7th ANNUAL AIRPORT UPDATE7th ANNUAL AIRPORT UPDATE April 5, 2016 Thomas J. Malafronte, A.A.E. Deputy...
Transcript of 7th ANNUAL AIRPORT UPDATE7th ANNUAL AIRPORT UPDATE April 5, 2016 Thomas J. Malafronte, A.A.E. Deputy...
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7th ANNUAL AIRPORT UPDATE
April 5, 2016
Thomas J. Malafronte, A.A.E.Deputy Airport Director
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OVERVIEW
• The Airport• Economic Impact • Airline Industry• Air Service Development• Project/Real Estate Update• Questions
AIRPORT OVERVIEW
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AIRPORT ACTIVITY
• $45 million annual budget• Serve NH, MA, ME, VT
• 52% outside of New England • 33% NH• 8% MA• 5% ME• 2% VT
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AIRPORT ACTIVITY
• Airlines: Southwest, American, Delta and United
• 2 million+ annual passengers• 160 million+ pounds of cargo• 35‐40 daily airline departures• 150 operations a day• 14 nonstop destinations• One‐stop to the world
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BIG FOUR HOLD 80% OF THE DOMESTIC MARKET10
Airlines
4 Airline
s
2001 2013
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ECONOMIC ENGINE
• $1 Billion economic impact
• Hillsborough, Rockingham, Merrimack Counties
• 3,820 airport-related jobs
• $153 million annual payroll
• $753 million in annual expenditures by out-of-state passengers on food, lodging, entertainment and retail
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ECONOMIC ENGINE• 1,900 on-airport jobs:
• 23% cargo airlines• 17% government airlines• 13% passenger airlines• 7% car rentals• 7% aviation support (FBO)• 7% ground transportation• 7% concessions• 16% “other”
• 1,920 off airport jobs
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AIR SERVICE DEVELOPMENT• First priority (maintain):
• current air service levels
• Secondly (enhance): • equipment upgrades e.g.,
seats and first class product• additional frequencies
• Third (expand): • new non-stop markets• new carriers
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• Profitability vs. Market Share• Highly competitive environment• If you are not a “hub” you are
working twice as hard, offering greater incentives, with no guarantees of service
• Airport strategy may not align with the airlines strategy
• Simple formula: “Use it or lose it”
AIR SERVICE DEVELOPMENT
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AIR SERVICE DEVELOPMENT - GOOD NEWS!
• Load factors high (87% CY ‘15), yields growing
• Passenger activity up Y/Y 7 out of last 8 months
• February up 13%• Southwest increasing
BWI service - nine a day• American increasing DCA
service• Delta enhancing DTW
service
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REAL ESTATE AND PROJECT UPDATE
• Passenger Flow Improvement project
• Consolidated Rental Car Facility
• East Ramp development
• 17 Acre development
• 22 additional parcels available
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Existing LayoutPassenger Screening
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Future (Six Lane) Configuration
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New Rental Car Facility - Interior View
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EAST RAMP DEVELOPMENT
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17 ACRE SITE DEVELOPMENT
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22 OTHER PARCELS AVAILABLE
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CONTACT INFORMATION
Dan ScanlonColliers International175 Canal Street, Suite 401Manchester, New Hampshire 03101(603) [email protected]
David B. BushAssistant Airport DirectorManchester-Boston Regional AirportOffice: 603 624-6539Direct: 603 [email protected]
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Thank you!