Denver Airport revenue up 4.4%, pax down in 2009
US' Denver International Airport revenue up 4.4% - financial/traffic highlights for the 12 months ended 31-Dec-2009:
- Operating revenue: USD564.5 million, +4.4% year-on-year;
- Facility rentals: USD226.8 million, +14.5%;
- Parking revenues: USD114.9 million, -3.7%;
- Landing fees: USD110.1 million, +16.5%;
- Operating costs: USD379.5 million, +1.5%;
- Operating profit before depreciation and amortisation: USD185.0 million, +10.8%;
- Passenger numbers: 50.2 million, -2.1%;
- Cargo volume: -10.6%;
- Aircraft movements: 612,000, -22.1%. [more]
Denver International Airport: "Last year was an extremely tough year for our industry, but I think that DIA can be pleased about our overall financial results for 2009. Due to a small decrease in passenger traffic, we saw declines in our concession and parking revenues that were not surprising. This would have had a greater negative impact on our financial results if not for the increase in parking rates announced last year. Although we'd always like to see stronger numbers, I think the airport did a very good job of managing its finances in 2009 to mitigate any serious negative impacts of the recession. We have retained and even strengthened our solid cash position, and our bond ratings have stayed solid with a stable outlook," Patrick Heck, Deputy Manager of Business and Revenue Development and Acting Chief Financial Officer. Source: Denver International Airport, 27-May-2010.