WASHINGTON — Airports that rely heavily on cargo shipping have been less resilient during both the recession and subsequent recovery than others, according to a new report from Loop Capital Markets.

“The activity an airport specializes in is important for investors when analyzing which airports are most affected by business cycle fluctuations, or industry-specific growth within a state,” the report concluded. “The activity that appeared to be hurt most during the recession was cargo shipping. From 2007 to 2009 cargo shipping had average annual decreases in output generated of 9.3%, compared to a 6.0% decrease in departures and a 3.9% decrease in vacation and business travelers.”

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