Jacksonville Aviation Authority Posts Unaudited Financial Results JAA Shows Positive Results for 2009-2010 Fiscal Year

The Jacksonville Aviation Authority today announced its unaudited financial results for the 2009-2010 fiscal year, which ended Sept. 30, 2010.

The FY10 total operating revenue was $60.2 million and the total operating expense was $38.6 million. This resulted in an operating income, before depreciation, of $22.4 million for the authority, which manages Jacksonville International Airport (JAX), Cecil Field, Craig Airport and Herlong Airport.

These results boast an 8% increase over an operating income of $20.7 million in the previous year. The authority was also able to cut total expenses from $39.2 million last year to $38.6 million this year.

The total passenger activity at JAX experienced a slight decline of 2% from 5.7 million travelers in the previous year to 5.6 million this year.

“Given the difficult economic environment over the past year, we are extremely pleased with these positive financial results,” said JAA Chief Executive Office and Executive Director Steve Grossman. “The entire JAA team has once again risen to the occasion by increasing revenue, holding down costs and turning in another exemplary performance.”
 
 
For more information, contact  Debbie Jones