JAA Posts Increases in Revenues and Operating Income

October 24, 2016

Jacksonville Aviation Authority today announced its unaudited financial results for the fiscal year ended September 30, 2016.

For Fiscal Year 2015-2016, JAA posted revenues of $79.6 million, a 6 percent increase over revenues of $75 million in the previous year.  Operating income jumped 11 percent to $30 million, from $27 million a year earlier.

Total enplanements for the FY 2015-2016 were 5.6 million, a 3 percent increase over the prior year.

“We are very pleased with these operating results,” said JAA CEO Steve Grossman. “With an improving aviation landscape, we have continued to aggressively market our wonderful assets, while holding the line on expenses.”

JAA also announced that Ross Jones has joined the authority as Director of Finance. He is replacing Diane Pinkerman, who is retiring.  Jones, a CPA, most recently served as Manager of Tax Reporting and Planning at Rayonier Advanced Materials.

JAA owns and operates Jacksonville International Airport, Cecil Airport, Jacksonville Executive at Craig Airport and Herlong Airport.


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