Investor Presentaiton
Financial Review
Continued strong passenger demand and airline capacity play a pivotal role in the revenues generated by
Charlottetown Airport Authority. In 2013, landing and terminal fees as well as passenger facility fee revenues were
close to those recorded in 2012, which was a record setting year for passenger traffic.
Increased operational costs due to adverse winter weather conditions coupled with increased costs associated with
depreciation and maintenance and repairs of both buildings and equipment resulted in a drop in our bottom line
from prior years; however the Airport Authority was able to generate excess revenues of $1.70 million in 2013, a slight
increase from budgeted excess revenues of $1.63 million.
Both the City of Charlottetown and the Province of Prince Edward Island support the Charlottetown Airport through
property tax grants. Their support is greatly appreciated and through continued partnerships such as these we
anticipate providing increased economic benefits for our Island economy.
As always, our continued and ongoing success would not be possible without the support of our airline partners, Air
Canada, WestJet, Delta Air Lines and Sunwing Airlines.
2013 Actual vs. Business Plan Forecast
Plan
Actual
Difference
Revenues
8,125,102
8,426,820
301,718
Expenses
6,493,823
6,721,985
228,162
Capital
1,641,000
2,009,372
368,372
Explanation
Airline schedule and fleet changes positively impacted
landing and terminal fees as well as Passenger Facility
Fees.
Increased repairs to terminal building as well as increased
costs to clear runways/aprons and snow removal associ-
ated with weather conditions.
Variance equivalent to remaining capital costs associated.
with departures area expansion project that was approved
in a prior year.
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