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| Aug. 03 / 04 |
Airport announces first-half performance |
Gary Vey, President and CEO of the Gander International Airport Authority, today announced details of the airport's first-half performance for 2004, up to and including June 30.
"We have shaken off a slow start to the year and are charging ahead to meet our budgeted expectations," Mr. Vey said. "January and February were particularly poor given high overhead costs driven by snowclearing and the typical seasonal slowdown in aviation activity. However, our performance to date this year is competitive with 2003, and last year was a strong year as military tensions brought an extraordinary amount of international business to YQX."
Among the first-half highlights in terms of traffic activity:
- Total aircraft movements were up 12% over 2003, with 2,274 movements in the first six months.
- Corporate jet travel movements increased by 37% over 2003.
- Military traffic increased 36% over budgeted traffic.
- Cargo movements are down slightly over 2003, largely due to a significant spike in movement last year attributed to charter freighters moving supplies for the Gulf War. However, cargo movements are up 72% over budgeted levels.
- Total international movements are down slightly over 2003 levels, again attributed to commercial carriers chartering military personnel last year, but up 37% over budgeted totals.
- Enplaned and deplaned revenue passengers gew 15% over the same time last year.
In the first half of 2004, YQX welcomed a number of new cargo, military and sun charter patrons.
"Our marketing efforts are steadily maturing," Mr. Vey said. "Seeds we have planted internationally over the last five years are beginning to bear fruit."
July proved a strong month for International, Cargo and Corporate traffic, with record cargo movements forecasted for August.
The Gander International Airport Authority is the not-for-profit organization created in 1996 to manage operations at Gander International Airport (CYQX). The airport plays a key role in the economic and community development of the Town of Gander and the Central Newfoundland region.
For further information, please contact:
Gary Vey, President and CEO
(709) 256-6668
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