Regina Airport Financial Crisis. Literature & Language Essay

Regina Airport Financial Crisis
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 Regina Airport Financial Crisis
Regina International Airport is located in Regina, in the Saskatchewan province of Canada. It is among the international airports that have been hard hit by the COVID-19 pandemic. IFC reports that since airports were close as a measure to curb the spread of the virus, the first quarter of 2020 saw a drastic reduction in passenger traffic equivalent to 620 million passengers (IFC, 2020). Such is the case at Regina International Airport, where a financial crisis threatens to end operations. In a 2020 news article on Regina Leader-Post, Alec Salloum quoted Regina Airport’s CEO that “Regina Airport is in a financial crisis. 
The airport has had long-running financial difficulties, which culminated in spending $794,000 more than it earned in 2019 (Salloum, 2020). The airport's predicaments began with the Boeing 737 MAX 8 aircraft grounding, which resulted in a 2.7% drop in revenue. Since March...