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Item # 2.

Council Meeting

Meeting Date:	04/26/2022
Department:	Airport
Pillars:	Excellence in Transportation Systems
Milestones:	Leverage Airport assets to maximize business growth and expansion Implement the Asset Management Plan in accordance with the Asset Management Policy, utilizing information systems

AGENDA CAPTION:

Present and Discuss the Airport Quarterly Report for the Fiscal Year 2022 Second Quarter Ended March 31, 2022.

BACKGROUND:

The purpose of this item is to provide City Council with an overview of key Airport performance measures for the second quarter of Fiscal Year 2022, which ended on March 31, 2022. The report presents data on revenue, fuel flowage, and aircraft operations (take-offs and landings) including international operations. The report also includes a snapshot of the Airport's real estate portfolio.

Highlights from the second quarter include:

Aircraft operations continue to show a strong trend of recovery from the pandemic.
Addison is benefiting from the closure of Runway 13R/31L at Dallas Love Field, which began April 27, 2021 and is now expected to continue at least until the end of June 2022. Congestion resulting from Love Field being reduced to a single-runway operation has encouraged a significant volume of business aviation traffic to select Addison as an alternative. This development has positively impacted Addison's IFR operations, Jet-A fuel flowage volume, and international traffic.
Instrument Flight Rules (IFR) operations, which are a good marker for jet and turbo-prop operations, continued to show unusual strength.
Fuel flowage volumes continued to set records in the second quarter of Fiscal Year 2022. Halfway through the fiscal year, total fuel volume stands at 5,123,876 gallons (93.7% of which is Jet-A). The record highest annual total fuel volume for the airport was Fiscal Year 2002, which tallied 8,912,933 gallons.
U.S. Customs & Border Protection (CBP) commenced operations from the new facility on February 14, 2022. From February 14 through February 28, CBP cleared 40 international flight arrivals. In March, CBP cleared 92 arrivals, the highest monthly total on record. Halfway through the fiscal year, CBP has cleared 386 arrivals, a figure which rivals the annual average (of 410 arrivals) from Fiscal Years 2016 through 2019.
The Galaxy FBO project continues to struggle with construction delays and is now expected to open in July 2022. When Galaxy FBO opens, it will add more than 100,000 square feet of much-needed hangar capacity at Addison. Per lease terms, "Additional Rent" due from Galaxy has been billed (in arrears) commencing December 1, 2021.
The airport selected Garver to serve as the engineer of record for Airport Improvement Program (AIP) grant funded projects for the next five year period. The first project will be design for the extension of Taxiway Bravo on the west side of the airport.
The airport closed for 5 days in early April (April 8-12) for a grant-funded project to crack seal and seal coat the runway and Taxiway Alpha. The runway designation officially changed from 15-33 to 16-34 as of March 24, 2022 to account for recent changes in magnetic variation (the magnetic north pole is moving).

RECOMMENDATION:

Information only, no action required.

Attachments
Presentation - Airport Quarterly Update, FY2022 Second Quarter