CRAA Board of Directors Meeting February 27, 2018 Columbus Regional Airport Authority 4600 International Gateway Board Room Columbus, Ohio 43219
Board Meeting Agenda Tuesday, February 27, 2018 at 4:00 p.m. Board Room I) Call to Order... S. Tomasky II) III) Approval of January 23, 2018 Minutes Committee Reports Air Service & Customer Experience... T. Williams Business Development & Logistics... E. Kessler Facilities & Services...W. Heifner Finance & Audit... J. Miller Human Resources... D. Casto IV) President & CEO Report... J. Nardone V) Reading of Resolutions VI) Other Business
BOARD OF DIRECTORS MEETING MINUTES OF JANUARY 23, 2018 Present: Absent: Susan Tomasky, Chair William R. Heifner, Vice Chair Frederic Bertley Frank J. Cipriano Elizabeth P. Kessler Kathleen Ransier Terrance Williams Don M. Casto, III Jordan A. Miller, Jr CRAA Executive Staff: Joseph Nardone, CM, President & Chief Executive Officer Rod Borden, A.A.E., Chief Operating Officer Randy Bush, Chief Financial Officer Casey Denny, A.A.E., Chief Asset Officer Shannetta Griffin, P.E., Chief Development Officer Tory Richardson, A.A.E., Chief Strategy Officer David Whitaker, Chief Commercial Officer CRAA Staff: Others Present: A. Beaver, S. Bekemeier, S. Bell, K. Easterday, D. Finch, J. Gardner, C. Goodwin, J. Lizzotte, T. Osborne, J. Pemberton, D. Saleme, B. Sarkis, K. Shirer, P. Streitenberger, A. Tabor, A. Wickline Tom Kromer, POCAT George Donnel, POCAT Jim Thompson, Port Columbus Historical Society John Montgomery, COSWN Marla Rose, Dispatch Rory McGuiness, City of Columbus Chris Franzmann, Squire Patton Boggs (US) LLP Richard Formo, Signature Flight Support Rob Brancheau, R.W. Block CALL TO ORDER Chair Tomasky called the Board Meeting of the Columbus Regional Airport Authority to order at 4:01 p.m. on Tuesday, January 23, 2018. Chair Tomasky welcomed and thanked Frank J. Cipriano for continuing to serve on the Board until his replacement is appointed. Chair Tomasky welcomed Dr. Frederic Bertley, President and CEO of COSI, to his first Board meeting. Congratulations on your appointment, we are happy to have you here. Dr. Bertley is looking forward to the opportunity and is excited to be part of the Board. *Abbreviation Notes: Throughout the minutes CMH = John Glenn Columbus International Airport LCK = Rickenbacker International Airport
Chair Tomasky welcomed new President and CEO of the Columbus Regional Airport Authority, Joseph Nardone, to the meeting. Tomasky thanked the Special Committee for their hard work and generous giving of their time during the selection process for a new President and CEO. Pursuant to the By-Laws, Chair Tomasky nominated Joe Nardone to serve as the Secretary of the Board for the Columbus Regional Airport Authority, officially replacing Elaine Roberts, assuming and upon the Board s approval of this nomination. Kessler moved for approval; Williams seconded. Motion approved unanimously. Chair Tomasky announced the following Committee Leadership changes: Air Service and Customer Experience Committee Terrance Williams, Committee Chair Business Development and Logistics Committee Elizabeth P. Kessler, Committee Chair Human Resources Committee Don M. Casto, III, Committee Chair Chair Tomasky shared that the November Strategy Meeting was a unique productive opportunity for the Board and she plans on having similar sessions in the coming year. MINUTES Chair Tomasky asked if there were any additions or corrections to the Minutes of November 28, and December 12,. Hearing none, Cipriano moved for approval; Heifner seconded. Minutes approved unanimously. COMMITTEE REPORTS AIR SERVICE & CUSTOMER EXPERIENCE COMMITTEE: Williams reported that the committee met on January 17, 2018 and reported the following: Pending entry of Spirit to CMH o 7 Destinations o February start up OneJet s performance o Small business jets to Milwaukee from Columbus o Began last November and the airline is pleased with the performance o Potential for Columbus expansion Transatlantic opportunities Reviewing: o Demand and incentive programs o Competitive environment o Strategies around revenue guarantee support 2018 Global Air Service Strategy o Developing a score card to measure activity and success BUSINESS DEVELOPMENT AND LOGISTICS COMMITTEE: Kessler reported that the committee has not met due to absences and the pending appointment of new members. Depending on the timing of those appointments, an additional meeting may be added to the calendar. Committee Chair Kessler was briefed by Whitaker, Holderman, and Denny on December 20, on current activities, all are positive. FACILITIES & SERVICES COMMITTEE: Heifner reported that the committee met on January 17, 2018 and reported on the following business items: Sarkis provided an update on the Major Capital Projects. Beaver reviewed the end of year capital budget performance. We finished the year at 80% of the projected spend, $44.6M versus a planned baseline of $56.2M. Reviewed the 2018/2019 Capital Budget Planned Spending. Minutes of January 23, 2018 2 of 9
The committee reviewed the proposed Resolutions and recommends full board approval. FINANCE & AUDIT COMMITTEE: Ransier reported that the Committee met prior to the board meeting. The committee reviewed the Financial Statements and Monthly Activity Reports. Bush announced that reviewed financials are unaudited, as the year-end books will not close until January 31, 2018. This will ensure all financials are captured correctly, so expect to see a slight change in the final figures. Bush reviewed the internally prepared financial statements for the year-to-date period ending December 31,. Operating Revenues Actual vs. Budget, with $112.3 million in actual revenues and a budget of $112.3 million, leaving no overall variance to-date. Parking The ($2.354 million) unfavorable variance is the result of a delayed start date for the Valet agreement and the opening of the Walking Lot as well as an aggressive budget for the Blue Lot and alternative transportation in lieu of utilizing the Garage. This is partially offset by an increase in passenger traffic for Rickenbacker and an increase in utilization of the Employee Lot. Ground Transportation The ($241,000) unfavorable variance is due to lower rental car revenue as the result of a payment policy change, which is partially offset by increased utilization of alternative transportation options. Airlines The $338,000 positive variance is due to a decrease in the Supplemental Credit anticipated to be provided to the signatory airlines. Additionally, there is an increase in gate use fees due to increased utilization by Delta and American. This is offset by carry forward adjustments made for the budget to estimate and terminal use fees as a result of Frontier's signatory status change. The final Airline true up will take place once all financials close on January 31, 2018. Concessions & Miscellaneous Leases The $895,000 positive variance is due to higher concession activity due to increased passenger traffic and an increase in miscellaneous leases and ground rent as a result of unplanned renewals and new leases. Additionally, there is an increase due to unbudgeted lodging revenue. Operating Expenses Actual vs. Budget, with $78 million in actual expenses and a budget of $79.4 million, leaving a positive variance of $1.4 million. Salaries and Wages The $328,000 positive variance is the result of vacant positions, partially offset by a decrease in the allocation of project management hours. Benefits & Personnel The $1.45 million positive variance is a result of a decrease in employee health insurance costs due to self-funding as well as vacant positions anticipated to utilize health insurance and a decrease in the costs related to worker's compensation from less claims. Supplies and Materials The $757,000 positive variance is due to a decrease in the usage of snow supply materials as a result of a mild winter as well as a decrease in paint, chemicals, and paving maintenance supplies. Services The ($787,000) unfavorable variance is the result of an increase in legal costs as a result of union negotiations and an annexation agreement at LCK as well as professional services for the Midfield Development Program, FBO/Fuel consulting services, and talent acquisition fees. This is partially offset by a decrease in costs related to glycol remediation and utilities due to a mild winter and a favorable variance due to a budget error for insurance premiums. Additionally, there is a favorable variance as a result of a decrease in spend for fingerprinting, marketing, and merchant service fees. Operating Income Before Depreciation Actual vs. Budget, with $34.3 million in actual Operating Income and a budget of $32.9 million, leaving a positive variance of $1.4 million. Composition of Operating Revenue and Expenses Parking represents 32.2% of our operating revenue. Airlines represent 31% of our operating revenue. 61% of our operating expenses are related to people (benefits, salaries and wages, contract labor). CRAA Salaries & Wages (CMH & LCK) Total filled headcount is 406 employees. We currently have 38 staffing vacancies of which 28 are full-time, 6 part-time, and 4 seasonal positions. Minutes of January 23, 2018 3 of 9
Rental Car Activity Year-to-date transactions are 474,498 compared to 499,277 in November. Year-to-date gross receipts is $74.2 million compared to $85.5 million in November ; creating an unfavorable variance of ($11.3 million). Hotel Operations Actual year-to-date Net Operating Income is $2.02 million vs. a budget of $2.13 million leaving an unfavorable variance of ($114,000). The actual occupancy rate for last month was 79.2% compared to a budget of 77.3%. Rickenbacker Net Operating Income Actual vs. Budget, reflected $2.6 million in actual net operating income compared to a budget of $969,000 providing a positive variance of $1.63 million. Statement of Net Position Analysis The Authority s Net Position remains strong with $952.3 million in total assets and $149.5 million in total liabilities. Included in total assets is $165.4 million in Cash and Cash Equivalents. Capital Expenditures With an approved Capital Budget of $56.2 million and total accrued expenditures to date of $44.6 million, this represents a year-to-date execution rate of 79% of the approved Capital Budget. Debt Structure - The Authority s debt per enplaned passenger is $21.12, which is significantly lower than average debt loads of comparable airports when compared to the Moody s airport average of $50.92. CRAA has $92.1 million of outstanding debt, which includes $9.5 million outstanding under our Revolving Credit Facility. No additional debt is planned at this time. Cash - The days of unrestricted cash on hand is 433 days, with the Moody s airport average being 617 days. Bush announced today there are three (3) Consolidated Rental Car Facility resolutions before the Board for approval. Resolution #07-18 Which authorizes the President & CEO to execute the Concession Agreement and related documents with the Rental Car Companies for the use, occupancy, and operation of the future consolidated rental car facility. Resolution #09-19 Which authorizes CRAA to issue customer facility charge (CFC) revenue bonds in an estimated maximum principal amount of $110,000,000, for the purpose of paying the costs in constructing a consolidated car rental facility. Resolution #10-18 Which is the Board s permission to move forward with the CONRAC bond validation process. HUMAN RESOURCES COMMITTEE: Tomasky announced she is pleased to provide the report of the Human Resources Committee since our other two members, Jordan Miller and Don Casto are absent today. The Human Resources Committee last met on December 15th to review the and 2018 Strategic Priorities and to review the past year s performance of CRAA s President and CEO. We ll hear more about some of these items a little later in today s meeting. Our next committee meeting is scheduled for March 27th. This concludes my report. I d be happy to take any questions. PRESIDENT & CEO REPORT Nardone reported on the following business items: Personal Note Thank you, Madame Chair and Board members, I am excited and thrilled to be in Columbus. The team here is magnificent, welcoming, and kind. I want to thank Jenny Gardner and the rest of the team in transitioning my first six (6) days at CRAA, you have been helpful and supportive. I want to ensure the Board and the team I will be transparent in sharing all business information; I will be up front and honest. Elaine Roberts was a successful leader at CRAA and we will continue to build on those successes; however, my leadership style will be different. I will now give my President s report, touching only on the highlights, please stop me if there are any questions. Thank you again Madame Chair and Board members. Minutes of January 23, 2018 4 of 9
Passenger Air Service COMBINED AIRPORTS PASSENGER OVERVIEW In a combined 7.8 million passengers flew from John Glenn International and Rickenbacker Charter Terminal, the most in the 88-year history of Columbus air service. We expect this momentum to continue in 2018 with the launch of Spirit Airlines from CMH on February 15 and new service to Austin from both airports - all beginning in the next few weeks. With this new service, the Columbus Region has nearly 160 daily departures to 43 destinations between CMH and LCK. JOHN GLENN INTERNATIONAL At John Glenn International passenger traffic was up 4.2% for the month of December compared to. This brought CMH s year-end totals to 7.5 million passengers, a 3.4% increase over the year prior and a 19% increase over the past 3 years. Southwest was the market share leader again in with 36% of the CMH passenger share and carrying 2.7 million passengers a growth of 4% over the year prior. Last year Southwest launched weekly service to New Orleans as well as added nonstop flights to Houston Hobby for the holiday season. In April Southwest will launch weekly nonstop service to Cancun from CMH. American carried 1.8 million passengers in, down slightly at -0.8% over the year prior, while Delta carried 1.6 million passengers in and was up 1.7%. United was just shy of carrying 950,000 passengers in, down -1.4% over the year prior. Frontier carried 288,602 passengers in, a growth of 92% as the airline completed its first full year of service. Frontier s is one of the two carriers providing new service to Austin, which will launch this April. Air Canada carried 68,992 passengers in the year, a growth of 5.4% over. And OneJet s new twice-weekday service to Milwaukee carried 605 people in since their launch on November 1st. RICKENBACKER PASSENGER TERMINAL At Rickenbacker overall passenger traffic, which includes Allegiant and charter operations, was up 31% year-over-year. This is a record number of annual passenger using the Rickenbacker facility which opened in July, 2003. Allegiant carried over 260,000 passengers from Rickenbacker in. This was a strong 33% increase over their passenger total in. This past year the airline introduced new service to Destin/Fort Walton Beach, Florida, and will launch new service to Austin in February. Cargo Air Service was another remarkable year for air cargo at Rickenbacker with nearly 256 million pounds handled at our growing global cargo hub. marks the fourth straight year of annual growth with total tonnage up 26.6% over. growth was once again driven by international cargo flowing through the airport aboard our scheduled international service, which grew from 12 weekly scheduled flights in to 15 in. As a result, total international cargo was up 65% last year and export tonnage up 147%. Export tonnage is critical to balance our strong imports and will be key to continued growth in scheduled service. Above and beyond our scheduled service, domestic and international charters are an important part of the activity at Rickenbacker. Charters contributed 8.7 million pounds of international freight and another 6 million pounds of domestic in air freight as shippers and forwarders utilized LCK on an increasing basis for special projects and supplemental capacity. Minutes of January 23, 2018 5 of 9
In addition to international service, domestic cargo plays an important role in our market. Primarily flying aboard FedEx and UPS, domestic tonnage was up 1% year-over-year after decreases in both 2015 and. Domestic tonnage growth has been muted for the past several years due to shifting of domestic air freight to truck wherever possible. The final year end split for cargo at Rickenbacker came in at 48% domestic and 52% international, the first time in recent history that international traffic share is greater than domestic. As recently as 5 years ago we were a 90/10 split with domestic volume making up the lion s share of activity In other highlights, staff continues to develop niches in specialized air freight. As a Port of Embarkation for the export of livestock, we exported 112 horses in to points around the world. In an effort to expand these services we are currently making upgrades to our livestock handling facility at Rickenbacker by adding 12 rest stalls and a new USDA work area and restrooms. The completion of this project is estimated in June 2018 and will provide additional onairport capabilities to help to secure livestock export business. Customer Experience The Customer Service Team coordinated and hosted local school choirs and musicians as part of our annual holiday musical performances. The kids truly enjoy performing at the airport and our customers appreciate the festive atmosphere the performances give to the airport experience. These local musicians also enjoy performing in the airport s unique environment. The performances by local professional musicians is part of our Melodies in Motion program which was established in 2012 to bring local musical talent into the airport for live performances to enhance the customer experience. Government Affairs In November, we shared that staff was in the initial phase of developing a capital project funding request that would be submitted for a 2018 Capital Bill. While Capital Bill legislation doesn t usually get released until the first quarter of the year, there was a November 6th deadline to submit projects that will ultimately be on the regional priority list for consideration. The focus for CRAA s request is infrastructure development at Rickenbacker. We are seeking $2M to expand the ramp at Air Cargo Terminal 5 to accommodate additional aircraft operations as well as the future expansion of the Air Cargo Terminal 5 facility. We are pleased to report that the project has been included in the region s list of priority projects. The list will be shared with State Legislators as they prepare the capital budget. We hope to learn the results of this process in the next couple months. Turning towards D.C., staff will be in D.C a couple times over the next two months to highlight the Foreign Trade Zone and brief elected officials on activity at Rickenbacker and John Glenn International airports. We will also highlight the need for adequate funding to invest in our critical infrastructure. Speaking of funding, the current stop-gap funding for the government expired on Friday, January 19 effectively shutting down the government. Congress is expected this week to consider an extension into mid-february to give lawmakers more time to try to reach a deal on a budget framework that would pave the way for an omnibus package of FY 2018 appropriations bills. Many of the government employees at our airports work for the Federal Aviation Administration (FAA), Transportation Security Administration (TSA), and U.S. Customs and Border Patrol. Most of these employees will continue to work as essential staff during the shutdown. However, administrative processes at all these agencies will stop so there could be some long term impacts. Enterprise Communications was another year of great success for CRAA. We improved on our Airport Service Quality Score, gained a new airline, added several new routes, expanded our security checkpoint lanes and CMH and LCK, and secured our 15th international cargo flight per week at LCK. We are proud of all our accomplishments from staff. Tab 8 of your board books contain a one-pager highlight just some of our accomplishments. Minutes of January 23, 2018 6 of 9
Winter Operations Update Total snowfall for the -2018 winter season stands at 18.1 inches, which is nearly double the amount (9.3 inches) we received during the entire - winter season. With several storms also including ice and very cold temperatures, conditions have been more challenging than we have experienced in the last few years. Nevertheless, better planning, training and equipment have all helped our airfield crews to manage winter conditions better than ever before. For example, the January 12 storm started with heavy rain, then freezing rain, then high winds with blowing snow and very cold temperatures. Based on the forecast and prior experience, staff expected multiple airfield closures due to pavement icing. Despite the blizzard-like conditions, the teams were able to keep CMH open throughout the entire duration of the storm. LCK also experienced no unplanned closures. Six new pieces of multi-function equipment were purchased and placed into service at CMH; that new equipment contributed significantly to avoiding closures as well as shortening the time required to clear the runways, taxiways & ramps. Airport Police Department awarded Ohio Collaborative Law Enforcement Agency Certification The Airport Police Department was notified in December that it has been certified as fully compliant with newlyestablished State of Ohio standards for police departments. The Ohio Collaborative Community-Police Advisory Board conducted an evaluation of the Department in mid-, and found it to be in full compliance with all the applicable standards. No standards, evaluation process or certification requirements for police departments had previously existed at the state level. Allegiant Recognizes LCK Ground Handling Team Performance Rickenbacker Aviation s ground handling team received recognition from Allegiant Airlines for Performance Excellence for Calendar Year. Of the 885 Allegiant flights handled, on-time performance for delays within our control was 96.8%. This ranks Rickenbacker at the 29th best of Allegiant s 112 total stations. CRAA Top Accomplishments Nardone informed the Board that in their binders is a flyer on CRAA Top Accomplishments. Williams said there are a lot of good things going on here that are not understood out in the market place and asked if this information is pushed out to key constituents. Tabor informed the Board it is included in a community report sent out highlighting accomplishments and current initiatives. Tomasky stated the flyer is a great page to put out on the website for all to see. Tabor to put flyer on website. READING OF RESOLUTIONS RESOLUTION #01-18 AUTHORIZING THE PURCHASE OF FIVE (5) 2018 PROPANE/GAS HYBRID SHUTTLES IN THE AMOUNT OF $330,250 FROM THE EXISTING CONTRACT #1004035, OCP#PGT-2014-001 WITH BUS SERVICE INC. FOR USE IN THE REMOTE SHUTTLE LOTS AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT. MOVED: E. Kessler; YEA: 7 NAY: 0 SECONDED: W. Heifner ABSTAIN: RESOLUTION #02-18 RATIFYING THE PURCHASE AGREEMENT IN AN AMOUNT OF $301,000 WITH RED STONE FARM LLC TO MITIGATE ISOLATED WETLAND IMPACTS RESULTING FROM THE MIDFIELD DEVELOPMENT PROGRAM AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT. MOVED: K. Ransier; SECONDED: E. Kessler YEA: 7 NAY: 0 ABSTAIN: Minutes of January 23, 2018 7 of 9
RESOLUTION #03-18 AUTHORIZING AN INCREASE IN THE AMOUNT OF $729,788.84 TO THE MASTER SERVICE AGREEMENT WITH AMERIBRIDGE, LLC FOR THE PURCHASE AND INSTALLATION OF PASSENGER BOARDING BRIDGES AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT. MOVED: W. Heifner; SECONDED: K. Ransier YEA: 7 NAY: 0 ABSTAIN: RESOLUTION #04-18 AUTHORIZING A CONTRACT IN THE AMOUNT OF $3,688,000 WITH R.W. SETTERLIN BUILDING COMPANY, FOR PROJECT #16015, ESCALATORS 1-12 AND F REPLACEMENT AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT. MOVED: K. Ransier; SECONDED: W. Heifner YEA: 7 NAY: 0 ABSTAIN: RESOLUTION #05-18 AUTHORIZING AN INCREASE IN THE AMOUNT OF $296,851 TO THE MASTER SERVICE AGREEMENT WITH HILL INTERNATIONAL, INC., FOR AS-NEEDED CONSTRUCTION MANAGEMENT AND TESTING SERVICES AT JOHN GLENN COLUMBUS INTERNATIONAL, RICKENBACKER INTERNATIONAL, AND BOLTON FIELD AIRPORTS. MOVED: W. Heifner; SECONDED: E. Kessler YEA: 7 NAY: 0 ABSTAIN: RESOLUTION #06-18 AUTHORIZING AN INCREASE IN THE AMOUNT OF $1,290,352 TO THE MASTER SERVICES AGREEMENT WITH R.W. BLOCK CONSULTING, INC., TO PROVIDE FY2018 PROGRAM MANAGEMENT OVERSIGHT AND ADVISORY SERVICES RELATED TO THE MIDFIELD DEVELOPMENT PROGRAM AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT. MOVED: W. Heifner; SECONDED: T. Williams YEA: 7 NAY: 0 ABSTAIN: RESOLUTION #07-18 AUTHORIZING THE EXECUTION OF CONCESSION AGREEMENTS AND RELATED DOCUMENTS FOR THE USE, OCCUPANCY, AND OPERATION OF THE FUTURE CONSOLIDATED RENTAL CAR FACILITY AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT. MOVED: E. Kessler; YEA: 6 NAY: 0 SECONDED: K. Ransier ABSTAIN: W. Heifner RESOLUTION #08-18 AN INCREASE IN THE AMOUNT OF $102,263.20 TO PROFESSIONAL SERVICES MASTER AGREEMENT # ADMI-2015-PEO-2012-001-001 WITH NESCO RESOURCE COMPANY FOR TEMPORARY PROJECT MANAGEMENT STAFFING SERVICES AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT. MOVED: E. Kessler; YEA: 7 NAY: 0 SECONDED: T. Williams ABSTAIN: RESOLUTION #09-18 DETERMINING THE NECESSITY TO ISSUE CUSTOMER FACILITY CHARGE REVENUE BONDS OF THE AUTHORITY IN AN ESTIMATED MAXIMUM PRINCIPAL AMOUNT OF $110,000,000, FOR THE PURPOSE OF PAYING THE COSTS OF CONSTRUCTING A CONSOLIDATED CAR RENTAL FACILITY; AUTHORIZING THE SELECTION OF RELATED PROFESSIONAL SERVICE FIRMS; AND AUTHORIZING THE PREPARATION OF ALL DOCUMENTATION RELATED THERETO. MOVED: K. Ransier; SECONDED: T. Williams YEA: 6 NAY: 0 ABSTAIN: W. Heifner Minutes of January 23, 2018 8 of 9
RESOLUTION #10-18 DETERMINING THE NECESSITY OF COMMENCING AN ACTION TO OBTAIN AN ADJUDICATION REGARDING THE AUTHORITY OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY TO ISSUE ITS PROPOSED CUSTOMER FACILITY CHARGE REVENUE BONDS, AND THE VALIDITY AND LEGALITY OF ALL PROCEEDINGS TAKEN AND PROPOSED TO BE TAKEN IN CONNECTION THEREWITH. MOVED: K. Ransier; SECONDED: E. Kessler YEA: 6 NAY: 0 ABSTAIN: W. Heifner OTHER BUSINESS With no further business being brought before the board, Chair Tomasky moved to adjourn. Kessler seconded. Chair Tomasky adjourned the meeting at 4:50 p.m. on Tuesday, January 23, 2018. Respectfully submitted, Joseph R. Nardone, CM Secretary JN tlo Minutes of January 23, 2018 9 of 9
Columbus Regional Airport Authority Concessions Report 4th Quarter Respectfully Submitted David Whitaker, CM Chief Commercial Officer Business Development David Saleme, A.A.E. Sr. Manager, Concessions & Revenue Development Business Development
Columbus Regional Airport Authority John Glenn International Concessions Report As of December 31, Current Tenant Listing A Concourse B Concourse C Concourse Pre-Security Food & Beverage Charley's Vending Auntie Anne's American Craft Tavern Burger King Chili's Bob Evan's Express Buckeye Hall of Fame Charley's Philly Steaks Donatos Charley's Vending Charley's Vending Max & Erma's Jeni's Eddie George's Grill 27 Johnny Rockets Pepsi Pepsi Jeni's Pepsi Starbucks- Baggage Claim Starbucks Land Grant Starbucks Starbucks- Food Court Vino Volo Pepsi Starbucks Wolfgang Puck Express Retail Best Buy Best Buy Best Buy Brighton Collectibles CNBC Shop TravelMart CNBC Shop Brooks Brothers Paradies Kiosk Columbus Marketplace Columbus Marketplace PGA Tour Shop The Scoreboard Short North Marketplace Services Airport Mailers Airport Mailers Airport Mailers Chase ATM FuelRod FuelRod FuelRod Currency Exchange Huntington ATM Huntington ATM Huntington ATM Fifth Third ATM Ohio Lottery Massage Bar Ohio Lottery Huntington ATM Ohio Lottery Ohio Lottery Shoe Shine Smarte Carte Ready Credit Advertising Clear Channel RBX Media In, Arrivederci and Great American Bagel closed April 10 and reopened after renovation as American Craft Tavern on July 6. Ready Credit machine installed July 24,. Shoe Shine replaced Dr. Shine August 1. Johnny Rockets closed December 18, for renovation. Starbucks Baggage Claim opened December 30,. Page 1
Columbus Regional Airport Authority John Glenn International Concessions Report As of December 31, Gross Revenue YTD Comparison 2015 2013- Pre TMP, $27,368,207 vs % change 6.7% 2015 $31,053,862 $34,643,828 $36,963,222 $3,500,000 $8,500,000 $13,500,000 $18,500,000 $23,500,000 $28,500,000 $33,500,000 $38,500,000 $43,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $0 Includes total sales of all concessions: food & beverage, retail, services, advertising. Page 2
Columbus Regional Airport Authority John Glenn International Concessions Report As of December 31, Net Revenue YTD Comparison 2015 2013- Pre TMP, $4,285,705 vs % change 8.7% 2015 $4,618,346 $5,088,858 $5,531,107 $0.00 $1,000,000.00 $2,000,000.00 $3,000,000.00 $4,000,000.00 $5,000,000.00 $6,000,000.00 600000 500000 400000 300000 200000 100000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 0 Includes total sales of all concessions: food & beverage, retail, services, advertising. Consistent with the latest lease amendment, on October 1, Host rent increased to 12% on most food and beverage gross revenues and 16% on alcohol gross revenues. Page 3
Columbus Regional Airport Authority John Glenn International Concessions Report As of December 31, Gross Revenue Per Enplaned Passenger YTD Comparison 2015 2013- Pre TMP, $8.79 vs % change 3.1% 2015 $9.15 $9.47 $9.77 $8.20 $8.40 $8.60 $8.80 $9.00 $9.20 $9.40 $9.60 $9.80 $10.00 $10.50 $10.00 $9.50 $9.00 $8.50 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $8.00 Identifies the average gross revenue per enplaned (outbound) passenger at CMH. This isolates the variable of passenger levels across time. Page 4
Columbus Regional Airport Authority John Glenn International Concessions Report As of December 31, Net Revenue Per Enplaned Passenger YTD Comparison 2015 2013- Pre TMP, $1.38 vs % change 5.1% 2015 $1.36 $1.39 $1.46 $1.30 $1.32 $1.34 $1.36 $1.38 $1.40 $1.42 $1.44 $1.46 $1.48 $1.80 $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $0.00 Identifies the average revenue to the Authority per enplaned (outbound) passenger at CMH. This isolates the variable of passengers levels across time. Consistent with the latest lease amendment, on October 1, Host rent increased to 12% on most food and beverage gross revenues and 16% on alcohol gross revenues. Page 5
Columbus Regional Airport Authority John Glenn International Concessions Report As of December 31, YTD Gross Revenue by Type YTD Gross Revenue by Location Food & Beverage % 6.8% Concourse A % 5.1% $24,258,524 $10,027,384 $22,713,866 $9,538,769 $21,750,000 $22,500,000 $23,250,000 $24,000,000 $24,750,000 $9,200,000 $9,400,000 $9,600,000 $9,800,000 $10,000,000 $10,200,000 Retail % 5.4% Concourse B % 6.8% $10,170,831 $12,512,672 $9,645,927 $11,715,354 $9,250,000 $9,500,000 $9,750,000 $10,000,000 $10,250,000 $11,000,000 $11,500,000 $12,000,000 $12,500,000 $13,000,000 Services % 8.1% Concourse C % 3.4% $1,216,235 $5,726,171 $1,124,596 $5,539,668 $1,050,000 $1,100,000 $1,150,000 $1,200,000 $1,250,000 $5,250,000 $5,500,000 $5,750,000 Advertising % 16.3% Pre Security % 8.2% $1,317,632 $5,873,144 $1,133,232 $5,426,525 $975,000 $1,050,000 $1,125,000 $1,200,000 $1,275,000 $1,350,000 YTD Passenger Enplanements A B C Total +/- Difference +/- % 54,798 4.1% 60,071 4.0% 10,933 8.1% 125,802 3.4% $5,000,000 $5,250,000 $5,500,000 $5,750,000 $6,000,000 Other % 16.5% $2,823,851 $2,423,496 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 "Other" reflects the revenue of tenants with sales activity, kiosks, or vending units in each a variety of locations throughout the terminal that cannot be isolated to a specific councourse: Airport Mailers, Best Buy, Clear Channel, Fuel Rod, Huntington ATMs, Ohio Lottery, Pepsi, RBX Media, Smarte Carte, Vending. Page 6
Columbus Regional Airport Authority John Glenn International Concessions Report As of December 31, YTD Net Revenue by Type YTD Net Revenue by Location Food & Beverage % 8.8% Concourse A % 5.2% $2,883,813 $1,344,648 $2,650,404 $1,278,240 $2,500,000 $2,600,000 $2,700,000 $2,800,000 $2,900,000 $3,000,000 $1,225,000 $1,250,000 $1,275,000 $1,300,000 $1,325,000 $1,350,000 Retail % 5.0% Concourse B % 8.9% $1,766,222 $1,649,774 $1,682,396 $1,515,639 $1,600,000 $1,650,000 $1,700,000 $1,750,000 $1,800,000 $1,425,000 $1,500,000 $1,575,000 $1,650,000 $1,725,000 Services % 3.5% Concourse C % 4.8% $275,271 $825,020 $265,876 $787,228 $25,000 $75,000 $125,000 $175,000 $225,000 $275,000 $325,000 $700,000 $725,000 $750,000 $775,000 $800,000 $825,000 $850,000 Advertising % 23.6% Pre Security % 9.3% $605,801 $844,895 $490,005 $773,283 $300,000 $375,000 $450,000 $525,000 $600,000 $675,000 YTD Passenger Enplanements A B C Total +/- Difference 54,798 60,071 10,933 125,802 +/- % 4.1% 4.0% 8.1% 3.4% $725,000 $750,000 $775,000 $800,000 $825,000 $850,000 $875,000 Other % 18.0% $866,770 $734,743 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 "Other" reflects the revenue of tenants with sales activity, kiosks, or vending units in each a variety of locations throughout the terminal that cannot be isolated to a specific councourse: Airport Mailers, Best Buy, Clear Channel, Fuel Rod, Huntington ATMs, Ohio Lottery, Pepsi, RBX Media, Smarte Carte, Vending. Page 7
Columbus Regional Airport Authority John Glenn International Concessions Report As of December 31, 10.2% % of DBE Revenue 10.0% 10.1% 9.8% 9.6% 9.7% 9.7% 9.7% 9.8% 9.4% 9.2% 9.0% 9.4% 9.5% 9.5% 9.5% 9.2% 8.8% 8.9% 8.9% 8.6% 8.4% 8.2% Vendor JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *Charley's $32,229 $27,062 $35,098 $33,155 $35,374 $35,868 $36,293 $36,428 $32,328 $34,099 $30,204 $36,437 Currency Exchange $5,950 $6,046 $11,732 $9,742 $12,781 $19,239 $15,348 $13,898 $13,807 $9,421 $8,028 $8,895 Donatos $121,220 $115,146 $149,182 $141,553 $148,126 $158,607 $157,304 $138,571 $122,089 $132,648 $146,432 $154,634 *Eddie George's Grill $26,035 $26,440 $34,298 $33,668 $35,974 $35,852 $33,624 $33,450 $34,205 $38,663 $32,323 $29,982 Massage Bar $18,786 $19,140 $27,108 $26,476 $29,990 $30,819 $26,363 $27,568 $24,177 $27,403 $21,639 $16,586 Ohio Lottery $35,794 $35,828 $37,624 $36,703 $40,373 $37,728 $40,218 $52,196 $37,293 $37,930 $37,276 $46,535 *Vending $8,182 $7,535 $9,903 $9,460 $9,764 $11,226 $10,039 $9,021 $9,767 $10,113 $10,064 $9,421 DBE Total $248,196 $237,196 $304,945 $290,756 $312,383 $329,339 $319,189 $311,132 $273,665 $290,278 $285,966 $302,489 CRAA Total Revenue $2,467,428 $2,443,354 $3,237,668 $3,050,430 $3,282,854 $3,379,305 $3,365,840 $3,191,404 $3,061,197 $3,277,170 $3,104,517 $3,102,053 % of DME Revenue 10.1% 9.7% 9.4% 9.5% 9.5% 9.7% 9.5% 9.7% 8.9% 8.9% 9.2% 9.8% *Host DBE Total $66,445 $61,036 $79,299 $76,283 $81,113 $82,946 $79,956 $78,899 $76,299 $82,875 $72,591 $75,839 Host Grand Total $1,469,620 $1,427,912 $1,919,588 $1,804,122 $1,923,284 $1,942,248 $1,949,438 $1,834,448 $1,743,125 $1,919,148 $1,795,974 $1,759,563 % of DME Revenue 4.5% 4.3% 4.1% 4.2% 4.2% 4.3% 4.1% 4.3% 4.4% 4.3% 4.0% 4.3% Page 8
Columbus Regional Airport Authority Rental Car Report 4th Quarter Respectfully Submitted David Whitaker, CM Chief Commercial Officer Business Development David Saleme, A.A.E. Sr. Manager, Concessions & Revenue Development Business Development
Columbus Regional Airport Authority John Glenn International Rental Car Report As of December 31, Rental Car Brands Listed by Parent Company YTD Market Share Avis Budget Group 29.42% Avis Rent A Car Budget Rent A Car Dollar 6.34% Thrifty 4.92% Enterprise 19.11% Dollar Thrifty Auto Group 11.26% Dollar Rent A Car Thrifty Car Rental Budget 12.95% Hertz 19.88% Enterprise Rent A Car 19.11% Hertz Car Rental 19.88% Midwest Car Corporation 20.33% National Car Rental Alamo Rent A Car Avis 16.47% Alamo 3.21% National 17.12% Page 1
Columbus Regional Airport Authority John Glenn International Rental Car Report As of December 31, Gross Revenue YTD Comparison 2015 YTD vs % -5.3% $87,119,714 $92,033,406 2015 $92,232,310 $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 $10,500,000 $9,000,000 $7,500,000 $6,000,000 $4,500,000 $3,000,000 $1,500,000 $0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Monthly Revenues Page 2
Columbus Regional Airport Authority John Glenn International Rental Car Report As of December 31, Net Revenue YTD Comparison 2015 YTD vs % -5.3% $8,711,971 $9,203,341 2015 $8,696,529 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Monthly Revenues Page 3
Columbus Regional Airport Authority John Glenn International Rental Car Report As of December 31, Total Gross Receipts Per Transaction Day YTD Comparison 2015 YTD vs % -5.1% $2,861,853 $3,016,432 2015 $3,029,268 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Monthly Revenues Total Gross Receipts Per Transaction Day identify the average gross receipts for all rental car companies per day in each month. CFC increased to $6.00 on September 1,, and to $6.50 per transaction (capped at 7 days) on January 1,. Page 4
Columbus Regional Airport Authority John Glenn International Rental Car Report As of December 31, Customer Facility Charge Current CFC Balanace: $54,254,163.94 YTD Comparison 2015 YTD vs % 8.9% $10,076,593 $9,255,330 2015 $7,548,578 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Monthly Revenues Rental Car Customer Facility Charge is currently collected at the rate of $6.50 per transaction day, capped at seven (7) days. Page 5
Columbus Regional Airport Authority John Glenn International Rental Car Report As of December 31, YTD Gross Revenue Per Brand Avis % -15.2% Enterprise % 9.0% $14,344,841 $16,646,972 $16,910,992 $15,275,323 $12,000,000 $13,500,000 $15,000,000 $16,500,000 $18,000,000 $1,200,000 $6,200,000 $11,200,000 $16,200,000 $21,200,000 Budget % -9.3% Hertz % -7.2% $11,282,799 $17,322,960 $12,434,266 $18,666,175 $10,500,000 $11,250,000 $12,000,000 $12,750,000 $16,500,000 $17,250,000 $18,000,000 $18,750,000 $19,500,000 Dollar % -18.6% National % 1.9% $5,521,296 $14,914,325 $6,782,457 $14,640,382 $4,000,000 $4,750,000 $5,500,000 $6,250,000 $7,000,000 $14,400,000 $14,600,000 $14,800,000 $15,000,000 Thrifty % -9.2% Alamo % 7.5% $4,289,303 $2,797,218 $4,721,637 $2,602,174 $4,000,000 $4,250,000 $4,500,000 $4,750,000 $5,000,000 $2,475,000 $2,550,000 $2,625,000 $2,700,000 $2,775,000 $2,850,000 YTD Passenger Enplanements A B C Total +/- Difference 54,798 60,071 10,933 125,802 +/- % 4.1% 4.0% 8.1% 3.4% Page 6
Columbus Regional Airport Authority John Glenn International Rental Car Report As of December 31, YTD Net Revenue Per Brand Avis % -15.2% Enterprise % 9.0% $1,434,484 $1,664,697 $1,691,099 $1,527,532 $850,000 $1,050,000 $1,250,000 $1,450,000 $1,650,000 $1,850,000 $1,425,000 $1,500,000 $1,575,000 $1,650,000 $1,725,000 Budget % -9.3% Hertz % -7.2% $1,128,280 $1,732,296 $1,243,427 $1,866,617 $1,050,000 $1,125,000 $1,200,000 $1,275,000 $1,650,000 $1,700,000 $1,750,000 $1,800,000 $1,850,000 $1,900,000 Dollar % -18.6% National % 1.9% $552,130 $1,491,433 $678,246 $1,464,038 $400,000 $475,000 $550,000 $625,000 $700,000 $1,450,000 $1,460,000 $1,470,000 $1,480,000 $1,490,000 $1,500,000 Thrifty % -9.2% Alamo % 7.5% $428,930 $279,722 $472,164 $260,217 $200,000 $275,000 $350,000 $425,000 $500,000 $247,500 $255,000 $262,500 $270,000 $277,500 $285,000 YTD Passenger Enplanements A B C Total +/- Difference 54,798 60,071 10,933 125,802 +/- % 4.1% 4.0% 8.1% 3.4% Page 7
Columbus Regional Airport Authority John Glenn International Rental Car Report As of December 31, Rental Transaction Days YTD Comparison 2015 YTD vs % -5.5% 1,649,180 1,744,900 2015 1,685,340 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 180,000 160,000 140,000 120,000 100,000 80,000 105,828 111,665 104,151 97,729 112,911 103,725 123,337 139,717 125,936 141,284 145,607 130,068 153,397 160,112 154,963 161,262 161,245 153,419 170,201 165,781 154,673 169,828 163,523 164,694 147,484 159,591 148,565 164,388 158,832 155,535 131,291 144,958 134,565 119,312 120,957 118,888 60,000 40,000 20,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Total Vehicle Rental Days Per Month CFC increased to $6.00 on September 1,, and to $6.50 per transaction (capped at 7 days) on January 1,. Page 8
Columbus Regional Airport Authority Financial Statements January 31, 2018 Respectfully Submitted Randy Bush, CPA, CIA Chief Financial Officer Unaudited for internal purposes
CRAA Operating Revenue & Expenses For the Period Ending January 31, 2018 ($ In Thousands) REVENUE ACTUAL BUDGET VARIANCE % ACTUAL VARIANCE MANAGEMENT COMMENTS 2018 CURRENT YEAR BUDGET VARIANCE: PARKING $2,783 $2,843 ($60) -2.1% $2,668 $116 AIRLINES 2,644 2,712 (67) -2.5% 2,709 (64) GROUND TRANSPORTATION 795 795 - - 1,045 (250) CONCESSIONS & MISC LESSEES 822 746 77 10.3% 765 57 AIR FREIGHT 513 543 (29) -5.4% 439 75 HOTEL 328 328 - - 301 27 GENERAL AVIATION 289 285 4 1.5% 271 18 GROUND HANDLING FEES 283 271 12 4.6% 218 64 REVENUE Total Operating Revenue has a negative budget variance of $91. PARKING - ($60) The variance is the result of lower than anticipated utilization in the Blue Lot. AIRLINES - ($67) The variance is due to a decrease in landing fees as a result of a decrease in landed weight and rate compared to the budget as well as a decrease in common space rent as a result of a new airline entrant. CONCESSIONS & MISC LESSEES- $77 The increase is the result of an increase in food and beverage and advertising commission. FOREIGN TRADE ZONE 293 313 (20) -6.4% 303 (10) INTERMODAL LIFT FEES 100 100 - - 122 (22) OTHER INCOME 35 41 (6) -14.5% 54 (19) $8,886 $8,976 ($91) -1.0% $8,893 ($8) EXPENSES SALARIES & WAGES $2,455 $2,366 ($89) -3.8% $2,191 ($263) BENEFITS & PERSONNEL 558 854 296 34.6% 901 343 SUPPLIES & MATERIALS 646 477 (169) -35.4% 405 (242) SERVICES 1,987 2,590 602 23.3% 1,731 (256) HOTEL SERVICES 192 192 - - 183 (9) CONTRACT LABOR FBO/GSE 141 163 22 13.3% 159 18 CONTRACT LABOR OTHER 790 822 32 3.9% 700 (90) OTHER EXPENSES - - - - - - $6,769 $7,463 $692 9.3% $6,271 ($499) EXPENSES Total Operating Expenses have a positive budget variance of $692. SALARIES & WAGES - ($89) The unfavorable variance is the result of an increase in overtime due to more snow and ice events than planned as well as an increase in the PTO disbursement compared to the budget. This is partially offset by vacancies throughout the organization. BENEFITS & PERSONNEL - $296 The variance is a result of vacant positions anticipated to utilize health insurance and OPERS. SUPPLIES & MATERIALS - ($169) The variance is due to an increase in snow supplies as well as fuel costs due to more snow and ice events than planned and an increase in the unit price for fuel. SERVICES - $602 The favorable variance is the result of the timing of spend for professional and miscellaneous services, dues and subscriptions, and HVAC and software maintenance. This is partially offset by the timing of spend for glycol remediation and equipment maintenance items. OPERATING INCOME BEFORE DEPRECIATION $2,116 $1,514 $601 39.7% $2,624 ($508) 1 Financial statements set forth are unaudited.
COLUMBUS REGIONAL AIRPORT AUTHORITY For the Period Ending January 31, 2018 ($ In Thousands) COMPOSITION OF OPERATING REVENUE (Current Year Percentage) COMPOSITION OF OPERATING EXPENSES (Current Year Percentage) GENERAL AVIATION 3.2% CONCESSIONS & MISC LESSEES 9.3% GROUND HANDLING FEES 3.2% GROUND TRANSPORTATION 8.9% HOTEL 3.7% SUPPLIES & MATERIALS 9.5% BENEFITS & PERSONNEL 8.2% SERVICES 29.4% HOTEL SERVICES 2.8% AIRLINES 29.8% PARKING 31.4% CONTRACT LABOR FBO/GSE 2.1% OTHER INCOME 4.8% AIR FREIGHT 5.7% SALARIES & WAGES 36.4% CONTRACT LABOR OTHER 11.6% UTILITY COSTS (Year over Year / Year to Date) CRAA SALARIES & WAGES (LCK & CMH) 2018A $387 Head Count Part Time 9 Overtime 2018B $422 A A $406 $413 Filled 406 Vacant 49 Full Time 38 $174 $102 2015A $861 Seasonal 2 Actual Reported through pay period ending 01/13/18. Budget RENTAL CAR ACTIVITY (Year over Year / Year to Date) Number of Transactions Gross Receipts 12/31/ 12/31/ Variance 35,331 36,464 37,325 2015 509,829 535,741 530,864 AVIS $14,345 $16,911 ($2,566) BUDGET 11,283 12,434 (1,151) DOLLAR 5,521 6,782 (1,261) THRIFTY 4,289 4,722 (432) ENTERPRISE 16,647 15,275 1,372 HERTZ 17,323 18,666 (1,343) NATIONAL 14,914 14,640 274 ALAMO 2,797 2,602 195 December 1 Year to Date Reported 1 month in arrears. TOTAL $87,120 $92,033 ($4,914) 2 Financial statements set forth are unaudited.
COLUMBUS REGIONAL AIRPORT AUTHORITY JOHN GLENN INTERNATIONAL For the Period Ending January 31, 2018 ($ In Thousands) HOTEL OPERATIONS EXPENSES BY COST CENTER Actual Budget Variance REVENUE $328 $328 - EXPENSES 192 192 - Net Operating Income $136 $136 - Actual Budget Airfield Apron $987 $136 $829 $135 Revenue Per Available Room Average Daily Rate Occupancy Rate Terminal $1,149 $1,210 $97.81 $98.30 $126.21 $130.36 77.5% 75.4% Prkg./Ground Trans. Leased Properties $935 $255 $908 $285 Actual Budget Actual Budget Actual Budget G&A Support $2,153 $2,843 Statistical Results are reported as of 12/31/17. NON-AIRLINE REVENUE LEASABLE LANDSIDE BUILDINGS JOHN GLENN COLUMBUS GATES (Square Feet) Occupied 220,833 Actual $4,798 Air Cargo - 4760 18,000 Air Cargo - 4750 6,000 Budget $4,786 Vacant 24,000 Variance $12 Total 244,833 % of Total Revenue 64.6% % Occupied 90% Gate Inventory SOUTHWEST 5 FRONTIER 1 DELTA 6 UNITED 3 TOTAL 29 AMERICAN 7 UNLEASED 7 2,451 1,923 1,689 Reported as of 12/31/17. YTD Use of Unleased Gates 926-679 1,359 1,272 111 84 3 Financial statements set forth are unaudited.
COLUMBUS REGIONAL AIRPORT AUTHORITY RICKENBACKER INLAND PORT For the Period Ending January 31, 2018 ($ In Thousands) RICKENBACKER OPERATING INCOME Revenue Actual Budget Variance Actual Variance 2018 Aviation - Business Services $483 $473 $10 $391 $92 Aviation - Public Airport 386 420 (34) 335 51 Aviation - Airside Buildings 94 95 (1) 105 (11) Real Estate 458 474 (16) 491 (32) Indirect - - - 8 (8) Total 1,421 1,462 (42) 1,329 92 Expenses Aviation - Business Services 328 393 64 331 3 Aviation - Public Airport 444 387 (56) 404 (40) Aviation - Airside Buildings 65 76 11 66 0 Real Estate 76 71 (5) 63 (14) Indirect 181 247 66 137 (44) Total 1,094 1,174 80 1,001 (93) Net Operating Income $326 $288 $38 $328 ($2) FBO OPERATIONS LEASABLE LANDSIDE BUILDINGS Actual Budget Variance (Square Feet) GROUND FUEL EVENT FEES UNLEADED $1,565 $1,403 $162 DIESEL 12,270 9,705 2,565 Occupied 270,235 $13,835 $11,108 $2,727 FUEL INTO PLANE FEES Air Cargo - 7200 19,000 CARGO $49,278 $78,326 ($29,048) Air Cargo - 2566 8,000 PASSENGER 4,860 11,797 (6,937) Air Cargo - 7280 24,000 $54,138 $90,123 ($35,985) Vacant 51,000 NUMBER OF AIRCRAFT TURNS CARGO 58 68 (10) PASSENGER 36 37 (1) Total 321,235 94 105 (11) AVIATION RETAIL FUEL SALES (GALLONS) JET A 5,623 6,250 (627) AVGAS 242 542 (300) 5,865 6,792 (927) 4 Financial statements set forth are unaudited. % Occupied 84%
Statement of Net Position Analysis For the Period Ending January 31, 2018 ($ In Thousands) ASSETS 1/31/2018 12/31/ VARIANCE CASH BALANCES CASH & CASH EQUIVALENTS $166,614 $165,637 $978 UNRESTRICTED FUNDS: % of Total ACCOUNTS RECEIVABLE, NET 19,007 20,593 (1,586) REVENUE FUND $22,610 13.57% INVENTORY & PREPAIDS 3,101 3,125 (24) GENERAL PURPOSE FUND 56,857 34.13% LAND, PROPERTY & EQUIPMENT, NET 755,834 758,463 (2,630) O&M/R&R FUND 12,462 7.48% DEPOSITS, DEFERRED OUTFLOWS 16,904 16,904 - HOTEL ESCROW FUND 729 0.44% LIABILITIES SECURITY DEPOSIT FUND 443 0.27% RESTRICTED FUNDS: 93,102 55.88% CURRENT LIABILITIES: PASSENGER FACILITY FUND 17,037 10.23% ACCOUNTS PAYABLE $8,945 $9,626 ($681) RENTAL CAR FACILITY FUND 54,789 32.88% REVOLVING CREDIT FACILITY 9,500 9,500 - BOND DEBT SERVICE FUND 1,002 0.60% ACCRUED EXPENSES 16,908 18,975 (2,067) RETAINAGE DEPOSIT FUND 685 0.41% UNEARNED INCOME, DEFERRED INFLOWS 3,152 3,110 41 73,513 44.12% LONG-TERM LIABILITIES: TOTAL CASH $166,614 REVENUE BONDS 80,160 80,983 (824) UNFUNDED PENSION LIABILITY 38,666 38,641 25 TOTAL LIABILITIES & DEFERRED INFLOWS 157,330 160,835 (3,506) NET POSITION TOTAL ASSETS & DEFERRED OUTFLOWS $961,459 $964,721 ($3,262) NET POSITION - BEGINNING OF YEAR 803,886 783,613 20,272 INCREASE (DECREASE) IN NET POSITION 243 20,272 (20,029) NET POSITION - END OF PERIOD 804,129 803,886 243 TOTAL LIABILITIES, DEFERRED INFLOWS & NET POSITION $961,459 $964,721 ($3,262) Unrestricted Cash on Hand (Days) Days Unrestricted Cash on Hand Board & Airline Approved Moody's Average* *Benchmark from Moody's Airport Medians Report for an A2 airport. 365 410 617 DEBT STRUCTURE CAPITAL EXPENDITURES Debt Per Enplaned Outstanding Balance Passenger Approved Capital Budget $91,542 Revolving Credit Facility (72% LIBOR +85 bps) $ 9,500 Total Cash Expenditures to Date $2,064 Long-Term Debt % of Approved Capital Budget 2% CMH Revenue Bonds: Series - 2013 (Mat. 2021, 1.66%) 8,165 $50.92 Total Accrued Expenditures to Date $2,140 Series - 2015 (Mat. 2030, 2.48%) 34,925 $20.33 % of Approved Capital Budget 2% Series - (Mat. 2023, 1.62%) 37,069 Revolving Credit Facility & Debt $ 89,660 80,160 CRAA Moody's Total Baseline to Date $5,493 Average* % of Baseline to Date 39% *Benchmark from Moody's Airport Medians Report for an A2 airport. 5 Financial statements set forth are unaudited.
CRAA CASH REPORT AS OF: 1/31/2018 FUND NO. FUND NAME DESCRIPTION BALANCE UNRESTRICTED FUNDS: 10 REVENUE FUND Operating Fund $ 17,553,729 Parking/Hotel Petty Cash $ 16,900 Parking Fund $ 5,039,318 Retainage $ - Subtotal $ 22,609,947 11 GENERAL PURPOSE FUND General Purpose/Star Ohio $ 15,209,937 General Purpose Investment MM $ 33,594 General Purpose Securities $ 42,465,000 General Purpose FMV Adjustment $ (656,793) General Purpose Prem/Discount $ (194,310) Subtotal $ 56,857,428 41 OPERATING & MAINTENANCE FUND General Purpose Bond Reserves $ 225,000 O&M Investment MM $ 52,678 O&M Investment Securities $ 11,427,059 O&M FMV Adjustment $ (188,112) O&M Prem/Discount $ (54,304) Subtotal $ 11,462,321 42 REPAIR & REPLACEMENT FUND General Purpose Bond Reserves $ - R&R Investment Securities $ 1,000,000 Subtotal $ 1,000,000 50 HOTEL ESCROW FUND Hotel Replacement Fund $ 728,582 Subtotal $ 728,582 70 DEPOSIT FUND Security Deposits $ 282,307 Parking Security Deposits $ 160,984 Subtotal $ 443,291 Days Cash on Hand: Unrestricted Total $ 93,101,568 410 RESTRICTED FUNDS: 60 PASSENGER FACILITY FUND PFC Fund $ 5,008,965 PFC Excess Funds/STO Bank $ 10,015,892 PFC Excess Funds/PNC Bank $ 2,011,891 Subtotal $ 17,036,748 30 RENTAL CAR FACILITY FUND RCFC Fund $ 4,529,693 RCFC Investments MM $ 65,104 RCFC Securities $ 50,455,000 RCFC FMV Adjustment $ (56,249) RCFC Prem/Discount $ (204,751) Subtotal $ 54,788,798 20 DEBT SERVICE FUND Subordinated Obligation $ 10,292 Subtotal $ 10,292 12 CONSTRUCTION FUND $ - Subtotal $ - 40 BOND DEBT SERVICE FUND Debt Service Reserves - S2007 $ - Debt Service - S $ 492,892 Loan Debt Service - 2013A/B $ 215,631 Debt Service - S2015 $ 283,419 Subtotal $ 991,942 70 DEPOSIT FUND Retainages $ 684,990 Subtotal $ 684,990 Restricted Total $ 73,512,770 CASH TOTAL $ 166,614,338
Statements of Revenues, Expenses and s in Net Position Budget vs. Actual January 31, 2018 REVENUE & EXPENSES ACTUAL BUDGET VARIANCE OPERATING REVENUE CMH TZR LCK IID COMBINED CMH TZR LCK IID COMBINED COMBINED % PARKING $ 2,740,483 $ 44,004 $ 2,784,487 $ 2,799,409 $ 43,876 $ 2,843,285 $ (58,798) -2.1% AIRLINES 2,621,001 23,445 2,644,446 2,680,974 30,899 2,711,873 (67,427) -2.5% GROUND TRANSPORTATION 792,577 1,210 793,787 795,275-795,275 (1,488) -0.2% CONCESSIONAIRES & MISCELLANEOUS LESSEES 662,002 160,237 822,238 588,320 157,206 745,526 76,712 10.3% AIR FREIGHT 4,427 508,985 513,412 1,500 541,315 542,815 (29,403) -5.4% HOTEL 327,743-327,743 327,743-327,743-0.0% GENERAL AVIATION 284,241 4,561 288,802 279,392 5,181 284,573 4,229 1.5% GROUND HANDLING SERVICES - 282,817 282,817-271,328 271,328 11,489 4.2% FOREIGN TRADE ZONE - 292,500 292,500-312,500 312,500 (20,000) -6.4% INTERMODAL LIFT FEES - 100,000 100,000-100,000 100,000 (0) 0.0% OTHER INCOME 32,171 3,272 35,443 38,483 2,956 41,439 (5,996) -14.5% TOTAL OPERATING REVENUE 7,464,645 1,421,030 8,885,675 7,511,096 1,465,261 8,976,357 (90,682) -1.0% OPERATING EXPENSES SALARIES & WAGES 2,082,033 372,526 2,454,559 2,014,745 350,901 2,365,646 (88,913) -3.8% BENEFITS & PERSONNEL EXPENSES 445,672 112,528 558,200 719,881 134,169 854,050 295,850 34.6% SUPPLIES & MATERIALS 396,506 249,797 646,303 279,710 197,448 477,158 (169,145) -35.4% OTHER SERVICES 1,095,752 102,082 1,197,833 1,387,013 193,079 1,580,092 382,259 24.2% PROFESSIONAL SERVICES 116,409 12,226 128,635 281,752 34,299 316,051 187,416 59.3% HOTEL SERVICES 191,627-191,627 191,627-191,627-0.0% PARKING SERVICES 266,796 6,662 273,457 264,700 6,614 271,314 (2,143) -0.8% UTILITIES 390,740 78,916 469,656 420,508 81,420 501,928 32,272 6.4% REIMBURSABLE UTILITIES (81,823) (404) (82,228) (79,485) (391) (79,876) 2,352-2.9% OUTLAYS FOR FIXED ASSETS - - - 15,000-15,000 15,000 100.0% FIXED ASSET OFFSET - - - (15,000) - (15,000) (15,000) 100.0% CONTRACT LABOR FBO/GROUND HANDLING - 141,127 141,127-162,696 162,696 21,569 13.3% CONTRACT LABOR OTHER 757,649 32,580 790,229 786,410 35,480 821,890 31,661 3.9% TOTAL OPERATING EXPENSES 5,661,359 1,108,040 6,769,399 6,266,861 1,195,715 7,462,576 693,177 9.3% OPERATING INCOME BEFORE DEPRECIATION 1,803,286 312,990 2,116,276 1,244,235 269,546 1,513,781 602,495 39.8% DEPRECIATION & OTHER RECONCILING ITEMS DEPRECIATION/AMORTIZATION EXPENSES (3,288,200) (694,837) (3,983,037) (3,368,200) (739,240) (4,107,440) 124,403-3.0% AMORTIZATION OF DEFERRED BOND REFUNDING - - - - - - - - INTEREST INCOME - OPERATING FUNDS 96,684-96,684 86,175-86,175 10,509 12.2% INTEREST INCOME - DEBT SERVICE FUNDS - - - 2,300-2,300 (2,300) -100.0% REALIZED/UNREALIZED GAIN (LOSS) (270,132) - (270,132) - - - (270,132) - OTHER 3,925 57 3,983 46,300 1,370 47,670 (43,687) -91.6% DEBT INTEREST PAYMENTS (169,572) - (169,572) (143,466) - (143,466) (26,106) 18.2% CONTRIBUTED CAPITAL: FEDERAL, STATE & LOCAL GRANTS 194,247-194,247 7,500-7,500 186,747 2490.0% PASSENGER FACILITY CHARGES 1,443,546-1,443,546 1,000,000-1,000,000 443,546 44.4% RENTAL CAR CUSTOMER FACILITY CHARGE 811,397-811,397 800,000-800,000 11,397 1.4% ALLOCATED G&A - - - (1) - (1) 1-100.0% TOTAL DEPREC & OTHER ITEMS (1,178,105) (694,780) (1,872,884) (1,569,392) (737,870) (2,307,262) 434,378-18.8% INCREASE (DECREASE) IN NET POSITION $ 625,181 $ (381,790) $ 243,391 $ (325,157) $ (468,324) $ (793,481) $ 1,036,872-130.7% Financial statements set forth are unaudited.
Columbus Regional Airport Authority Parking & Ground Transportation Operating Revenue & Expenses January 31, 2018 Unaudited for internal purposes
PARKING & GROUND TRANSPORTATION OVERVIEW January-18 2018 Year to Date Year to Date Operating Revenue Actual Budget Variance % Actual Budget Variance % Actual Variance % Parking Garage $ 1,407,206 $ 1,382,580 $ 24,626 1.8% $ 1,407,206 $ 1,382,580 $ 24,626 1.8% $ 1,377,381 $ 29,825 2.2% Blue Lot 464,123 517,753 (53,630) -10.4% 464,123 517,753 (53,630) -10.4% 517,687 (53,564) -10.3% Red Lot 350,426 377,058 (26,632) -7.1% 350,426 377,058 (26,632) -7.1% 376,736 (26,310) -7.0% Employee Lot 64,411 62,465 1,946 3.1% 64,411 62,465 1,946 3.1% 65,349 (938) -1.4% Rickenbacker 44,004 43,876 128 0.3% 44,004 43,876 128 0.3% 43,250 754 1.7% Green Lot 196,973 203,803 (6,830) -3.4% 196,973 203,803 (6,830) -3.4% 203,784 (6,811) -3.3% Walking Lot 21,436 33,000 (11,564) -35.0% 21,436 33,000 (11,564) -35.0% - 21,436 - Parking Subtotal 2,548,579 2,620,535 (71,956) -2.7% 2,548,579 2,620,535 (71,956) -2.7% 2,584,186 (35,607) -1.4% Valet Parking 185,886 169,988 15,898 9.4% 185,886 169,988 15,898 9.4% 38,929 146,956 377.5% Off-Site Parking 43,994 46,416 (2,422) -5.2% 43,994 46,416 (2,422) -5.2% 37,560 6,434 17.1% Hotel Parking 6,406 6,406-0.0% 6,406 6,406-0.0% 6,451 (45) -0.7% Parking Total 2,784,864 2,843,345 (58,481) -2.1% 2,784,864 2,843,345 (58,481) -2.1% 2,667,127 117,737 4.4% Ground Transportation Rental Cars 686,330 690,662 (4,332) -0.6% 686,330 690,662 (4,332) -0.6% 964,420 (278,090) -28.8% Transportation Network Companies 69,771 69,696 75 0.1% 69,771 69,696 75 0.1% 38,623 31,148 80.6% Taxi Cab Commissions 13,667 13,917 (250) -1.8% 13,667 13,917 (250) -1.8% 13,667-0.0% Commercial Access 24,019 21,000 3,019 14.4% 24,019 21,000 3,019 14.4% 28,171 (4,152) -14.7% Ground Transportation Total 793,787 795,275 (1,488) -0.2% 793,787 795,275 (1,488) -0.2% 1,044,880 (251,094) -24.0% $ 3,578,651 $ 3,638,620 $ (59,969) -1.6% $ 3,578,651 $ 3,638,620 $ (59,969) -1.6% $ 3,712,007 $ (133,356) -3.6% Operating Expenses Garage 141,301 141,040 (261) -0.2% 141,301 141,040 (261) -0.2% 130,431 (10,870) -8.3% Blue Lot 148,108 148,027 (81) -0.1% 148,108 148,027 (81) -0.1% 141,656 (6,452) -4.6% Red Lot 106,887 106,816 (71) -0.1% 106,887 106,816 (71) -0.1% 94,173 (12,714) -13.5% Employee Lot 78,350 78,336 (14) 0.0% 78,350 78,336 (14) 0.0% 69,581 (8,769) -12.6% Rickenbacker 9,097 9,094 (3) 0.0% 9,097 9,094 (3) 0.0% 6,201 (2,896) -46.7% Green Lot 68,460 68,425 (35) -0.1% 68,460 68,425 (35) -0.1% 62,770 (5,689) -9.1% Ground Transportation 151,647 110,495 (41,152) -37.2% 151,647 110,495 (41,152) -37.2% 78,910 (72,737) -92.2% Valet Parking 90,012 89,945 (67) -0.1% 90,012 89,945 (67) -0.1% 55,258 (34,754) -62.9% Walking Lot 5,101 5,112 11 0.2% 5,101 5,112 11 0.2% 55,258 50,157 90.8% $ 798,963 $ 757,290 $ (41,673) -5.5% $ 798,963 $ 757,290 $ (41,673) -5.5% $ 694,238 $ (104,724) -15.1% Net Income $ 2,779,689 $ 2,881,330 $ (101,642) -3.5% $ 2,779,689 $ 2,881,330 $ (101,642) -3.5% $ 3,017,769 $ (238,080) -8.3% Total Operating Revenue has a negative budget variance of ($60). BLUE LOT - ($54) The variance is due to less than anticipated utilization. MANAGEMENT COMMENTS CURRENT YEAR BUDGET VARIANCE: Total Operating Expenses has a negative budget variance of ($42). GROUND TRANSPORTATION - ($41) The variance is due to an increase in snow removal supplies related to multiple winter events in January. YEAR OVER YEAR ACTUAL VARIANCE: RENTAL CARS - ($278) The variance is the result of an increase in the estimation of percentage rent for January. Actual revenue was reported in February of $565 which led to a positive variance of $121 for January. VALET PARKING - $147 The variance is due to revenue being reflected under a management agreement, rather than a concession agreement.
CRAA PARKING LOT STATISTICAL INFORMATION For the Period Ended January 31, 2018 CURRENT YEAR PRIOR YEAR Total Spaces Daily Rate Average Occupancy Average Length of Average Length of Stay Garage Long-Term 2,975 $18.00 57.5% 1d 21h 1d 19h Garage Short-Term 274 $30.00 40.1% 4h 25m 4h 3m Blue Lot Covered 235 $10.00 44.7% 4d 21h 4d 19h Blue Lot Uncovered 4,035 $9.00 38.1% 3d 23h 3d 10h Green Lot 2,130 $5.00 60.9% 5d 1h 4d 21h Red Lot 2,686 $7.00 51.0% 4d 11h 4d 14h Rickenbacker 587 $7.00 29.3% 3d 3h 2d 21h Walking Lot 294 $11.00 15.3% 2d 2h N/A Valet Parking 501 $24.00 38.1% 2d 9h N/A VALET PARKING OPERATIONS YTD Revenue (Budget v. Actual) $185,886 $169,988 Budget Actual COMPOSITION OF PARKING REVENUE Current Year to Date Percentage *Blue Lot 17.1% Red Lot 14.7% Employee Lot 2.4% AVERAGE TICKET FEE Garage - Short Term 7.1% Rickenbacker 1.6% Green Lot 7.3% Valet Parking 6.9% Garage - Long Term 42.9% *Covered & Uncovered Blue Lots are combined. Garage LT Garage ST Blue Lot* Green Lot Red Lot Rickenbacker Walking Lot 2018B $41.51 $8.82 $42.55 $28.43 $36.47 $22.43 $33.00 2018 $42.08 $9.44 $41.21 $31.35 $34.91 $24.30 $29.25 $43.48 $8.82 $42.30 $28.97 $37.30 $24.56 $0.00 *Covered & Uncovered Blue Lots are combined. NUMBER OF REVENUE TICKETS COLLECTED Current Year to Date v. Prior Year to Date Current Month Actual v. Current Month Budget Garage LT Garage ST 27,041 28,844 20,826 18,032 28,345 28,844 Budget Actual Blue Lot 11,855 20,826 11,260 18,032 Green Lot 7,034 6,281 2018 12,168 Red Lot 10,101 11,260 10,039 10,339 10,039 7,169 Rickenbacker 1,761 6,281 1,811 Walking Lot 1,956 1,811-1,000 734 734 2018 Garage LT Garage ST Blue Lot Green Lot Red Lot Rickenbacker Walking Lot Total number of tickets collected: 77,001 78,618 Total number of tickets collected: 77,001
January 2018
JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT Monthly Activity Report January 2018 2/27/2018 PASSENGERS Total Passengers - Monthly Total Passengers - Year to Date Airline 2018 Actual Percent 2018 Actual Percent Air Canada Express 4,598 4,130 468 11.3% 4,598 4,130 468 11.3% American 134,174 132,648 1,526 1.2% 134,174 132,648 1,526 1.2% Delta 111,323 108,863 2,460 2.3% 111,323 108,863 2,460 2.3% Frontier 14,304 19,406-5,102-26.3% 14,304 19,406-5,102-26.3% OneJet 228-228 - 228-228 - Southwest 199,528 191,770 7,758 4.0% 199,528 191,770 7,758 4.0% United 63,421 60,936 2,485 4.1% 63,421 60,936 2,485 4.1% AIRLINES TOTALS 527,576 517,753 9,823 1.9% 527,576 517,753 9,823 1.9% CHARTER TOTALS 2,456 3,629-1,173-32.3% 2,456 3,629-1,173-32.3% AIRPORT TOTALS 530,032 521,382 8,650 1.7% 530,032 521,382 8,650 1.7% CARGO Total Cargo (Freight and Mail) - Monthly Total Cargo (Freight and Mail) - Year-To-Date Airline 2018 Actual Percent 2018 Actual Percent Air Canada Express - - - - - - - - American 179,249 177,760 1,489 0.8% 179,249 177,760 1,489 0.8% Delta 136,427 145,890-9,463-6.5% 136,427 145,890-9,463-6.5% Southwest 349,219 580,392-231,173-39.8% 349,219 580,392-231,173-39.8% United 2 30,882-30,880-100.0% 2 30,882-30,880-100.0% AIRLINES TOTALS 664,897 934,924-270,027-28.9% 664,897 934,924-270,027-28.9% CARGO AIRLINES TOTALS 39,642 9,251 30,391 328.5% 39,642 9,251 30,391 328.5% AIRPORT TOTALS 704,539 944,175-239,636-25.4% 704,539 944,175-239,636-25.4% AIRCRAFT OPERATIONS Actual Operations - Monthly Actual Operations - Year to Date Airline 2018 Actual Percent 2018 Actual Percent Air Canada Express 96 104-8 -7.7% 96 104-8 -7.7% American 1,176 1,195-19 -1.6% 1,176 1,195-19 -1.6% Delta 782 805-23 -2.9% 782 805-23 -2.9% Frontier 57 75-18 -24.0% 57 75-18 -24.0% OneJet 25-25 - 25-25 - Southwest 937 996-59 -5.9% 937 996-59 -5.9% United 628 548 80 14.6% 628 548 80 14.6% AIRLINES TOTALS 3,701 3,723-22 -0.6% 3,701 3,723-22 -0.6% CHARTER TOTALS 100 109-9 -8.3% 100 109-9 -8.3% CARGO AIRLINES TOTALS 7 6 1 16.7% 7 6 1 16.7% AIRPORT TOTALS 3,808 3,838-30 -0.8% 3,808 3,838-30 -0.8%
JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT January 2018 Monthly by Passengers Southwest 37.6% United 12.0% Other (Charters / OneJet) 0.5% Air Canada 0.9% American 25.3% Frontier 2.7% Delta 21.0% Notes: Figures may not add up to 100% due to rounding Year to Date by Passengers Southwest 37.6% United 12.0% Other (Charters / OneJet) 0.5% Air Canada Express 0.9% American 25.3% Frontier 2.7% Delta 21.0% Notes: Figures may not add up to 100% due to rounding Total Passengers 750,000 700,000 650,000 600,000 550,000 500,000 450,000 400,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 2015 2018 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Growth 2014 431,573 436,243 570,869 518,866 571,958 593,617 590,414 540,844 510,182 561,479 507,340 522,589 6,355,974 2.1% 2015 468,973 445,267 583,440 560,206 595,177 620,897 624,113 579,387 549,335 619,758 582,694 567,146 6,796,393 6.9% 497,271 495,819 630,788 581,346 652,145 689,135 678,292 616,346 616,726 648,764 628,585 588,963 7,324,180 7.8% 521,382 503,768 670,825 629,700 674,226 698,219 693,417 642,709 604,893 672,152 651,507 613,794 7,576,592 3.4% 2018 530,032 530,032 18 vs. 17 1.7% YE Peak Month YE Lowest Month Prepared by the Business Development Division, Columbus Regional Airport Authority
JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT January 2018 Estimated Load Factor* 100.0% 85.2% 80.0% 75.3% 73.4% 74.7% 73.6% 65.1% 60.0% 47.9% 40.0% 20.0% Air Canada American Delta Frontier OneJet Southwest United *Values based on estimating the amount of inbound seats reported on airline landing reports 90.0 Historic Load Factor 85.0 80.0 75.0 70.0 65.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 2015 2018 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 70.4 76.5 81.7 77.9 82.5 84.2 81.4 78.8 78.2 80.7 76.6 78.5 2015 73.1 79.0 81.3 78.8 81.7 83.8 81.7 76.6 76.4 81.4 78.4 78.0 71.2 74.9 81.6 77.0 81.7 84.1 83.2 76.9 79.8 81.7 81.6 78.8 71.6 75.1 83.7 80.9 83.3 85.0 83.2 78.4 79.2 83.6 83.1 80.3 2018 74.9 Source: US Department of Transportation T-100 Data Survey supplemented with CRAA reports Given lag with DOT data, values based on estimating the amount of inbound seats reported on airline landing reports Prepared by the Business Development Division, Columbus Regional Airport Authority