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PENINSULA AIRPORT COMMISSION
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2024
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Management’s Discussion and Analysis (“MD&A”) of the Peninsula Airport Commission’s (“Commission”) activities
and financial performance provides the reader with an introduction and overview to the basic financial statements
of the Commission as of and for the fiscal year ended June 30, 2024. The Commission is directly responsible for
the operation of the Newport News-Williamsburg International Airport’s (“PHF” or “Airport”) activities. The
information contained in MD&A should be considered in conjunction with the financial statements and various
historic summaries of activities and financial performance included in this report.
Following the MD&A are the basic financial statements of the Commission together with the notes thereto, which
are essential to a full understanding of the data contained in the financial statements. In addition to the basic
financial statements and accompanying notes, this section also presents certain supplementary information
regarding debt service requirements to maturity and information regarding capital acquisition and construction
activities.
Airport Activities and Highlights
Airport activities increased (decreased) in major areas in relation to previous years as follows:
2024
2023
Enplanements
65,733
75,085
% Increase (decrease)
-12.46%
-21.95%
Aircraft operations
34,670
39,090
% Increase (decrease)
-11.31%
-24.83%
Landed weight
102,290,831
106,622,340
% Increase (decrease)
-4.06%
1.17%
Parking (vehicles)
32,246
27,863
% Increase (decrease)
15.73%
-26.18%
Parking (revenue)
709,755
746,150
% Increase (decrease)
-4.88%
-5.80%
Rental car commissions
1,808,166
1,779,242
% Increase (decrease)
1.63%
-2.60%
Customer facility charge
770,262
676,137
% Increase (decrease)
13.92%
-7.28%
Activity levels for the year of FY 2024 are reflective of continued weak recovery of air travel at smaller airports.
The nationwide rebound in air travel since the “COVID-19” pandemic shutdowns have not proportionally benefited
all airports evenly. A continuing industry wide shortage of pilots, aircraft, and flight support staff has resulted in
increasing concentration of passenger traffic to airports able to provide better economies of scale.
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