
Budget airlines contributing to passenger boom at NYC-area regional airports
On a random Tuesday afternoon, Westchester County Airport was a busy place. Frequent flier Jill Forrester said she has noticed a big increase in passenger volume.
"I have. The waiting room is always packed. There's not a lot of places to sit down. That's why we're up here in the observation tower. It's just a little bit quieter," Forrester said.
Read more: Newark Airport experiences another air traffic control outage
Why the boom in passengers at regional airports
Airport statistics show Westchester County handled 1.5 million passengers in 2017, but in 2024 that increased to 2.3 million.
At Tweed Airport in New Haven, a Hearst Connecticut Media study found passenger traffic is up tenfold since 2019. With traffic way up, Tweed is looking at a big expansion, more than doubling the current terminal space.
At both airports, traffic is rising since the debut of service by budget airlines such as Avelo and Breeze.
"Avelo and Breeze have built routes out of Westchester and Tweed airports to places that people want to go, mostly leisure-focused destinations, and they are charging fares that are potentially more reasonably priced than some of the other airlines that have served those cities," travel industry analyst Henry Harteveldt said.
Asked for comment about passenger volume, Westchester County, which is always sensitive to complaints about airport noise, provided a statement from spokeswoman Catherine Cioffi.
"While more passengers are moving through HPN, the number of enplanements hasn't increased dramatically. What we are seeing in 2025 is a shift toward larger, more efficient and quieter aircraft, meaning more people per flight, not more flights overall. This is not a surge in air traffic. This is simply smarter, more streamlined air travel. The number of planes in the sky remains stable," Cioffi said.
"That said, anyone who has been to the HPN terminal knows it's time for an upgrade, which is why the county issued a Request for Proposals to modernize the terminal at Westchester County Airport. Our objective is to identify a consultant who will work closely with the county to develop distinct design concepts for consideration. Each will focus on enhancing the overall airport experience for passengers. This is not expansion. It's about being able to offer essentials: a seat, a cup of coffee and a bathroom. We are committed to a transparent and competitive process that puts the needs of our residents and travelers first. It's also worth noting that commercial flights make up only about 30% of total takeoffs at HPN," Cioffi added.
There is a drawback to the regional airports, analyst says
The budget airline destinations include smaller markets in Florida and hotspots such as Myrtle Beach and Charleston, South Carolina, but with limited schedules compared to major airlines Harteveldt says budget travelers need to be aware.
"If your flights are delayed or cancelled, your options are going to be limited to get you to your destination, whether you are on your way to a vacation or on your way back home," Harteveldt said.
Breeze is expanding aggressively in the region, also adding service at MacArthur Airport on Long Island and Stewart Airport in Orange County.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
UN Lays Out Survival Plan as Trump Threatens to Slash Funding
(Bloomberg) -- Secretary General Antonio Guterres is slashing more than $700 million in spending and laying plans to overhaul the United Nations as its largest sponsor, the US, pulls back support. We Should All Be Biking Along the Beach Seeking Relief From Heat and Smog, Cities Follow the Wind Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole NYC Mayor Adams Gives Bally's Bronx Casino Plan a Second Chance Boston's Dumpsters Overflow as Trash-Strike Summer Drags On Guterres's plan calls for 20% cuts in expenditures and employment, which would bring its budget, now $3.7 billion, to the lowest since 2018. About 3,000 jobs would be cut. Officially, the reform program is pegged to the UN's 80th anniversary, not the new US administration. But the scale of the reductions reflects the threat to US support, which traditionally accounts for 22% of the organization's budget. President Donald Trump has suspended that funding and pulled out of several UN bodies already, with a broader review expected to lead to further cuts. 'We're not going to be part of organizations that pursue policies that hamper the United States,' Deputy State Department spokesman Tommy Pigott told reporters Thursday. The planned cuts at the UN come as the Trump administration has eliminated tens of billions of dollars in foreign aid as part of its drive to focus on what it sees as US interests. Conflicts from the Mideast to Ukraine and Africa have added to the need for global assistance. After years of financial struggles, the UN under Guterres already was planning to make sweeping structural changes. He warned in January it was facing 'a full-blown liquidity crisis.' Overall, spending across the UN system is expected to fall to the lowest level in about a decade - down as much as $20 billion from its high in 2023. 'UN 80 is in large part a reaction from the Secretary General to the kind of challenges posed by the second Trump administration,' said Eugene Chen, senior fellow at New York University's Center on International Cooperation. Guterres is expected to release details of his overhaul plans in a budget in September. The plan calls for restructuring many of its programs. Guterres controls the UN's regular budget, which is only a fraction of the total expenditures of its affiliates. Facing funding shortages of their own, agencies like UNICEF and UNESCO are also planning major cutbacks. The Trump administration already has stopped funds from going into the UN Relief and Works Agency for Palestine Refugees in the Near East, withdrawn from the UN Human Rights Council and left UNESCO. Guterres' plan has also drawn criticism, both from Trump allies and inside the UN. 'There are some things that the UN does that arguably should be increased in terms of resources,' said Brett Schaefer, a senior fellow at the conservative American Enterprise Institute. 'And then there are some things that the UN shouldn't be decreasing but eliminating altogether.' He cited the UN's nuclear watchdog and the World Food Program as contributing significantly to US interests and singled out the Food and Agriculture Organization and Human Rights Council as having mandates at odds with American policy. Meanwhile, UN staff in Geneva announced last week they passed a motion of no confidence in Guterres and the plan. 'Staff felt its slash and burn approach lacked focus, had no strategic purpose, and was making the UN more top-heavy and bloated,' Ian Richards, president of the UN Staff Union in Geneva, posted on LinkedIn about the UN 80 report. That vote has largely symbolic importance, according to NYU's Chen. Still, Guterres' efforts to get ahead of the inevitable cuts that reductions in US support will bring could help the UN adapt, he added. 'Maybe that's a silver lining,' Chen said. 'We'll all be primed for reform.' --With assistance from Eric Martin. How Podcast-Obsessed Tech Investors Made a New Media Industry Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Russia Builds a New Web Around Kremlin's Handpicked Super App Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts What's Really Behind Those Rosy GDP Numbers? ©2025 Bloomberg L.P.
Yahoo
2 hours ago
- Yahoo
Results: National Fuel Gas Company Exceeded Expectations And The Consensus Has Updated Its Estimates
National Fuel Gas Company (NYSE:NFG) came out with its third-quarter results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It looks to have been a bit of a mixed result. While revenues of US$532m fell 10% short of what the analysts had predicted, statutory earnings per share (EPS) of US$1.64 exceeded expectations by 9.5%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. After the latest results, the four analysts covering National Fuel Gas are now predicting revenues of US$2.84b in 2026. If met, this would reflect a huge 30% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 214% to US$8.45. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$2.84b and earnings per share (EPS) of US$8.45 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. View our latest analysis for National Fuel Gas The analysts reconfirmed their price target of US$95.00, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values National Fuel Gas at US$107 per share, while the most bearish prices it at US$86.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that National Fuel Gas' rate of growth is expected to accelerate meaningfully, with the forecast 23% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 5.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.8% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect National Fuel Gas to grow faster than the wider industry. The Bottom Line The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for National Fuel Gas going out to 2027, and you can see them free on our platform here.. Even so, be aware that National Fuel Gas is showing 4 warning signs in our investment analysis , you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Forbes
2 hours ago
- Forbes
Powerball Jackpot Hits $426 Million—Here's How Much the Winner Could Take Home After Taxes
The Powerball jackpot ticked up to $426 million after no winners were drawn Saturday night, but a lucky winner or winners would take home substantially less after paying federal and state taxes on their winnings. Winners from Monday's upcoming drawing could get either $426 million in installments or a lump sum of $193.5 million, but that would get slashed significantly after taxes. Getty Images No tickets were sold matching all of Saturday's numbers (6, 18, 34, 35, 36, and Powerball number 2), raising the jackpot again for Monday's upcoming drawing. If a winner is drawn Monday, they will have the option of either accepting the $426 million prize spread out over 30 annualized payments, or take the lump sum of $193.5 million, which is the more popular option for winners. However, a federal withholding tax of 24% is applied to that jackpot, bringing the winnings down to $323.7 million, or $147 million for the lump sum. The winnings are then taxed based on the winners income—which could rise as high as 37% for Americans in the highest tax bracket, bringing the final winnings for the lump sum down to $121.9 million. State taxes then reduce this jackpot even further, with New York charging the highest rate at 10.9%, though some states, including California, Florida and Texas, do not tax winnings. The next drawing is scheduled for Monday night at 10:59 p.m. EDT. If no winner is drawn Monday, the next drawings will take place Wednesday and Saturday. Key Background The odds for winning the Powerball jackpot are 1 in 292.2 million, according to the lottery organizers. The odds of winning the $1 million prize (with a ticket matching five numbers without the Powerball number) are 1 in 11.6 million. Big Number $526 million. That's how much a lucky winner in California got after purchasing a winning ticket in March. Because that player won in the Golden State, they did not have to pay state taxes on those winnings.