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Santa Barbara Airport midyear report: passenger growth, parking revenue fuel operating gains; PFAS and capital projects drive costs
Summary
Business Manager Jonathan Abad told the commission the airport recorded a 21.3% increase in July 2024 and 15.3% growth at midyear, with terminal and parking revenues up sharply. The airport reported higher operating expenses, PFAS testing costs and several capital projects in planning or design.
Business Manager Jonathan Abad presented the Santa Barbara Airport’s midyear financial review for July–December 2024 to the Airport Commission on March 13, reporting strong passenger growth and revenue gains alongside higher operating costs and capital program activity.
“Another record‑breaking growth, 21.3% increase in July 2024 from the prior July,” Abad said, and he reported midyear passenger volumes that were 15.3% higher than the prior fiscal midyear.
Abad said total revenues were up 8.3% at midyear. Terminal revenues rose 23% year over year, driven largely by parking, which Abad said was up roughly 31% after the airport replaced parking equipment and moved terminal employees out of the overflow lot. Abad described parking as “now the airport’s single largest operating revenue source” with plans to relocate the…
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