Addison Airport Shares Report for Fourth Quarter of FY2022

Fiscal Year 2022 was the best year the Addison Airport has ever had by multiple measures. At the November 8 City Council Meeting, Airport Director Joel Jenkinson provided an overview of key Airport performance measures for the fourth quarter of Fiscal Year 2022 (FY22), which ended on September 30, 2022. The report presents data on revenue, fuel flowage, and aircraft operations (take-offs and landings), including international operations. The report also includes a snapshot of the Airport's real estate portfolio. 

Highlights from the fourth quarter include:

• AQRD accepted the leased premises of the new ground lease at 4582 and 4584 Claire Chennault Drive, which triggered a $635,000 payment to the airport for the residual value of the hangars.
• Sky Harbour completed demolition of the JetPort building.
• The runway and taxiway pavement rehabilitation and runway re-designation (change from Runway 15-33 to Runway 16-34) project was completed.
• Engineering and design work for the Taxiway Bravo extension project commenced.

Highlights from the full FY22 results include:

• Record total annual revenue of $7,240,607.
• Record total annual fuel flowage volume of 9,551,605 gallons and fuel flowage fee revenue of $1,357,351.
• Record total annual Customs clearances (international arrivals) of 646 aircraft.
• 122,498 total annual operations, including 50,566 instrument (IFR itinerant) operations, a record 41.3% of total operations.
• Seven ground lease reversions processed in FY22; at the beginning of the year, the airport had 37 active ground leases. Four new ground leases executed in FY22 brought the year-end total for active ground leases to 34.

You can watch the Council's Airport discussion here and read the presentation here.