Denver International (DEN) set a revenue record in 2007.
Its operating revenues of $530.2M were a direct result of higher passenger traffic, a record at 49.8 million and an increase of 5.4% over the previous year.
More passengers meant more concession, parking and car-rental revenues; operating revenues were up 4.3% over the 2006.
“The airport has been fiscally prudent for a number of years, limiting spending and building up our financial reserves,” says Chief Financial Officer Stan Koniz. “That puts us in a healthy financial position that will help us weather the current uncertainties in the aviation industry, which include capacity reductions and airline bankruptcies.”
Operating expenses went up 10.8% in 2007 to $290.8M, which was attributed to higher costs for snow removal, personnel costs, janitorial services, and repair and maintenance services.
The airport finished the year with a net operating income of $80.1M, once depreciation and amortization were factored in.
Facility rentals brought in $205.6M in 2007, the largest single source of operating revenue for DEN. Parking brought in $116.3M; landing fees brought in $87.3M and car rentals brought in $45M.