Passenger traffic trends upward as airport considers privatization
- Passenger traffic at St. Louis Lambert International Airport (STL) continues to move upward, seeing a 5.8 percent increase in 2017. The pattern is on track to continue in 2018 as volume is up 6.0 percent year-over-year through August. That rate would put total volume over 15 million passengers for the first time since 2007. Southwest remains the dominate airline, handling 57.5 percent of the airport’s total volume. Passenger traffic peaked in 2000 when St. Louis was a hub for TWA, and 30 million people moved through the two terminals.
- The city is currently exploring a privatization deal for the airport that would make it only the third in the country with a public-private partnership. If approved and complete, the move could provide a significant amount of money to the City, which currently receives approximately $6 million from the airport annually.
Source: JLL Research , FLY STL