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HomeMy WebLinkAboutI. A. Norfolk International Airport Update and Masterplan 11.12.2024State of the Airport City Council Briefing November 12, 2024 Mark Perryman, Executive Director & CEO November 2024 1 Who Are We? •The Norfolk Airport Authority is an independent political subdivision of the Commonwealth of Virginia •Governed by a nine-member board of commissioners appointed by Norfolk City Council •The Authority independently owns and operates Norfolk International Airport •We are a “city” within a city – we employ 225+ personnel functioning in the roles of administration, operations, parking, police, aircraft rescue and fire fighting, janitorial, building maintenance, and field maintenance November 2024 2 We Are a Business •Just like any business: •We earn revenue •We incur costs •Our operations are self-supporting •We receive no local taxes or subsidies •Our major revenue sources (FY 2024): •Parking (38%) •Rental Car (14%) •Airline Landing Fees (15%) •Rent/Leases (23%) •Concession Commissions (9%) •Other (1%) November 2024 3 Our Economic Impact November 2024 4 Commercial Aviation Market 5November 2024 6 Air Access To a traveler, a commercial service airport’s performance is judged by its: a.Connectivity to the national air transportation system b.Convenience of service c.Affordability of flights However, all of these are out of the direct control of the airport operator… November 2024 Our Market Strength Continues to Grow •2024 should be another record-breaking year! •January through September were each record months •July was busiest month in the airport’s history •Up nearly 10% YTD 2024 •On pace to reach 5 million passengers in 2024 7November 2024 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Passengers 2024 2023 2022 2021 2020 Passenger Traffic Recovery 3,864,5223,876,6661,744,7383,245,1954,109,5864,552,5823,678,9020 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 Historic Total Annual Passengers November 2024 8Fully Recovered from COVID-19YTD Through September(84%)(45%)(106%)(118%) November 2024 9 Nonstop Destinations Served Number of Nonstop Destinations November 2024 10 Airline Data Inc. as of 7/12/2024 24 24 23 21 21 18 19 22 24 30 30 35 39 40 45 0 5 10 15 20 25 30 35 40 45 50 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Origin Airport Code Total Nonstop Markets 2023 Passengers CVG 54 8,738,239 CHS 53 6,153,540 CMH 48 8,375,611 IND 48 9,788,867 OAK 48 11,239,075 SMF 48 12,977,001 SNA 47 11,741,325 CLE 46 9,868,868 PBI 46 7,764,458 JAX 45 7,446,084 ORF 45 4,552,582 SAT 45 10,676,570 ANC 44 5,587,528 BUR 41 6,034,729 SJC 41 12,097,160 BDL 40 6,248,165 MKE 33 6,015,731 MEM 32 4,963,502 OMA 32 5,026,639 OGG 30 7,736,001 ABQ 29 5,310,964 ONT 27 6,429,986 RNO 26 4,573,384 BOI 25 4,752,757 Our Air Service Needs – Domestic 2024 Top 50 Domestic Destinations Note: Highlighted markets are the top unserved non-stop destinations November 2024 11 Pax Rank Destination Airport City Airport Code PDEW Passengers Avg Fared Fare Fared Yield 1 Orlando, FL MCO 335.6 245,675 $ 104.37 $ 21.18 2 Atlanta, GA ATL 229.9 168,319 $ 244.66 $ 28.05 3 Tampa, FL TPA 180.4 132,071 $ 114.87 $ 16.90 4 Fort Lauderdale, FL FLL 177.8 130,179 $ 95.29 $ 17.76 5 Dallas/Ft. Worth, TX DFW 175.7 128,648 $ 256.78 $ 14.58 6 San Diego, CA SAN 163.5 119,649 $ 297.12 $ 9.90 7 Chicago, IL ORD 158.6 116,082 $ 197.79 $ 30.26 8 New York, NY LGA 157.7 115,420 $ 146.98 $ 30.14 9 Denver, CO DEN 146.6 107,286 $ 241.79 $ 13.17 10 New York, NY JFK 137.4 100,541 $ 134.18 $ 18.80 11 Las Vegas, NV LAS 131.0 95,926 $ 257.62 $ 11.19 12 Newark, NJ EWR 127.1 93,071 $ 142.99 $ 15.12 13 Los Angeles, CA LAX 123.5 90,402 $ 295.36 $ 11.76 14 Jacksonville, FL JAX 120.7 88,366 $ 139.03 $ 23.13 15 Houston, TX IAH 117.9 86,329 $ 222.84 $ 13.93 16 Boston, MA BOS 108.5 79,412 $ 190.27 $ 30.54 17 Nashville, TN BNA 107.0 78,302 $ 197.51 $ 28.98 18 Miami, FL MIA 92.9 68,010 $ 226.27 $ 15.73 19 New Orleans, LA MSY 92.3 67,539 $ 159.25 $ 15.87 20 Seattle, WA SEA 89.7 65,689 $ 346.40 $ 13.31 21 Chicago, IL MDW 83.3 61,009 $ 162.84 $ 8.34 22 Phoenix, AZ PHX 82.6 60,481 $ 320.41 $ 10.71 23 Providence, RI PVD 81.0 59,293 $ 113.91 $ 31.89 24 Detroit, MI DTW 77.8 56,956 $ 266.37 $ 33.54 25 San Antonio, TX SAT 69.9 51,151 $ 246.30 $ 12.28 Pax Rank Destination Airport City Airport Code PDEW Passengers Avg Fared Fare Fared Yield 26 Charlotte, NC CLT 65.3 47,818 $ 229.92 $ 34.67 27 St. Louis, MO STL 54.8 40,090 $ 217.52 $ 20.97 28 Hartford, CT BDL 54.7 40,011 $ 107.74 $ 34.20 29 Austin, TX AUS 54.5 39,905 $ 270.42 $ 13.88 30 Minneapolis/St. Paul, MN MSP 52.0 38,072 $ 277.79 $ 20.84 31 San Francisco, CA SFO 51.6 37,756 $ 372.00 $ 10.77 32 Ba ltimore , MD BWI 49.3 36,066 $ 164.48 $ 8.28 33 San Juan, PR SJU 47.1 34,451 $ 236.81 $ 9.37 34 Honolulu, HI HNL 46.1 33,772 $ 607.64 $ 7.79 35 Kansas City, MO MCI 45.9 33,603 $ 258.29 $ 19.20 36 Salt Lake City, UT SLC 45.7 33,452 $ 361.53 $ 10.64 37 Indianapolis, IN IND 43.0 31,495 $ 207.62 $ 26.16 38 Philadelphia, PA PHL 42.9 31,396 $ 250.17 $ 38.86 39 Charleston, SC CHS 40.6 29,746 $ 138.98 $ 25.73 40 Pensacola, FL PNS 40.0 29,284 $ 228.70 $ 16.26 41 Pittsburgh, PA PIT 38.4 28,081 $ 149.63 $ 40.78 42 Cincinnati, OH CVG 37.8 27,689 $ 170.22 $ 28.08 43 Fort Myers, FL RSW 36.3 26,573 $ 169.95 $ 13.07 44 Columbus, OH CMH 36.3 26,558 $ 147.22 $ 30.37 45 Houston, TX HOU 35.3 25,857 $ 196.35 $ 5.52 46 Sanford, FL SFB 34.8 25,487 $ 35.71 $ 0.45 47 Me mphis , TN MEM 34.3 25,110 $ 229.89 $ 18.68 48 Portland, OR PDX 33.2 24,304 $ 353.64 $ 9.15 49 Sacramento, CA SMF 32.6 23,887 $ 345.70 $ 8.43 50 West Palm Beach, FL PBI 32.6 23,833 $ 244.56 $ 11.18 Our Air Service Needs – International 2024 Top 25 International Destinations November 2024 12 Pax Rank Destination Airport City Airport Code PDEW Passengers Avg Fared Fare Fared Yield 1 Cancun, Mexico CUN 31.5 23,093 $ 288.07 $ 8.36 2 Montego Bay, Jamaica MBJ 27.2 19,889 $ 336.31 $ 7.81 3 London, UK LHR 22.2 16,237 $ 668.79 $ 16.81 4 Punta Cana, DR PUJ 19.9 14,569 $ 365.53 $ 7.28 5 Manila, Philippines MNL 15.5 11,379 $ 1,014.34 $ 12.71 6 Toronto, ON YYZ 12.0 8,810 $ 268.02 $ 39.15 7 Paris, France CDG 10.9 7,951 $ 767.09 $ 12.56 8 Frankfurt, Germany FRA 10.3 7,574 $ 648.15 $ 9.92 9 Tokyo, Japan HND 10.1 7,415 $ 1,006.16 $ 12.88 10 Rome, Italy FCO 10.1 7,412 $ 805.97 $ 11.75 11 Nassau, Bahamas NAS 9.1 6,629 $ 323.31 $ 8.54 12 Arub a , Arub a AUA 8.4 6,151 $ 366.25 $ 5.66 13 San Jose, Costa Rica SJO 7.8 5,702 $ 379.30 $ 6.45 14 Liberia, Costa Rica LIR 7.0 5,121 $ 420.95 $ 6.35 15 San Jose Del Cabo, Mexico SJD 6.9 5,056 $ 382.25 $ 5.56 16 Amsterdam, Netherlands AMS 6.8 5,014 $ 766.86 $ 13.41 17 Athens, Greece ATH 6.8 4,988 $ 895.65 $ 12.29 18 Montreal, QC YUL 6.5 4,790 $ 283.45 $ 38.54 19 Manama, Bahrain BAH 6.0 4,423 $ 1,069.66 $ 9.50 20 Mexico City, Mexico MEX 6.0 4,404 $ 367.18 $ 7.74 21 Munich/Augsburg, Germany MUC 6.0 4,391 $ 837.18 $ 9.96 22 Vancouver, BC YVR 5.5 4,036 $ 477.02 $ 13.39 23 Seoul, Republic of Korea ICN 5.3 3,905 $ 1,082.28 $ 7.71 24 Madrid, Spain MAD 5.1 3,756 $ 739.03 $ 10.13 25 Turks and Caicos PLS 5.1 3,750 $ 416.42 $ 6.62 Top Unserved U.S. Transatlantic Markets •Kansas City – 216,964 passengers (296.4 PDEW) •Indianapolis – 211,752 (289.3) •Fort Lauderdale, Fla. – 190,671 (260.5) •Jacksonville, Fla. – 180,559 (246.7) •Columbus, Ohio – 174,647 (238.6) •Norfolk – 121,677 (166.2) •Charleston, S.C. – 119,278 (162.9) •Sacramento – 114,225 (156) •Louisville – 92,571 (126.5) •Richmond – 90,571 (123.7) Source: U.S. DOT T-100 data for 12 months ended June 30, 2024 Risk Mitigation / Incentives •FAA regulations restrict U.S. airports’ ability to directly subsidize expanding or new airline entrants. Airport incentives can include: •Marketing dollars •Fee waivers for limited time periods •Despite the FAA limits, airlines often expect cash commitments to secure new long-haul international service prior to committing to a U.S. route •Condor – $1.3 million/2 years for San Antonio •British Airways – $3.5 million/2 years for Pittsburgh •Lufthansa – $5 million/2 years for St. Louis •Aer Lingus – $12 million/3 years for Cleveland November 2024 13 Hampton Roads Coalition November 2024 14 •Collective efforts are essential. •Local governments and CVBs •Businesses and development agencies •General Assembly •Norfolk Airport Authority •Regional leadership and support, including a mechanism to collect and disperse financial incentives airports cannot provide alone. •We’re in the game. Together let’s get a win. Passenger Profile 15November 2024 16November 2024 Source: Bonney & Company Purpose of Travel by Year 48%49%48%48%48%49% 52%52%51%52% 44%45%46%47%48%48%46%46%47%46% 8%6%6%5%4%3%2%2%2%2% 0% 10% 20% 30% 40% 50% 60% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Pleasure Business Both/Other Where Visiting Passengers Stayed 17 Source: Bonney & Company 46%47% 42% 36%36%35% 50%51%49%51%49%48% 8% 12%14%16% 4%2%1%1%1%1% 0% 10% 20% 30% 40% 50% 60% 2018 2019 2020 2021 2022 2023 Hotel Friends/Family Airbnb/VRBO Other November 2024 Where Visiting Pleasure Passengers Stayed 18 Source: Bonney & Company 77% 13% 31% 31% 1% 1% 10% 3% 3% 3% 1% 13% 11% 0%10%20%30%40%50%60%70%80%90% Southside (Net) Norfolk Virginia Beach Chesapeake Portsmouth Suffolk Peninsula (Net) Hampton Newport News Williamsburg Other Other (Net) North Carolina November 2024 Where Visiting Business Passengers Stayed 19 Source: Bonney & Company 85% 31% 32% 19% 1% 2% 12% 7% 3% 1% 1% 3% 2% 0%10%20%30%40%50%60%70%80%90% Southside (Net) Norfolk Virginia Beach Chesapeake Portsmouth Suffolk Peninsula (Net) Hampton Newport News Williamsburg Other Other (Net) North Carolina November 2024 Cities Visited by Out-of-Town Passengers 20 Source: Bonney & Company 33% 59% 15% 2% 2% 4% 4% 4% 5% 6% 11% 0%10%20%30%40%50%60%70% Norfolk Virginia Beach Chesapeake Portsmouth Suffolk Hampton Newport News Williamsburg Other Peninsula North Carolina Other November 2024 Home Zip Code of ORF Travelers 21 Source: Bonney & Company 60% 9% 22% 21% 2% 2% 2% 1% 1% 40% 36% 4% 0%10%20%30%40%50%60%70% Virginia Norfolk Virginia Beach Chesapeake Portsmouth Suffolk Hampton Newport News Other Out-of-State Other Domestic International November 2024 Incidence of Military-Related Travelers 22 Source: Bonney & Company 26% 9% 11% 3% 3% 74% 0%10%20%30%40%50%60%70%80% Military-related Active Duty Govt-related Civilian Personnel Military Dependent No Military Connection November 2024 ACI Airport Service Quality Survey November 2024 23 Skytrax – World Airport Audit November 2024 24 A View to the Future of ORF November 2024 25 Capital Development Summary FY START PROJECT DESCRIPTION PROPOSED BUDGET AIP ENTITLEMENTS AIP DISCRETIONARY AIG ENTITLEMENTS ATP DISCRETIONARY CDS STATE ENTITLEMENTS STATE DISCRETIONARY LOCAL FUNDING (DEBT SERVICE) LOCAL FUNDING (PAY-GO) PFC FUNDING FUTURE (ASSUMED PFC GARBS) CFC FUNDED BY OTHERS FY 24 Alpha Concourse Gate Addition 30,000,000 --8,000,000 -----22,000,000 -- FY 24 Gate 1 Federal Inspection Services Facility Modernization 30,000,000 --7,000,000 6,000,000 3,000,000 --9,000,000 -5,000,000 -- FY 24 Departures Terminal Program (Consolidated Checkpoint Included) 450,000,000 ------230,000,000 109,000,000 111,000,000 -- FY 24 Airport Hotel 50,000,000 ----------50,000,000 FY 24 Closure of Runway 14/32 12,000,000 5,000,000 ---4,000,000 2,000,000 1,000,000 ---- FY 25 CONRAC Facility 200,000,000 ---------200,000,000 - FY 25 Admin. Offices Consolidation 18,000,000 ------18,000,000 ---- FY 26 Intersection Improvements & LTW Exit 25,000,000 ------12,500,000 --12,500,000 - FY26 Fuel Farm 60,000,000 -----------60,000,000 FY 28 Runway 5/23 Reconstruction (Grading, Drainage and 23 End Profile Improvements) 45,000,000 10,000,000 10,000,000 --4,000,000 3,000,000 --18,000,000 -- GRAND TOTAL CIP:920,000,000 15,000,000 10,000,000 15,000,000 6,000,000 3,000,000 8,000,000 5,000,000 270,500,000 109,000,000 156,000,000 212,500,000 110,000,000 November 2024 26 $49M $13M $110M$748M Runway 5/23 Rehabilitation •Runway 5/23 Rehabilitation of Concrete Extensions •Completed in two phases •Estimated cost of construction is $40 million for both phases of construction •Phase 1 (R/W 23 end) completed Nov 2, 2023 •Phase 2 (R/W 5 end) completed October 31, 2024 •Runway 5/23 now back to 9,000’ and fully capable to accommodate all operations November 2024 27 Phase 1 Phase 2 Moving Walkways •Realigned placement into a split system on the sides of the pedestrian bridge •Anticipated construction is Aug ‘24 – Feb ’25 •BIL ATP funds will pay for 80% of the construction costs •Cost: $2.5M November 2024 28 Interior Wayfinding •Design Complete May ‘24 •Bidding – Summer ‘24 •Estimated Cost: $3.0M November 2024 29 New Park and Wait Lot November 2024 30 •80-space Park & Wait lot •Cost: $1.2M •Construction started Feb ’24 •Completion Dec ‘24 Alpha Expansion 31 •3 Holdrooms / Gates / New Restrooms / Pet Relief Area •Estimated cost: $25M •Groundbreaking June 10, 2024 •Completion December ‘25 November 2024 CBP International Arrivals Facility 32 •Estimated cost: $25M •$3.0M Congressionally Directed Spending (CDS) •$6.0M BIL ATP grant received •Groundbreaking June 10, 2024 •Completion December ‘25 November 2024 Airport Hotel •Courtyard by Marriott •165 rooms •Rooftop Bar •Cover connection to terminal •Fully financed, designed, and constructed by third-party developer •Groundbreaking Winter ‘24 •Completion Spring ‘26 November 2024 33 Main Entrance Intersection Improvements November 2024 34 •Realign and improve the intersection at the main entrance to the airport •Creates a new four-way lighted intersection •Realigns access from Robinhood Road •Enables the new Consolidated Rental Car facility •Award $14.7M in BIL ATP funds •Construction to start Summer ’25 Consolidated Rental Car Facility November 2024 35 •Consolidates all rental car operations into a single facility •Includes a QTA reducing the need to take cars off airport for servicing November 2024 36 •Project Scope: 1.Linear Ticket Lobby 2.Consolidated Checked Bag Inspection 3.Expanded Baggage Make-up Area 4.New Shipping and Receiving Area 5.Consolidated TSA Checkpoint •CMaR under contract Summer ‘25 •Construction start Summer of ‘26 •Construction complete end of ‘28 Terminal Development 1 23 4 5 November 2024 37 New Departures TerminalNew Airport HotelNew Ticketing & Check-in HallNew International Processing FacilityNew Consolidated Rental Car FacilityPedestrian Bridge between Rental Car Facility and Arrivals Transform ORF Website •Website provides updates on the terminal and ongoing projects •Video found at www.TransformORF.com November 2024 39 November 2024 40