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