John Wayne Airport’s annual report shows revenue and income grew in 2016 compared with the prior year, while expenses held steady.
The airport is owned by Orange County; OC’s fiscal year runs July 1 through June 30.
JWA’s audited statement of operations—annual revenue and expenses—showed:
- Operating revenue of $129.2 million, up 5.5% from 2015’s $122.4 million
- Operating expenses of $111.9 million, up 0.5% from 2015’s $111.3 million
- For operating income of $17.3 million, up 55% from 2015’s $11.1 million
Parking and concessions were the two largest revenue generators and combined for 55% of operating revenue; landing fees and terminal rental contributed 29%. Aircraft tie-down revenue—generated largely by individuals who own small planes—contributed 1%.
A separate category for “non-operating revenue” includes line items such as interest income, fines, and the passenger facility charge; non-operating revenue more than doubled to $15 million, up from $7.3 million in 2015.
The passenger facility charge is a ticket fee airports collect to pay projects approved by the Federal Aviation Administration; the fees are capped at $4.50 per flight.
The JWA PFC is $4.50 for departing-flight passengers and its PFC revenue grew to $20.5 million in FY 2016, up 8.3% from 2015’s $19 million.
Macias, Gini & O’Connell LLP in Newport Beach audited the annual report.