The comment by the consultant at the Boyd Group was right on the money - the story for public consumption is that they don't compete with each other. The reality is that they do compete, with MIA
seeking low-cost low-fare carriers to drive down airfares, and FLL
offering financial incentives to airlines that will start service to certain international destinations.
I love the comment by MIA
's spokesperson about them targeting different markets. The reality is that they'll take any traffic they can get, even if it's Joe's Airways from Naples, FL
And if airlines think the costs at MIA
are high now, they haven't seen anything yet as time progresses and the costs of all the capital improvement programs kick in.
It was not that long ago when MIA
had between 25 and 30 million pax a year and FLL
was around 5 million. Now FLL
recorded 5.5 million pax from January 1st to March 30th of this year. That's 22 million pax a year if the next 3 quarters equal the first quarter. The FLL
Airport Expansion Program Update (link above in F9Fan's post) says they expect 25 million pax by 2015. I think they need to update their figures because they're going to hit 25 million in a year or two at the most.