Larger text
Smaller text
Airlines’ fees to rise as Airport Authority adopts 2013 budget
Daily Photo Galleries
Business Photo Galleries
By Tom Fontaine
Published: Saturday, October 13, 2012, 12:01 a.m.
Updated: Tuesday, February 19, 2013
The Allegheny County Airport Authority on Friday adopted a $159.6 million operating budget for next year that increases airlines' cost of doing business at Pittsburgh International Airport.
The spending plan boosts airlines' per-passenger costs 2.7 percent to $14.66, up from $14.28 this year. Costs include landing fees and renting space in the air-side terminal and on the airport ramp.
The increase might have been larger, but board Chairman David Minnotte said the authority has “better controlled costs and improved revenues.”
Overall, next year's budget and debt payments will be 3.3 percent, or $5.1 million, higher than this year's.
A bulk of the increase — or $3.8 million — will be used to make payments on a $50 million bond issued this year for facility improvements.
That will increase the authority's debt payment to $65.7 million. Most of it is related to the $1 billion construction of the airside and landside terminals two decades ago.
The authority also adopted a $35.5 million budget for facility improvements next year, including repairs to people-mover trains that travel between Pittsburgh International's two terminals, replacing guard shacks around the airport's perimeter and terminal improvements.
Tom Fontaine is a staff writer for Trib Total Media. He can be reached at 412-320-7847 or tfontaine@tribweb.com.
There are currently no comments for this story.Most-Read Business Headlines
- Lending is lifeblood for small businesses
- Bernanke comments on stimulus’ end stagger stocks
- Familiar face -- and company founder -- loses Men’s Wearhouse job
- Banks violate $25B mortgage settlement
- Strollers recalled over tire blowouts
- Swiss bill to protect banks perishes
- Zero percent doesn’t necessarily mean zero worries
- Smart grocery shopping pays off
- FedEx 4Q profit drops as economic growth is weak
- PNC to phase out free checking accounts
- SEC investigation to continue into ‘suspicious’ acquisition of Heinz stock option
Subscribe today! Click here for our subscription offers.
