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srq 101 Changes and Challenges in a New Aviation Paradigm

srq 101 Changes and Challenges in a New Aviation Paradigm. Sarasota Manatee Airport Authority Structure. Independent Special District Six Member Board – Governor appoints (2000). Henry Rodriguez. Gary Kompothecras. Carlos M. Beruff. Leslie Wells. Jack Rynerson. Peter Wish.

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srq 101 Changes and Challenges in a New Aviation Paradigm

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  1. srq 101 Changes and Challenges in a New Aviation Paradigm

  2. Sarasota Manatee Airport Authority Structure • Independent Special District • Six Member Board – Governor appoints (2000) Henry Rodriguez Gary Kompothecras Carlos M. Beruff Leslie Wells Jack Rynerson Peter Wish

  3. Sarasota Manatee Airport Authority Structure Mini-City - Police, Fire, Public Works, Administration

  4. Sarasota Manatee Airport Authority Structure • No Taxing Power – similar to enterprise funded departments with one major difference: Competition • Only taxes received are from airline tickets and aviation fuel. Federal Tax (AIP Grants) State Tax (FDOT Grants) PFC (Local)

  5. Finances • $28 Million in Cash & Investments • $103.4 Million in Fixed Assets • $9.3 Million remaining debt will be retired in Aug. 2014 • Residual Signatory Airline Agreements Guarantee Budget and Require Annual Year End Adjustment * FY 11 Refunded $1,065,231 to Airlines • Received $678,707.20 from Continental in FY11 • Will receive approximately $496,600 from Southwest until 2014 • Airport operations are totally self sufficient

  6. Costs & Fees • Costs: - Airport is only 5% of airline budget / $9.30 per passenger • SRQ’s Fees: - Landing fee is 50% lower than TPA’s, 74% less than RSW’s - Rental rate is 40% lower than TPA’s, 28% less than RSW’s Terminal Rent per sq/ft Landing Fees per1,000 lbs

  7. Facility Investments • $110 million last decade/no borrowing – runway extension, taxiways, industrial park

  8. Facility Investments • Security Improvements • Expanded Screening from 3 to 6 lanes • New Communications/EOC center • New Access Control System to all gates and doors with 70+ cameras.

  9. Facility Investments • Security Improvements • New In-Line Baggage Screening System

  10. Facility Investments • Terminal Improvements • New Restrooms, Terminal Roof, Aquarium

  11. Facility Investments • Terminal Improvements • New Concessions

  12. Facility Investments • New Maintenance Facility

  13. Facility Investments • US Customs Facility Improvements

  14. Facility Investments • Off Airfield Improvements: Finergy, Honeywell, Sun State Trucking, Poston’s Antiques, Rip’s Golf, University Self Storage • Airport Non-Aviation Revenue - $1,313,000 annually

  15. General Aviation Facilities • Three FBO’s – APP Jet Center, Dolphin Aviation, Rectrix Aerodrome - $638,000 rental income, $183,000 fuel flowage fees

  16. General Aviation Developments • T-hangars – 124 constructed by SMAA - $491,000 annual revenue

  17. General Aviation Developments • Sanborn Studios, Coastal Atlantic, Buchanan Aviation - $91,000 annual revenue

  18. New Terminal Built in 1989 • $150 Million in Improvements • Paid off $115 Million since 1995 • Debt Free in 2014 !

  19. Economic ImpactsonLocal Community Source: Florida Department of Transportation – Aviation Office

  20. Air Service HistoryPassenger Traffic

  21. Air Service Efforts • - Continuous Visits • - Air Service Consultants • - Air Service Conferences (Domestic and International) • - Incentive Program • - Airline Rates

  22. Passenger Share by Airline Q3-2011 Southwest/AirTran’s decision to withdraw from SRQ market leaves over 370,000 annual passengers and $47M in net revenue up for grabs

  23. SRQ’s Top 25 MarketIn Passengers

  24. SRQ Service PatternBefore and After AirTran Airways

  25. What Can You Do?

  26. What Can You Do? • Check srq first • Cost of trip comparison from door to door • Two hour drive to Tampa is the same as a layover time in a hub • The bridge or traffic can be closed just as easily as a connection can be late • If you must go to Tampa use the carriers that also serve SRQ. Co-terminalize the choice • Tell your friends

  27. srq Thank You srq makes sense

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