Airport Budgets for FY 2017 Approved by Greater Orlando Aviation Authority

Press Release

ORLANDO, FL. — With Orlando International Airport currently engaged in the largest capital improvement program in its history, the Greater Orlando Aviation Authority (GOAA) Board voted today to approve its largest budget. The $554,317,000 fiscal year 2017 budget for Orlando International Airport (MCO) represents a projected 11 percent increase in revenues over fiscal year 2016, excluding Passenger Facility Charge (PFC) available revenues. The Board also approved Orlando Executive Airport’s (ORL) $2,847,000 budget for the fiscal year that begins October 1, 2016.

FY 2017 Budgeted Revenue Sources

“Fiscal responsibility has always been the cornerstone of the Aviation Authority’s operating philosophy and this budget is a continuing reflection of that position,” says Frank Kruppenbacher, Chairman of the Greater Orlando Aviation Authority. “We continue to rely on income diversity with nearly 70 percent of our revenue generated from non-airline sources. No local tax dollars are used to fund our operations or capital improvements.”

Orlando International Airport is currently engaged in a $3 billion expansion and renovation plan that will increase the capacity of the current terminal to 45 million annual passengers and begin development of a new South Terminal Complex.

“We are balancing affordable costs with what we think are the future needs of increased security and continuity of operations, while maintaining the level of service Central Florida expects,” says Phil Brown, Greater Orlando Aviation Authority Executive Director.

2017 Budget Highlights:

Overall operating budget for MCO is $47.8 million higher than Fiscal Year 2016

Landing Fee and Terminal Premises revenue increased approximately $13.6M as a result of an increase in rates and an increase in landed weight

Cost per enplaned passenger (CPE) is $7.82 in 2017 as compared to $6.92 in 2016 (remains one of the lowest in the country for major airports)

Overall operating budget for ORL increased $105,000 or four percent over 2016 as a result of increases in Commercial Properties and Aviation Related revenues