VA Newsport Airport Shortfall w/audio (Vcr) KG WED
VA Newsport Airport Shortfall w/audio (Vcr) KG WED
(1 Wrap.)
>>Newport News Committed $4M To Help Keep Airport Afloat Amid Budget Shortfall
(Portsmouth, VA) -- The Newport News-Williamsburg Airport is facing financial challenges and is seeking taxpayer assistance to cover a $4 million shortfall for the 2026 fiscal year. Katie Gray reports.Preview: SCRIPT:
The airport has experienced financial losses for six years and is projected to have only $1.4 million in unrestricted cash by June. Despite suggestions to cut commercial service, the airport plans to pursue non-traditional aviation uses alongside commercial air service. The city of Newport News has committed to providing $3 million for operations and $1 million for capital projects, but some City Council members were not aware of this commitment. WAVY reports that discussions on the airport's future and funding sources are ongoing.