Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Airport midyear finances show surplus amid higher passenger counts; staff flags capital work and insurance recoveries
Summary
The airport reported a midyear $2 million operating surplus, revenue up 6.3% year-to-date and a sizeable capital program that will draw on reserves; staff noted an expected insurance reimbursement for flood damage and flagged planned long-term south parking bidding this summer.
The Santa Barbara Airport reported a midyear operating surplus and rising revenues at its March 18 commission meeting while outlining a substantial capital program for fiscal 2026.
"We have a net operating surplus of $2,000,000 so far midyear," Jonathan Abad, business manager for the airport, told commissioners during the midyear financial review. Abad said overall revenue was up about 6.3% year-to-date and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
