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SFO presents growth‑driven budget, $2.5B capital plan and runway work ahead of summer
Summary
San Francisco International Airport officials told the Board of Supervisors’ Budget & Finance Committee the airport is financially self‑supporting after several years of strong passenger growth, projecting a $37M–$40M annual service payment to the city and a $2.5 billion five‑year capital program that includes terminal upgrades and mandated runway safety work that will increase departure delays.
San Francisco International Airport officials briefed supervisors on the airport’s fiscal outlook and major capital projects, saying passenger growth and concession revenue have kept the facility financially self‑supporting.
John Martin, speaking for the airport, said the facility has averaged roughly 5% annual growth over the past four years and remains among the fastest‑growing major airports worldwide. He noted the city receives 15% of total concession revenue as an annual service payment — projected at about $37 million in the current year and $40 million over the two‑year budget cycle.…
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