for these upgrades, not the industry superannuation funds or investors which own the airports.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
