Greater Orlando Aviation Authority Board Greenlights $471.4 Million Budget for Orlando International Airport FY 2016

Press Release
Preliminary Budgeted Revenues

ORLANDO, FL. – At its August meeting the Board of the Greater Orlando Aviation Authority (GOAA) continued its focus on customer service, passenger processing, security enhancements and new air service development by approving a preliminary fiscal year 2016 operating budget of $471.4 million for Orlando International Airport (MCO) and $2.8 million for Orlando Executive Airport.

“Even with record growth and expansion, the preliminary 2016 fiscal year budget, that we approved today, is pragmatic and addresses our increasing activity,” says Frank Kruppenbacher, Chairman of the Greater Orlando Aviation Authority. “It is this type of long-term fiscal responsibility that encourages more investment and growth and helps to keep Orlando as one of the most economical travel options for our passengers.”

“The proposed 2016 budget keeps Orlando under the 25th percentile for cost per enplaned passengers amongst all major airports in the country. In fact 2016 is lower than this year,” says Phil Brown, Executive Director of the Greater Orlando Aviation Authority. “Airlines look at those numbers which enables us to attract new airlines, new services and new routes to further invest in our future.”

Once again this year, Orlando International Airport will receive NO local tax dollars to fund operations or capital improvements.

In presenting the budget to the Board, GOAA’s Chief Financial Officer Jacki Churchill acknowledged that, “The increase in activity and projected passenger growth has resulted in a gain in landing fee revenue, food and beverage and other concession income along with increases in parking and rental car revenues.”

The 2016 budget continues its reliance upon diverse income sources with almost 70 percent of the budget coming from non-airline revenues such as rental cars, concessions, parking, ground transportation and the Hyatt Regency Hotel, which is owned by the airport.

2016 Budget Highlights:

  • Overall operating budget for MCO is $471,415,000 which is 5.3 percent increase over the 2015 fiscal year budget
  • Landing fee is $1.58 as compared to $1.59 per 1000 pounds of landed weight in 2015
  • Cost per enplaned passenger (CPE) is $6.92 in 2016 as compared to $6.95 in 2015 (remains one of the lowest in the country for major airports)
  • Some of the major cost centers for the airport in 2016 are the airfield, terminal upkeep, ground transportation facilities, other buildings and grounds and hotel infrastructure
  • Overall operating budget for Orlando Executive Airport is $2,826,000 as compared to $2,838,000 in 2015

With today’s approval by the Board the focus shifts to the City of Orlando for a public hearing on the preliminary budget. After the public hearing the GOAA Board will vote to finalize the budget at its next meeting in September with the new budget taking effect October 1st.

Basic MCO Information:

Orlando International Airport (MCO), serves nearly 37 million annual passengers, of which 12.5 percent are international. MCO is the second busiest airport in Florida and has approximately 18,000 badged employees and generates $31 billion in direct and indirect revenue for the regional economy. In its ongoing efforts to value and delight its customers, Orlando International Airport has embarked on a series of Capital Improvements valued at over $1.3 billion and has approved designing a new South Terminal project all aimed at enhancing The Orlando Experience.®

FY 2016 Budgeted Revenues