Study says FAA could lose $1 billion from its budget due to Congress’s automatic cuts

An economic study released Monday shows the predicted negative impact on U.S. air travel, including Colorado’s bustling airports, if Congress fails to create an alternative solution to January’s automatic budget cuts.

The independent study is one in a series commissioned by Aerospace Industries Association. It estimates that the cuts to the Federal Aviation Administration’s operations will result in a loss of up to 132,000 aviation jobs and a reduction of $80 billion each year from the national GDP.