Delete categories that are not applicable.īudget Estimate Template for Small Airport ManagementĮxample of budget revenue and expense categories for a small airport. Web page provides online access to Airport Financial Reporting Program Website (Certification Activity Tracking System), Airport Financial Reporting Program Website Brochure (in PDF), and Guide for Airport Financial Reports Filed by Airport Sponsors (Advisory Circular 150/5100-19).īudget Template for Small Airport Management with Airport as Fixed-Base OperatorĮxample of budget revenue and expense categories for a small airport that also acts as the fixed-base operator. The two primary types of budgets are operating and capital.įAA Web Page on Airport Financial Reporting Program An airport may have more than one type of budget to align with its function. It may also be used to demonstrate the need for increased revenue to meet the airport’s expenses. 24, and hold a final vote in early November.Home / Chapter Resources / Chapter 3 3.2 BudgetsĪ budget is the tool an airport manager should use to align the financial needs and goals of the airport with the available revenue. City Council will host a public hearing on the budget on Oct. In 2018, the airport ranked fourth.īudget hearings continue throughout this week. In 2022, DIA ranked 14th in a customer satisfaction survey among large North American airports, dropping from 13th last year. They also want to hire additional customer experience staff.
At the budget hearing, airport officials said they plan to add vehicles to the train that takes passengers from security to the terminals. In 2020, the airport paid out over $180 million to cut off ties with the group of original companies hired for the Great Hall renovations, after DIA found bad concrete throughout the terminal.ĭIA received money from the federal infrastructure bill for improvements to its baggage system. Plus, there’s the latest capital improvement projects, expanding the concourse and redeveloping the Great Hall. Increased traffic projections for this upcoming year also mean increased revenue projections.Īs for its priorities, DIA plans to add 30 jobs to meet increased passenger demand and respond to staffing shortages – an issue across the industry. In 2021, DIA’s projected revenue and proposed budget for 2022 was $1.20 billion. Any revenue generated goes back into the airport. The airport funds itself, which means it doesn’t get tax dollars from the city. Fitch Ratings reported that at that same point, Denver had reached around 97 percent. According to the presentation, transient and leisure bookings were strong, but business and group revenue has lagged.Ītlanta and Dallas – the only two cities with airports busier than DIA – reached around 79 and 86 percent of their 2019 traffic by the end of March, respectively. The airport’s hotel figures match this assessment. “Domestic leisure travel is recovering at a faster pace than business travel, and airports with large international market shares are lagging behind in recovery.”
#AIRPORT BUDGET FULL#
“This is based on strong demand trends and the full availability of 39 new gates at the Airport,” wrote DIA officials in its budget presentation to City Council Wednesday. The airport expects to see 74 million passengers in 2023, higher than the 69 million in 2019. Through August of 2022, DIA’s traffic was only 2 percent lower than before the pandemic. had matched or exceeded 2019 rates by the end of the first fiscal quarter in 2022. Only airports in Myrtle Beach, S.C., Miami, Fla., Boise, Idaho and Fort Meyers, Fla. That’s the fifth fastest airport recovery pace in the country, according to the research group Fitch Ratings. The Denver International Airport (DEN) has proposed a $1.33 billion budget for next year, projecting that traffic will exceed pre-pandemic levels in 2023.
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