January airport revenue strong

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Neither inclement weather nor an iffy national economy seemed to affect Colorado Springs Airport revenue and operations during January.

Total revenue at the airport for the month was up 10.6 percent to more than $1.84 million, compared to $1.66 million in January 2007.

The news is a sign that activity levels and private investment are both on the rise.

In its monthly report to the Airport Advisory Commission, officials reported increases, especially in the rents and fees paid by the airlines, terminal concessions, rental car use and parking revenues, as well as those from general aviation companies which increased 57 percent on a year-over-year basis.

John Faulkner, deputy aviation director attributed a reopened runway serving general aviation customers as key to the increased revenues.

Airline revenue led the way, showing a 7.3 percent increase in landing fees and an 8.4 percent increase in terminal building rent. That number is expected to grow even more once Frontier Airlines begins service from Colorado Springs and Northwest adds a new route to Memphis in May, said Assistant Aviation Director for Finance and Administration, Gisela Shanahan.

The use of loading bridges or jetways also showed a 22 percent increase, due in part to fees charged to cover recent equipment upgrades.

“Our income is primarily derived from two categories, non-airline and land-side activity,” Shanahan said. Non-airline operations include news stand, gift and food concessionaires while land-side revenues generators include parking, rental cars and ground transportation.

January was tough on the latter, showing a 32.8 percent drop in revenue from Yellow Cab fees.