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PENINSULA AIRPORT COMMISSION
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2025
7
Airport Rates and Charges
The Commission established an Airline Use and Lease Agreement (“Agreement”) effective November 1, 1992,
which in part establishes the rates and charges for the use of the Airport. Landing fees are $1.98 per 1,000 lbs.
of landed weight at June 30, 2025. Terminal rental rates are $34 per square foot at June 30, 2025. The
Commission also has the ability under the Agreement to adjust Airport rates and charges annually to ensure
adherence to all financial covenants in its bond resolutions. It establishes new rates and charges for the use of its
facilities and for services provided to its customers on an annual basis. Airline permits were negotiated with the
airlines in 2012 and are on a month-to-month schedule. New Airport rates and charges were approved for fiscal
year 2020 and went into effect on July 1, 2019.
Revenues
A summary of revenues is as follows:
Percent of
Percent of
2025
Total
2024
Total
Operating Revenues:
Airfield
1,648,474
$
31.3%
1,549,523
$
28.1%
Terminal and landside
3,236,317
61.5%
3,336,327
60.5%
Other rents
372,351
7.1%
381,647
6.9%
Administrative and miscellaneous
8,267
0.2%
2,396
0.0%
Total Operating Revenues
5,265,409
100.0%
5,269,893
95.5%
Nonoperating Income:
Interest income
742
0.0%
2,551
0.0%
Gain on sale of assets
-
0.0%
245,000
4.4%
Total Nonoperating Income
742
0.0%
247,551
4.5%
Total Revenues
5,266,151
$
100.0%
5,517,444
$
100.0%
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