FY2016 CCDOA Financial Report as of 6302016.pdf - page 37

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Ground rentals charged by the Department for private hangar tenants, fixed-base operators, and concessionaires
remained flat, nominally declining from $22.1 million in FY 2015 to $22.0 million FY 2016.
Ground transportation fees charged by the Department increased by 14.7 percent from $16.8 million in FY 2015 to
$19.3 million in FY 2016. Ground transportation fees consist of percentage fees or trip charges paid to the Airport by
limousine operators, courtesy van operators, bus operators, taxicabs, and newly established transportation network
companies, which began servicing the airport in late calendar year 2015. The increase in revenue is fueled by an
increase of 4.8 percent in the number of trips made by taxicab companies coupled with the new operations of
transportation network companies. The increase in revenue of $2.7 million generated by the transportation network
companies was slightly offset by a decrease in bus and limousine fees of $0.4 million.
Gaming revenue at the Airport during FY 2016 increased by 6.7 percent over FY 2015, from $27.7 million to $29.5
million. The increase in gaming revenue can be attributed to the increase in passenger traffic coupled with the
strategic placement of newer gaming machines in higher traffic areas.
Profits from general aviation fuel sales increased from $4.5 million during FY 2015 to $5.0 million during FY 2016, an
increase of 11.6 percent. This increase relates to an increase of 8.3 percent in gross profit percentages on fuel sales.
Other operating revenue for FY 2016 decreased by $0.2 million compared to FY 2015.
Discussion of FY 2015 Operating Revenues
Airline Revenues
For FY 2015, airline revenues accounted for 48.7 percent of all operating revenues. Airline revenues totaled $253.9
million of total operating revenues, and non-airline revenues totaled $267.9 million. For FY 2015, the airline landing
fee and other aircraft fees were $60.9 million as compared to $61.2 million in FY 2014, a decrease of $0.3 million, or
0.5 percent. The decrease in landing fee revenues from FY 2014 to FY 2015 can be attributed to the decrease in the
residual rental revenue rate for FY 2015. The actual landing fee rate decreased from $2.39 per 1,000 lbs. in FY 2014
to $2.33 per 1,000 lbs. in FY 2015, a decrease of 2.6 percent. The decrease in the landing rate was offset by an
increase in landed weights of 1.0 percent in FY 2015.
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 $180.3 million in FY 2014 to $185.9 million in
FY 2015, a 3.1 percent increase. This increase in terminal building rental revenue is mostly attributable to an increase
in the terminal building rental rate of 2.2 percent over the prior year.
Gate use fees were up from $27.0 million in FY 2014 to $27.9 million in FY 2015, an increase of 3.3 percent. The
increase in gate use fee revenue is attributable to an increase in the number of turns of 9.4 percent. This increase
was offset by a reduction in the leased gate rate of 6.5 percent.
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