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Friday, July 15, 2022 6:42:06 PM
“More than 61 million people traveled through LAX last year.”
“LAX is a dynamic airport which creates, attracts and supports economic activity throughout Southern California. According to a recent study, LAX has an annual economic impact of $60 billion. This is generated by aviation activity on or near the airport, by off-airport expenditures related to the use of aviation services, and by money that is again spent and circulated throughout the local economy. An estimated $21 billion of this total is generated within the City of Los Angeles.
LAX creates jobs. An estimated 59,000 jobs, directly attributable to LAX, are located on or near the airport. Approximately 408,000 jobs, spread throughout the region, are attributable to LAX. The employment in the City of Los Angeles due to the airport is estimated to be 158,000 jobs. One in 20 jobs in Southern California is attributed to LAX operations.”
https://www.airport-la.com/info/airport.html
"Be fearful when others are greedy, and greedy when others are fearful."
_Warren Buffett
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