Laramie Airport reports financial successes and plans for sustainable future

During the recent Laramie City Council meeting, significant discussions centered around the economic impact and operational updates of the Laramie Regional Airport, highlighting its vital role in the community's infrastructure and economy.

Airport Director Amy Terrell reported that the airport is not only compliant with safety and security regulations but also plays a crucial role in the local economy, generating over $37 million in direct and indirect income for Laramie. This figure, based on a 2020 economic impact study, underscores the airport's importance as a gateway for both residents and visitors. Terrell emphasized that for every dollar invested by the city and county in the airport, there is a return of $90, excluding tax revenues.

The airport has also made strides in financial management, with a budget that is $247,000 less than the previous year while maintaining the same staffing levels. Terrell noted that the airport has implemented cost centers to better track financial performance, identifying areas that were previously operating at a loss, such as the terminal. A recent renegotiation of the lease with SkyWest Airlines significantly increased their annual payment from approximately $16,000 to over $82,000, contributing to the airport's revenue.

In addition to financial updates, Terrell discussed the airport's new capability to de-ice runways, which allows for continued operations during winter weather, ensuring that both passenger and cargo flights can proceed without interruption. This capability is particularly beneficial for the University of Wyoming, which relies on the airport for charter services.

Looking ahead, Terrell expressed concerns about the airport's long-term sustainability, noting that as compliance costs rise, the airport must explore new revenue streams. Plans are in motion to develop a business park on airport property, which could provide additional income and help offset operational costs. The airport is also considering a proposal for a short-term lodging tax to generate revenue more quickly.

The meeting concluded with Terrell's commitment to keep the council informed about ongoing developments at the airport, emphasizing its role as a community asset. As Laramie continues to grow, the airport's ability to adapt and thrive will be crucial for the city's future economic health.