"Mexican President Warns of High Risk Operations at Capital Airport"

1 min read
Source: Yahoo News
"Mexican President Warns of High Risk Operations at Capital Airport"
Photo: Yahoo News
TL;DR Summary

Mexican President Andres Manuel Lopez Obrador defended his decision to move cargo from Mexico City's principal airport, stating that operations at the airport are "very risky" due to operating at 150% of its capacity. The government-mandated flight cuts, set to take effect in January, have been criticized by industry groups and will also impact the usage tax collected from passengers. The move comes after the president scrapped the construction of an unfinished airport upon his election. Ratings agency Fitch recently revised the outlook of the trust managing the airport's outstanding bonds to negative, citing concerns about maintenance and passenger congestion.

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