Sea-Tac Airport to lose $251M through 2020 amid pandemic

SEATTLE (AP) — Seattle-Tacoma International Airport director Lance Lyttle says nosediving passenger traffic and flight cancellations will cost the airport roughly $251 million by the end of 2020, representing a 37% blow to the airport’s anticipated revenue for the year. The Seattle Times reports the anticipated hit to revenues is well above the $192 million in federal funds authorized for the airport’s use by the coronavirus aid package. Lyttle says Sea-Tac will draw on the federal funds to service debt, cover payroll and meet operating expenses like maintenance and security.