Posted in Pensacola

Pensacola International Airport financials

   June 7, 2018

The passenger traffic at Pensacola International Airport increased by 14.21 percent when compared to the second quarter of FY 2017. Overall Airport operating revenues exceeded the second quarter FY 2017 operating revenue by $599,900.

In his quarterly report, CFO Dick Barker explained, “The increase in Airline Revenues is mainly attributed to three new revenue sources, Cargo Landing Fees, Cargo Apron Area Rental and Baggage Handling System, which total $719,800 and are offset by a decrease of $733,100 in Air Carrier Landing Fees for this fiscal year compared to the prior fiscal year.”

The Air Carrier Landing fees are currently $0.65 per 1,000 lbs. as compared to last fiscal year when the charge was $1.90 per 1,000 lbs. The Air Carrier Landing Fees are recalculated annually.

Unfortunately expenditures are also up at the airport. The net income for the first six months has gone from $3.4 million in FY 2015 to $1.2 million this fiscal year.  In FY 2015 and FY 2016, the airport was able to cover its debt service after paying expenses. That no longer is the case.

 

 FY 2018   FY 2017   FY 2016   FY 2015 
Revenues
Airline  $      3,012,091  $   2,982,800  $   3,330,688  $    3,185,336
Non-Airline  $      7,381,695  $    6,811,052  $   6,630,026  $    6,297,518
Total  $   10,393,786  $    9,793,852  $    9,960,714  $   9,482,854
Expenses
Personal  $      1,596,109  $    1,659,827  $    1,688,712  $    1,597,926
Pensions (Half)  $         361,694  $       384,303  $       330,562  $       328,996
Operating Exp.  $      5,263,797  $    4,633,742  $    4,322,570  $   3,423,069
Capital Outlay  $      1,655,950  $       726,628  $       635,995  $       376,775
Alloc. Overhead  $        285,300  $       297,850  $       281,300  $       315,250
  subtotal  $     9,162,850  $    7,702,350  $    7,259,139  $   6,042,016
Net Income  $     1,230,936  $    2,091,502  $    2,701,575  $   3,440,839
Debt Service GARB  $     2,676,682  $    2,746,247  $    2,509,527  $    2,797,816
Debt Service CFC  $           93,343  $         60,699  $         40,102  $         53,972
Net  $  (1,352,403)  $    (594,046)  $       232,150  $       696,995
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