Address:
4545 Jimmy Doolittle, Suite 200
Addison, TX 75001
Management Office Hours:
Monday - Friday 8am - 5pm
Airport Office 972-392-4850
Airport Operations: 972-392-4859
Airport Maintenance: 972-392-4852
Addison Airport Presents Quarterly Report
Published:
<< Back to NewsTue 2/1/22
Airport Director Joel Jenkinson presented Council with an overview of key Airport performance measures for the fourth quarter of Fiscal Year 2021, which ended on September 30, 2021, as well as year-end summary data for the full Fiscal Year 2021. This was the first of what will be a regular quarterly report on Airport performance measures and other significant events.
The report presents data on revenue, fuel flowage, and aircraft operations (take-offs and landings) including international operations. It also includes a snapshot of the Airport's real estate portfolio.
Highlights from the fourth quarter include:
- Aircraft operations continue to show a strong trend of recovery from the pandemic.
- Instrument Flight Rules (IFR) operations, which are a good marker for jet and turbo-prop operations, were unusually strong.
- Fuel flowage for the fourth quarter posted the highest quarterly volume in roughly 14 years. Jet-A accounted for 91.8% of the total fuel volume for the quarter.
- Addison is benefiting from the closure of Runway 13R/31L at Dallas Love Field, which began April 27, 2021 and is expected to continue at least until the end of April 2022. Congestion resulting from Love Field being reduced to a single-runway operation has encouraged a significant volume of business aviation traffic to select Addison as an alternative. This development has positively impacted Addison's IFR operations and Jet-A fuel flowage volume.
- Real estate revenues remained flat, while fuel flowage fee revenue increased in proportion to fuel flowage volume, driving up total revenues.
- With respect to the real estate portfolio, the Airport is effectively at 100% occupancy.
- The Galaxy FBO project is nearing completion and is expected to open in early February 2022. When Galaxy FBO opens, it will add more than 100,000 square feet of much-needed hangar capacity at Addison.
Highlights from the full Fiscal Year 2021 include:
- Total aircraft operations were down slightly (between 4% and 5%) compared with Fiscal Years 2019 and 2020. However, annual IFR operations reached their highest level since Fiscal Year 2008.
- Total annual fuel volume was up 24.1% over the Fiscal Year 2020 total and reached its highest annual value since Fiscal Year 2007.
- Total annual revenue was essentially flat from prior years, excepting the anomalous Fiscal Year 2019 in which a one-time $1 Million lease pre-payment was received in connection with the Galaxy FBO ground lease.
