FY2016 CCDOA Financial Report as of 6302016.pdf - page 35

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For FY 2016, airline revenues accounted for 47.7 percent of all operating revenues. In FY 2016, airline revenues
totaled $257.8 million, an increase of $3.9 million, or 1.6 percent, over the prior fiscal year total of $253.9 million. Non-
airline revenues totaled $282.4 million, up by $14.5 million, or 5.4 percent, over FY 2015 non-airline revenues of $267.9
million.
Airline Revenues
For FY 2016, revenues from airline landing fees and other aircraft fees were $57.6 million as compared to $60.9
million in FY 2015, a decrease of $3.3 million, or 5.4 percent. The decrease in landing fee revenues from FY 2015 to FY
2016 can be mostly attributed to a decrease in the residual rental revenue rate of 8.6 percent for FY 2016 offset by
an increase in landed weights of 4.7 percent.
Terminal building and use fees consist of signatory and non-signatory ticketing area fees, baggage system fees,
baggage claim fees, common use fees, and fees from hold rooms along with certain operation and storage areas.
The Agreement requires that the terminal building rentals be set each fiscal year based on a residual rate-making
approach of leased space. Terminal building and use fees were up from $185.9 million in FY 2015 to $194.3 million in
FY 2016, a 4.5 percent increase. This increase in terminal building rental revenue was mostly attributable to an
increase in the terminal building rental rate of 2.7 percent over the prior year, along with increases to cargo
building rentals.
Gate use fees were up from $27.9 million in FY 2015 to $30.1 million in FY 2016, an increase of 8.1 percent. The
increase in gate use fee revenue is attributable to an increase in the number of aircraft turns of 7.7 percent,
combined with a rate increase of 4.2 percent for narrow body turns and a rate increase of 4.1 percent for wide
body turns. This increase was offset by a reduction in the leased gate rate of 6.4 percent.
Pursuant to the Agreement, the Department collects from the Signatory Airlines 50 percent of the amount of total
amortization on assets acquired or constructed from the proceeds of the capital improvement account and used
to benefit the terminal complexes. During FY 2016, the amount collected was $21.9 million, of which $10.9 million
was deposited to the rate stabilization account (50 percent included in the residual rental rates) with the remaining
$10.9 million deposited into the capital improvement account, as provided by the Agreement. The Agreement also
provides that any amount due to airlines for which adequate funds are available within the amortization due from
airline account shall be deposited into the capital improvement account. For FY 2016, the amount deposited was
$23.3 million.
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