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7th ANNUAL AIRPORT UPDATE
April 5, 2016
Thomas J. Malafronte, A.A.E.Deputy Airport Director
OVERVIEW
• The Airport• Economic Impact • Airline Industry• Air Service Development• Project/Real Estate Update• Questions
AIRPORT OVERVIEW
AIRPORT ACTIVITY
• $45 million annual budget• Serve NH, MA, ME, VT
• 52% outside of New England • 33% NH• 8% MA• 5% ME• 2% VT
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
BIG FOUR HOLD 80% OF THE DOMESTIC MARKET10
Airlines
4 Airline
s
2001 2013
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
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
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
• 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
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
REAL ESTATE AND PROJECT UPDATE
• Passenger Flow Improvement project
• Consolidated Rental Car Facility
• East Ramp development
• 17 Acre development
• 22 additional parcels available
Existing LayoutPassenger Screening
Future (Six Lane) Configuration
New Rental Car Facility - Interior View
EAST RAMP DEVELOPMENT
17 ACRE SITE DEVELOPMENT
22 OTHER PARCELS AVAILABLE
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]
Thank you!
