Orlando Intl Airport adjusts financial outlook as passenger traffic ‘surges’

By Charlotte Turner |

3Sixty gained new ground at Orlando's South Terminal back in 2018.

3Sixty gained new ground at Orlando’s South Terminal (in construction) back in 2018.

With passenger traffic ‘surging’ at Orlando International Airport, the Greater Orlando Aviation Authority (GOAA) Board’s financial outlook is being adjusted to reflect changes in revenues.

 

As a result the terminal premises rate is increasing from $140.59 to $167.50 per square foot*.

 

Adjustments were also made to the CIP for Orlando Executive Airport. The GOAA has proposed $2m for improvements to the Colonial Promenade mall deemed necessary following the loss of tenants, which has resulted in loss of revenue to ORL.

 

“Improvements are critical to attract new tenants,” said the airport authority. “Renovations are projected to improve potential for non-aeronautical revenue increase.”

 

OVERALL REDUCTION OF $180M

At a meeting last week, the Board reviewed and approved the preliminary 2021-2022 Fiscal Year Budget for Orlando International Airport (MCO) and Orlando Executive Airport (ORL).

 

 

The Aviation Authority’s Capital Improvement Program (CIP), which is a multi-year plan (2021-2027) for major enhancement and development projects, was also updated for the Board.

 

According to the GOAA, the combination of increases and decreases to specific projects will net an overall reduction of $178.9 million.

 

Concessions at South Terminal C (STC) continue to be finalised.

Concessions at South Terminal C (STC) continue to be finalised.

SOUTH TERMINAL C

Concessions at South Terminal C (STC) continue to be finalised. The Authority Board accepted the recommendation of the Concessions/Procurement Committee and approved the awarding of a passenger lounge concession to Trip Hospitality Orlando LLC.

 

As previously reported, DFASS Group (now known as 3Sixty Duty Free) secured a 10-year contract extension for its duty free/duty paid concession at the airport back in 2018, including a new 4,600sq ft (427sq m) duty free/duty paid store in the South Terminal central rotunda area, which was originally expected to open in 2020. At the same time, 3Sixty retained its Airside 4 location in the North Terminal over 9,600sq ft of duty free space.

DFASS, now 3Sixty Duty Free extended its contract by 10 years at Orlando Airport in 2018.

DFASS, now 3Sixty Duty Free extended its contract by 10 years at Orlando Airport in 2018.

During the meeting last week, Orlando International Airport also confirmed the return of a Covid-19 vaccination clinic to the Main Terminal, in partnership with Walmart. The previous, state-run clinic closed in late July.

 

This facility officially opened on 19 August and will be operated through a federal vaccination program and will only offer the Pfizer vaccine

 

*Following Board approval, the preliminary budget will be sent to the Orlando City Council for discussion at a public hearing next month before returning to the GOAA Board for final approval.

 

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