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SFO projects slow multi‑year recovery; airport received $232M federal support so far
Summary
SFO Director Ivar Sotero told supervisors the airport saw enplanements fall from about 29 million pre‑pandemic to a projected 8.5 million this fiscal year, is using debt restructuring and federal funding (about $232 million received so far) and has deferred roughly $2 billion in capital work to preserve cash.
San Francisco International Airport Director Ivar Sotero told the Budget & Appropriations Committee on May 5 that SFO’s recovery will be multiyear and that the airport has used a mix of debt restructuring, federal funding and capital deferrals to preserve cash.
Sotero said SFO carried roughly 29,000,000 enplanements before the pandemic and forecasts finishing the fiscal year near 8,500,000. "We were…
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