Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.Orlando Authority approves $446m MCO budget
By Charlotte Turner |
The Board of the Greater Orlando Aviation Authority approved a budget of nearly $446 million for the operation of Orlando International Airport (MCO) and a $3 million budget for the Orlando Executive Airport. The newly approved budget for MCO represents a 2.3% increase over 2012.
“Firstly, this budget incorporates our strategic goals of improving customer service, fostering economic development and operating world-class facilities in a fiscally responsible manner,” says Phil Brown, Executive Director of the Greater Orlando Aviation Authority.
“Secondly, it targets a very competitive airline cost per passenger fee of $5.35 and thirdly, it continues our fiscal strategy of generating 70% of our revenues from non-airline sources.”
Comprising that 70% of the budget, MCO secures revenue from concessions, rental cars, hotel, parking services and ground transportation.
The new budget takes effect on October 1, 2012 and ends September 30, 2013.
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