Mckinney Airport reports increasing profits

Mckinney Airport reports increasing profits

The McKinney National Airport and its fixed based operator (FBO) McKinney Air Center have reported increasing profits this year due to increased operations, fuel sales and hangar rentals.

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Highlights:

  • Year-to-date, total airport revenues rose nearly 15 percent compared to last year, marking a nearly $524,000 increase through May. The FBO, which provides fuel and other services to aircraft, has seen an increase in revenues of almost $264,000, nearly 12 percent above 2015.
  • In May, both the airport and FBO experienced their most profitable month since the city took ownership in 2013. Total May revenues are up nearly 17 percent compared to the same month last year, and fuel revenues increased $65,000 compared to the same month last year, marking a 22 percent increase.
  • Airport operations soared with nearly 11,000 take-offs and landings this May, compared to approximately 7,500 last May.
  • Additionally, the number of gallons of fuel sold by the FBO increased 47 percent from the same month last year, selling 125,000 gallons this May compared to 85,000 gallons in 2015.
  • Through May, the airport fund reports a net profit of approximately $60,000.

Ken Wiegand is the Executive Director of McKinney National Airport.

Recognition:

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