Revenue shortfall hits Tinian, Rota airports

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Posted on Mar 31 2006
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The Rota and Tinian airports sustained revenue shortfall during the first four months of the fiscal year, even as gross airport revenues increased due to improved passenger traffic to the islands.

Rota airport’s gross revenue improved to $147,719 compared with the previous fiscal year’s $137,725, but the slight growth failed to pull up its net revenue due to higher personnel and operation costs.

Commonwealth Ports Authority comptroller George Palican said the airport’s expenses increased by $46,455 mainly due to the retirement of some employees.

Personnel costs went up from $282,399 to $327,898, reflecting a 16-percent increase, or $45,499 higher. Maintenance and operating costs went up from $65,464 to $73,716.

The deficit increased by $43,757, with the Rota airport incurring a net deficit of $253,895. Net deficit for the same period in Fiscal Year 2005 only totaled $210,138.

Passenger departures from the airport totaled 10,106—443 passengers higher than last year’s total. Enplanement cost per passenger, however, increased from $36 to $39.74.

The airport received a total of 10,168 passengers during the period, even as aircraft landings went down from 1,433 to 1,087.

Meanwhile, the Tinian airport’s net deficit went up from $131,057 to $159,481. Personnel costs during the period increased by $39,879—from $187,763 to $227,642. Maintenance and operating expenses also increased from $46,296 to $64,375.

The increase in the airport’s revenue failed to bring down the net deficit, even as it increased by almost $30,000 from $103,002 to $132,536.

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