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Old Posted May 16, 2012, 11:20 AM
statbass statbass is offline
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Join Date: May 2011
Location: St. John's
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Numbers up across board for St. John’s airport

Source: The Telegram, May 16, 2012

More people + more money = capital improvements
Its been a good year for the St. John’s International Airport. Numbers are up across the board; capital improvements are moving from the drawing board to shovels in the ground, there’s a surplus and all indications point to these trends continuing.

It’s hard to get much better than that, said Darlene Whalen, chairwoman of the Airport Authority’s board of directors The authority held it’s annual general meeting Wednesday evening and gave updates on both its financial and passenger numbers from 2011 and the status of upcoming infrastructure projects.

Whalen started off by giving an update on passenger numbers — because everything else about the airport is tied to that. Passenger travel reached a record high of 1.4 million people in 2011 — an increase of four per cent from 2010.

Revenues were also up, primarily from airport improvement fee revenue (a fee charged to every passenger leaving St. John’s), which was up by $1.9 million. Other factors like an increase in non-aeronautical business and an increase in military traffic from the U.S. also contributed to the increase in revenues.
Overall the airport found itself with a net surplus of about $4 million. As the airport is a not-for-profit organization, that money will be reinvested.

Last edited by statbass; May 16, 2012 at 11:21 AM. Reason: Included link to full story
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