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CAE: Sharing The Pride and Performance Of Our Hometown Airport February 24, 2014

CAE: Sharing The Pride and Performance Of Our Hometown Airport February 24, 2014. Industry Changes: Merger Mania. DELTA/NORTHWEST – WHAT DID WE LEARN? 1+1=>2 in some markets; 1+1=<2 in others Network strength = Interior markets United/Continental Opportunities beyond the major O&D’s?

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CAE: Sharing The Pride and Performance Of Our Hometown Airport February 24, 2014

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  1. CAE: Sharing The Pride and Performance Of Our Hometown Airport February 24, 2014

  2. Industry Changes: Merger Mania • DELTA/NORTHWEST – WHAT DID WE LEARN? • 1+1=>2 in some markets; 1+1=<2 in others • Network strength = Interior markets • United/Continental • Opportunities beyond the major O&D’s? • Network strength = Major Metros • SOUTHWEST/AIRTRAN • What happens to small markets? • Secondary airports? • Where will growth be focused? • Can low costs be maintained • What ABOUT AA/US AIRWAYS?

  3. Industry Changes: Fleet Complexion • A dramatic shift in aircraft size is underway in domestic markets. • Driven by the increasing oil prices. • Narrow body aircraft in the 100-200 seat range is now the “sweet spot”. • Regional Jet economics are very difficult. • Fleet is aging. • No replacement anticipated. • Small turboprops are also disappearing. • No replacement anticipated. • Small markets will be under Increasing pressure. Between 2010 and 2020 over 700 RJs – mostly 50-seats and below are forecast to come out of North America fleets.

  4. Cut Costs & Revenue • Reduced CPE to under $10 • Reduced operating costs • Completed refinancing of Series 2001A Bonds; Producing a savings of $3.5 Million. • Reduced overall debt by $18 million • Revenue Diversification • Completedpurchase of buildings in Foreign Trade Zone; Income of $600,000 per year. • Moody’s has reaffirmed Baa1 rating with the Outlook:Stable Reduced Debt $18M Reduced CPE < $10

  5. Impact: Delta • Non-stop Destinations • DET • LGA • ATL • Capacity Increases • Increased capacity and changed fare structure. Summer 2014 schedule indicates a 7% increase in capacity • B717 – First Class Cabin Service

  6. Impact: US Air/American Airlines • Non-stop Destinations • DAL • CLT • PHL • DCA • CHALLENGES: • Washington Reagan National (DCA) • Service Disruptions • OPPORTUNITIES: • Capacity Increases in Existing Markets • New Hub Flying • Fleet Upgrades

  7. Impact: United Airlines • Non-stop Destinations • ORD • IAH • IAD

  8. Impact: LUV • 1% leakage to GSP and CHS did not happen. • GSP losing routes to MCO, BNA

  9. Getting Results Self Sufficient: CAE does not receive state or local tax dollars. Enplanements: Increased in 2012 and in 2013. Top Ranking: Ranked in the Top 30% for enplanements. Ranked in the Top 25% for connectivity. Cargo: Handles over 100 million lbs. of air cargo, more than all other SC airports combined. Awards/Recognitions: Recognized by the Air Line Pilots Association (ALPA) for Excellence in Safety. Recipient of the SC Chamber of Commerce’s Excellence in Diversity Award for our DBE initiatives.

  10. What’s Else is New at CAE?

  11. Airport Projects

  12. CAE Economic Impact

  13. Airport Connector Phase II

  14. QUESTIONS? Thank you. Dan Mann, AAE Executive Director Columbia Metropolitan Airport 125A Summer Lake Drive West Columbia, SC 29170 d.mann@columbiaairport.com 803.822.7878 Office 803.206.9564 Mobile

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