Preliminary Airport Budgets for FY 2020 Presented to Greater Orlando Aviation Authority Board

Press Release

ORLANDO, FL. — The Greater Orlando Aviation Authority (GOAA) Board got its first look at the budget for next fiscal year. The $593,549,000 FY 2020 budget for Orlando International Airport (MCO) represents an overall increase of $26.64 million over last year. The budget for Orlando Executive Airport (ORL) is $4.3 million.

The next fiscal year begins October 1, 2019.

“The proposed budget for fiscal year 2020 not only maintains current operational status of Orlando International Airport, but it allows us to expand key services to meet the growing demands of the traveling public,” said Phil Brown, Chief Executive Officer of GOAA. “It’s critical for us to enhance our security and maintenance measures as we continue to see an increase in the number of travelers passing through our world-class facility.”

The increase in revenue reflects continued passenger traffic growth at Orlando International. Based on current data, the Authority expects to surpass 50 million annual passengers by October 2019. Anticipated, continued strength in airport activity has affected several areas within our organization.

“As the first and last impression for so many visitors to the Central Florida region, we are committed to maintaining our focus on our top-rated customer experience initiatives to ensure guests enjoy The Orlando Experience®,” said Domingo Sanchez, Chairman of the GOAA board.

FY 20 Preliminary Budgeted Revenues – Orlando International Airport $593,549

Preliminary Budgeted Revenues - FY 2020

Below are select areas and their anticipated increase:

  • Ground transportation: $6.7M
  • Terminal Premises: $3.6M
  • Landing revenue: $2.8M
  • Concessions: $3.8M

MCO receives a significant amount of revenue from non-airline sources (concessions, car rentals, hotel, etc.).

As a result of revenue increases in FY 2020, Authority leaders will maintain the airport’s competitive stance in the industry with the Cost per Enplaned (CPE) passenger decreasing from 2019. The FY 2020 CPE rate for participating airlines will be $5.32 versus the $6.40 rate established for 2019.

“Keeping the Cost per Enplaned passenger low is so important because it helps airlines keep flights affordable,” said Kathleen Sharman, GOAA’s Chief Financial Officer. “Beyond that, low airfares keep Orlando attractive for business and leisure travelers.”

Orlando International’s rates are below the 25th percentile for large hub airports.

Additional 2020 Budget Highlights:

  • Participating airlines account for 95% of MCO passenger traffic
  • Overall operating budget for ORL increased $509,000 over 2019 as a result of increases in Commercial Properties, aviation-related revenues and other revenue.

Following the Board’s preliminary approval Wednesday, the proposed budget will be sent to the City of Orlando for a public hearing before final adoption at the September GOAA Board meeting.

Basic MCO information: With more than 49 million annual passengers, Orlando International Airport (MCO) is the busiest airport in Florida and 10th busiest in the U.S. MCO is currently engaged in a $4.2 billion Capital Improvement Program to increase capacity and enhance customer convenience.

Preliminary Budget