Addison Airport Quarterly Report
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At the February 22 City Council Meeting, Addison Airport Director Joel Jenkinson shared an overview of key Airport performance measures for the first quarter of Fiscal Year 2022, which ended on December 31, 2021. 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 first 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, continued to show unusual strength.
- Fuel flowage posted the highest quarterly volume on record. Jet-A accounted for 93.6% 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, Jet-A fuel flowage volume, and international traffic.
- Real estate revenues remained relatively 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 remains effectively at 100% occupancy.
- The Galaxy FBO project has experienced additional delays and is now expected to open near the end of April 2022. When Galaxy FBO opens, it will add more than 100,000 square feet of much-needed hangar capacity at Addison.
- U.S. Customs and Border Protection (CBP) occupied the first floor of the new facility the week of February 1, 2022.