March 7, 2011

The Jacksonville Aviation Authority reported $20.4 million in income in fiscal 2010 before depreciation and amortization through $59 million in operating revenue.

The authority said in an audited financial result statement that its assets increased to $436.7 million in fiscal 2010, which ended Sept. 30, from $431.9 million in the prior fiscal year. Although passenger traffic through Jacksonville International Airport was down by 2.6 percent in fiscal 2010, the airport reported year-over-year increased passenger traffic in the past five consecutive months.

“We are very pleased with these results, given that the aviation industry is still experiencing difficulties in this economic environment,” authority CEO and Executive Director Steve Grossman said.

The authority manages JIA, Cecil Airport, Jacksonville Executive at Craig Airport and Herlong Recreational Airport.

Source: http://www.bizjournals.com/jacksonville/news/2011/03/07/jaa-made-204m-in-fiscal-2010.html