Friday, October 31, 2014

Tampa International Airport (KTPA) hits record high revenue number

Historic load factors of almost 90 percent this summer combined with a massive increase in international travel helped propel Tampa International Airport to spikes in passenger numbers and revenues over last year.

In July and August, load factors were 87.9 percent and 86.2 percent respectively and were the highest in the airport's history for those months. International seat capacity grew 20 percent when Edelweiss Air added a second weekly service and Copa Airlines began service to Panama.

The airport handled about 600,000 international passengers in fiscal year 2014, up about 13.7 percent from last year.

"This unprecedented growth is a testament to what we can accomplish in the Tampa Bay market when we work together to make it happen," airport CEO Joe Lopano said in a prepared statement.

In other news from international carriers, Air Canada and WestJet both had big years in Tampa with 9.8 percent and 6 percent growth respectively.

The airport also cited added frequency by Delta Air Lines to Atlanta and Los Angeles as reasons for the numbers going up.

The Hillsborough County Aviation Authority had record revenue of $197.2 million in FY 2014, about $13 million more than last year. Airport officials point to increases across revenue generators like parking and ground transportation, food and beverage, and car rental.

The authority will add about $8.1 million to the cash reserves for future capital projects or to pay down debt, according to a statement.

The airport is expected to pass the $200 million in revenue next fiscal year.

- Source:  http://www.bizjournals.com

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