budget for aviation and dulles corridor enterprise funds

2012 BUDGETMetropolitan Washington Airports Authority●To establish a business relationship between the Airports Authority and theAirlines to provide incentives for cooperation on revenue-producing initiatives atthe Airports.The Airline Agreement provides a number of important benefits to the SignatoryAirlines, including:●●●●Direct lease of premises at the Airports to support their air transportationactivities;Participation in the financial performance of the Airports Authority through thesharing of the Airports Authority’s NRR each year;Right to conduct certain additional activities at the Airports (i.e., in-flight foodcatering) in support of airline operations; andAn active role in the execution of the CCP, including Airports Authorityrecognition of the Metropolitan Washington Airlines Committee (MWAC) as thetechnical representative of the airline community for the CCP.Signatory Airline Cost Per EnplanementA benchmark used throughout the airport industry to measure the financial performance ofairports is the signatory airline cost per enplaned passenger. Since airport operatorsprimarily build, operate, and maintain structural facilities (terminals, hangars, runways,roadways, etc.), the airline cost per enplaned passenger is generally higher for airports withrecent major construction and/or underutilized facilities. Because the Airports Authority hasbeen expanding facilities at Dulles International and modernizing Reagan National, fees andcharges paid by the Airlines to the Airports Authority have increased to recover the debtissued to finance these improvements.The Signatory Airline cost per enplanement for 2010 through 2012:Table 3-7 Actual Budget Budget % ChangeSignatory Airline Cost per Enplanement 2010 2011 2012 2011 vs. 2012Reagan National $12.84 $14.38 $12.17 -15.3%Dulles International $17.16 $20.89 $26.74 28.0%Combined $15.29 $18.07 $20.17 11.6%47