Mr. Piccolo reviewed new terminal rental rates. Even with the projected increases, the airport continues to have to lowest unit cost of the region's competing airports and the lowest CPE by a significant margin. Rates for FY 2022 are as follows:
| TERMINAL RENTAL RATES: | FY 2021 | FY 2022 | Change |
|---|
| Sarasota Bradenton Int'l | $ 61.67 | $ 63.47 | + 2.9% |
|---|
| Tampa International | $ 206.79 | $ 236.94 | + 14.6% |
|---|
| Southwest Florida Int'l | $ 92.08 | $ 99.18 | + 7.0% |
|---|
| LANDING FEES: | FY 2021 | FY 2022 | Change |
|---|
| Sarasota Bradenton Int'l | $ 0.48 | $ 0.45 | (5) % |
|---|
| Tampa International | $ 2.76 | $ 2.12 | (27) % |
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| Southwest Florida Int'l | $ 3.32 | $ 2.42 | (23) % |
|---|
| COST PER ENPLANEMENT: | FY 2021 | FY 2022 | Change |
|---|
| Sarasota Bradenton Int'l | $ 10.70 | $ 5.02 | (53.0) % |
|---|
| Tampa International | $ 11.48 | $ 9.99 | (12.9) % |
|---|
| Southwest Florida Int'l | $ 10.15 | $ 7.31 | (27.9) % |
|---|
Mr. Piccolo discussed funding for the supplemental marketing budget. Funding comes from Interest Earnings, eliminating any revenue diversion with the airlines since the funding is outside the signatory agreements. Total funding is $300,000. The airport has greatly increased its marketing reach through strategic partnerships with area convention and visitors' bureaus, IMG Academy, the Baltimore Orioles, the Pittsburgh Pirates, and various cultural organizations.
Mr. Piccolo reminded the board of the tremendous growth of the airport, comparing March 2018 when airport service consisted of six airlines and 12 non-stop destinations, versus August 2021 service offering ten airlines and 50 non-stop destinations.
Mr. Piccolo concluded the PowerPoint presentation and stated that the next step would be for the Board to approve at today's meeting, a Public Hearing for approval of the FY 2022 Budget at the September Regular Meeting. Staff will meet with the airlines on Thursday to review and discuss the Budget and keep the Board informed. He does not expect any issues and believes we will see more positive announcements going forward. Airport continues to be fiscally conservative.
Commissioner Spencer inquired about rental car inventory. Mr. Piccolo stated rental car companies are bringing in additional cars due to increased demand. Rental car revenue was approximately $900,000 for the month of August, with anticipated annual revenue of approximately $10,000,000 versus $3-4,000,000 in previous years. The airport is working to increase capacity for rental car companies.
Commissioner Beruff inquired about occupancy rates inside the planes. Mr. Piccolo responded the rate is approximately 70%, and Mr. Stucky stated it takes about five months for the Authority to receive this information from the airlines.
Commissioner Beruff also asked if the airport runway could accommodate any size aircraft, and Mr. Piccolo confirmed that, with a few limitations, any aircraft could land or take off.
Commissioner Beruff inquired about the possibility of extending the runway another 500 feet to accommodate larger aircraft. Mr. Piccolo stated the runway was extended to its limit in the 1990s. He added that technology is evolving to allow larger aircraft to take off and land on shorter runways. He also mentioned the rapidly developing electric-charge aircraft.