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Article: INTERNATIONAL FLIGHTS A BOON FOR REGION STUDY: UPGRADES NEEDED TO KEEP LAX COMPETITIVE AIRPORT LOSING OVERSEAS TRAVEL TO COMPETITION.(Business)

Article from:
Daily News (Los Angeles, CA)
Article date:
September 13, 2007
Copyright

Byline: ART MARROQUIN

Staff Writer

Overseas flights at Los Angeles International Airport added 363,700 jobs and $82.1 billion to the Southern California economy last year, but the aging facility needs serious upgrades to remain competitive, a study released Wednesday says.

The Los Angeles County Economic Development Corp. report said nearly $73 billon came from cargo carried aboard passenger jets headed to Europe and Asia, $6 billion came from airport operations, and $3 billion came from foreign tourists spending money in the region.

"These are colossal numbers," said Greg Freeman, the study's author and vice president of the nonprofit ...

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