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U.S. Airports Spend Record Sums to Renovate Amid Travel Boom

LaGuardia Airport (LGA) in New York.
LaGuardia Airport (LGA) in New York.Photographer: David Williams/Bloomberg
Updated on

U.S. airports are breaking records on construction spending to cash in on a surge in travel while the industry is flush from years of low fuel prices.

Airports spent a seasonally adjusted $5.42 billion on construction in May, according to a preliminary estimate released by the U.S. Census Bureau on Monday, a 75 percent increase from a revised estimate of $3.1 billion a year earlier.