LAX maintained a strong position as the fifth-busiest airport in the United States in 2020, despite having seen a 67.3% reduction in commercial passenger volumes due to the COVID-19 pandemic.
Air Cargo Operations, Calendar Year 2020 Busiest on Record
LAX moved up one spot and now ranks fourth in the U.S. in air cargo tonnage processed, moving over 2.464 million tons of cargo in 2020. This represents LAX’s busiest year on record, edging out 2018 volumes. LAX is on pace to quickly shatter that record in 2021, as monthly volumes over the past few months are well above historical highs.
LAX Air Cargo (in US Tons)
An economic study based on 2014 operations reported LAX generated 620,600 jobs in Southern California with labor income of $37.3 billion and economic output (business revenues) of more than $126.6 billion. This activity added $6.2 billion to local and state revenues and $8.7 billion in federal tax revenues. The study also reported that LAX’s ongoing capital-improvement program creates an additional 121,640 annual jobs with labor income of $7.6 billion and economic output of $20.3 billion, $966 million in state and local taxes, and $1.6 billion in federal tax revenues.
Los Angeles US Customs District Continues to be Ranked #1
Los Angeles International Airport is a key transportation center for one of the world’s most dynamic economies. In 2020, the Los Angeles U.S. Customs District again ranked #1 among the nation’s 46 districts with two-way international trade valued at $428.23 billion. LAX alone was responsible for over $118 billion in exports and imports. See LA Trade Numbers for more information.
The Southern California region accounts for a majority of the state’s multi-billion dollars in international trade. Many of the largest industrial companies headquartered in the state are located in the greater Los Angeles area. Los Angeles is a leading high-technology center for the nation in the entertainment, electronics, biomedical, computers, and aerospace industries.
The convenience and efficiency of LAX as a major distribution center for air cargo is supported by the ready availability of vital allied services, especially for Pacific Rim traders. The LA-area cargo trade also engages more than 800 freight forwarders and 360 customs house brokers, who are in the LA area to expedite the region’s air cargo delivery. U.S. banks with international operations have offices in Los Angeles, as do foreign banking institutions.
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