Throughout the remainder of this decade, airport operators will continue to face financial and operating pressures from the effects of the terrorist attacks on September 11, 2001. They will need to revitalize aging infrastructure, react to an ever-changing airline industry and aircraft fleet mix, plan for the future, and implement unfunded mandates, all while maintaining reasonable user fees for airport tenants.
Transportation Security Administration requirements have forced airport operators to rethink their capital development programs and funding sources. Federal Letters of Intent to provide grant funding of specific projects are not as easily available as in the past, and many airport operators have already leveraged their ability to use passenger facility charge (PFC) revenues to fund significant development programs in the near term.
While the financial health and mix of airlines have shifted dramatically since 2001, passenger traffic has shown signs of recovery, which makes airport management decision-making all the more difficult when addressing current issues and positioning for the future.
Ricondo & Associates has been successful in assisting airport operators in analyzing their needs and developing viable capital development programs so that they can work with their stakeholders to achieve their financial and business goals and objectives.
R&A provides comprehensive financial planning services, including on-call general advisory services, airline negotiations assistance, airline rates and charges analyses, bond feasibility studies, debt capacity analyses, financial management plans, PFC planning and implementation, and airline competition plans.