14:25 PM

Tampa International Airport Projected to Hit Historic High Revenues in 2015 Budget

September 4, 2014

For the first time in its history, Tampa International Airport’s operating revenues are expected to exceed $200 million in Fiscal Year 2015, a 3.3 percent increase over revenues budgeted for FY14, according to the budget approved Sept. 4 by the Hillsborough County Aviation Authority board.

Growth in parking and concessions revenues account for much of the anticipated increase. Operating expenses are expected to increase 4.3 percent to $106.4 million in FY15, with most of the bump due to rising personnel costs.

“This budget helps us accomplish our major goals, including diversifying our revenue and keeping our airline costs low,” said airport CEO Joe Lopano. “It also allows us to reward and retain our talented team and hire some more people as we move forward with our expansion program.” 

Most of the costs for the $943 million capital expansion, including a new consolidated rental car center and automated people mover, were included in the FY14 capital budget after completing a master plan update. The capital budget for FY15 tops $46 million. Projects include replacement of the parking revenue control system, upgrades to parking garages, airfield pavement rehabilitation and information technology that will improve efficiency, allow for more data analysis and support the airport’s efforts to move to a paperless environment. 

“It’s going to be a busy year in terms of capital projects as well as our continued marketing efforts to attract more air service to the airport,” Lopano said. “This budget makes sure we have what need to succeed.” 

The board approved 625 positions at the Aviation Authority, up from 603 in FY14. 

Meanwhile, the Aviation Authority anticipates ending FY15 with an airline cost per enplanement of $5.58, making Tampa International one of the country’s most affordable airports in its size category.