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PENINSULA AIRPORT COMMISSION
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2025
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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, 2025. 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:
2025
2024
Enplanements
69,871
65,733
% Increase (decrease)
6.30%
-12.46%
Aircraft operations
32,086
34,670
% Increase (decrease)
-7.45%
-11.31%
Landed weight
104,786,314
102,290,831
% Increase (decrease)
2.44%
-4.06%
Parking (vehicles)
34,547
32,246
% Increase (decrease)
7.14%
15.73%
Parking (revenue)
759,406
709,755
% Increase (decrease)
7.00%
-4.88%
Rental car commissions
1,727,443
1,808,166
% Increase (decrease)
-4.46%
1.63%
Customer facility charge
725,505
770,262
% Increase (decrease)
-5.81%
13.92%
Activity levels for the year of fiscal year 2025 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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