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Airport reports May revenue gains despite declines in enplanements and cargo
Summary
At a July meeting, Rajeev Thomas, the airport chief financial officer, told commissioners that May operating revenue rose about 10% year over year even as enplanements and cargo tonnage declined; the month included releases from a debt service reserve that boosted reported savings.
Rajeev Thomas, chief financial officer, told the Airport Commission the airport’s May 2025 operating results showed mixed signals: a 5.8% decline in enplanements for the month and year-to-date enplanements down about 4.9%, while operating revenues for May rose roughly 10% compared with the prior year.
The revenue gains were driven largely by airline revenues and increases tied to rate adjustments implemented in fiscal year 2025, Thomas said.…
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