Yet Green sounded upbeat in a recent conference call, touting the airport's ability to handle future business for companies on its 10,000-foot international runway.Īirline industry analyst George Hamlin, managing director of the ACA Associates consulting firm in Virginia, said maintaining Southwest's service appears key to the airport's development. The company's stock reached $36.62 a share the same April week the BP well exploded. The developer's stock jumped 6 percent when the deal was announced, and continued to rise despite Florida's slumping economy. The land developer said it would pay the airline's fuel costs if Southwest fails to break even on ticket purchases during the first three years. Joe and Southwest announced an agreement to bring the low-cost carrier to the new airport. But Greene said recently that his vision of turning the Panama City region into Florida's next hot spot for development remains unchanged.
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