Staff report: February finances strong, seat capacity up and construction projects progressing
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Summary
Airport staff reported February revenue and net income gains, noted seat‑capacity and new nonstop routes, and updated commissioners on construction projects (West Infill, Westgate gates, Yellow garage, Midfield Taxiway and Concourse M). Commissioners asked about contingency budgeting, staffing and passenger messaging after a recent TSA staffing incident.
Airport staff briefed the commission on February financial results, air service trends and multiple capital projects.
Will Mack, presenting February financial results for Rajeev Thomas, said operating revenue rose 25% for the month and year‑to‑date revenues are 2% above the FY‑26 budget. He reported year‑to‑date net income increased 179%, attributing gains to higher airline rates and passenger activity. Operating expenses increased approximately 7% for the month, driven by lower personnel vacancy and increased preventative maintenance; winter storm impacts in January added about $300,000 of costs. Mack said contingency funds exist for such events and that the airport expects to align with budget through the fiscal year.
Jamie Cousinot provided an air service update: available seats are up 4.6% year‑over‑year overall and 7% in April; nonstop destinations are up about 3%. New service notes included Porter to Toronto beginning May 21, seasonal and new routes coming in May and June (Cincinnati, Seattle, Columbus, Kansas City, Bozeman, Kalispell and Asheville) and Delta adding year‑round Phoenix service. Cousinot also noted certain route suspensions outside the airport’s control (a Viva route to an alternate Mexico City airport is on hold; Southwest temporarily suspended Puerto Vallarta service and cut some Chicago O'Hare flights).
Deputy Chief Development Officer Lynn Easterbrook reviewed construction photos and schedules: the West Infill is operational, three of five Westgate gates are open, the Yellow garage south side topped out, Midfield Taxiway work is underway to FAA concrete specs, and Concourse M construction is scheduled to begin in 2026 with completion targeted in 2027. Commissioners asked about the central utility plant schedule (slid slightly) and shade/wayfinding for rideshare pickup during construction; staff said designs are in early concept and they would return with details.
Commissioners also discussed a recent TSA staffing event that produced long lines during a busy spring period. Staff said impacts were limited overall, that partner organizations provided food and services, and that the airport’s public messaging about crowded days appeared to be helpful. Commissioners praised frontline staff for managing the peak period.
The commission set a May 13 meeting as its next regular meeting and adjourned.
