August 31, 2010

To the Honorable Members of the Davidson County Delegation of the 106th Tennessee General Assembly:

Last quarter was a memorable one because of the May flood. The MNAA’s airports were spared for the most part. BNA had minor leaks in the terminal roof, as well as damage to some of the gravel roadways. All damage has been repaired. JWN lost commercial power, so the terminal, airfield and hangars operated on generator power for several days.

Throughout the May storms, MNAA monitored the weather situation and flight activity, and maintained the safety and security of our facilities and roadways. Our employee team worked around the clock to keep our facilities open and operational.

We provided our passengers and visitors with the complete Nashville Airports Experience throughout the storm. We also assisted the community by lending storage space to the Second Harvest Food Bank after its facilities flooded. We helped staff the emergency response public information team for several weeks. In addition, two temporary transfer stations were established – one at BNA and one at JWN.

The flood had an extraordinary impact on Nashville’s citizens and its nonprofit and business communities. MNAA was proud to play a role in the united, inspiring way that Nashville responded.

Work continues on our first major renovation of the existing terminal, which opened in 1987. Phase II of the terminal renovation project, which began in June 2009, includes the renovation of all public restrooms, the renovation of the baggage claim and the replacement of carpet in public areas. Other construction projects include construction on the consolidated rental car agency complex, installation of a new in-line explosive detection system and reconstruction of runway 2L-20R. Altogether, there are more construction projects underway than at any other time in MNAA history.

Thank you for your continued interest in and support of MNAA. Please contact us should you have any questions or if you would like additional information related to MNAA’s performance and activities.

Raul L. Regalado, C.A.E.
President and CEO

James H. Cheek III
Chairman

April 2010 June 2010 Unaudited


Federal Grant Activity: $14,788,312 • State Grant Activity: $2,845,477


Total Aircraft Operations
Q4 FY10: 44,400
Q4 FY09: 44,058
Difference (#): 342
Percentage (%): 0.8%
Gross Certified Landed Weight (GCLW)
Q4 FY10: 1,512,791,000
Q4 FY09: 1,593,480,000
Difference (#): -80,689
Percentage (%): -5.1%
Enplanements (EPAX)
Q4 FY10: 1,193,104
Q4 FY09: 1,201,660
Difference (#): -8,556
Percentage (%): -0.7%
Vehicles Parked
Q4 FY10: 411,550
Q4 FY09: 390,839
Difference (#): 20,711
Percentage (%): 5.3%
Passenger Facility Charge (PFC) Revenue
Q4 FY10*: $4,749,160
Q4 FY09: $3,100,386
Difference ($): $1,648,774
Percentage (%): 53.2%
*attributable to a 12/09 rate increase to $4.50
BNA Operating Activity:
REVENUES  
Op rev FY10: $21,925,000
Op rev FY09: $24,240,000
Difference ($): -$2,315,000
Percentage (%): -9.5%
 
Quarterly revenues detail:
Passenger Airline $7,997,000
Parking $7,059,000
Concession $4,281,000
Rents & Permits $2,051,000
Cargo $537,000
$21,925,000
EXPENSES  
Op exp FY10: $15,525,000
Op exp FY09: $14,120,000
Difference ($): $1,405,000
Percentage (%): 10.0%
 
Quarterly expenses detail:
Personnel $6,341,000
Purchased Services $6,271,000
Materials & Supplies $766,000
Utilities $1,605,000
Other $543,000
$15,526,000
 
 
 
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