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Security Line < 10 minutes
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Long Term Parking 48% Full
Extended Parking 64% Full

ACAA Reduces Costs and Passes the Savings on to the Airlines in the Form of Lower Rates and Charges

ALLEGHENY COUNTY AIRPORT AUTHORITY REDUCES COSTS AND PASSES THE SAVINGS ON TO THE AIRLINES IN THE FORM OF LOWER RATES AND CHARGES

PITTSBURGH, PA (February 8, 2008) – The Allegheny County Airport Authority is restructuring a portion of the airport debt for 2008 and has realized lower 2008 insurance costs for a total savings of $11 million this year. The savings will be passed on to the airlines in the form of lower rates and charges effective March 1, 2008.

“The measures demonstrate the Airport Authority’s strong interest in keeping Pittsburgh International Airport competitive and marketable for airlines. We are very interested in seeing our current airlines grow and eager to attract new carriers and routes. Reducing our fees directly impacts the airlines’ cost and could positively influence decisions to add more flights here,” said Glenn R. Mahone, Chairman, Allegheny County Airport Authority.

“Pittsburgh International Airport needs to stay on top of the game in order to help this region continue to move forward. To keep businesses here growing and to attract new industry we need more flights to more destinations. That is not going to happen by itself. It takes proactive and enterprising efforts to meet the changing needs of airlines. The Airport Authority is commended for driving down the cost of operations for airlines at Pittsburgh International Airport,” stated Dan Onorato, Allegheny County Chief Executive.

The Airport Authority is refinancing $10 million of airport debt at a variable rate to lower the debt service for 2008 from $62 million to $52 million. The measure does not change the terms of the debt nor does it add to the debt. Even early in the fiscal year, the Authority has recognized operating expense savings of $1 million in insurance costs – additional savings passed to the airlines.

“Because of US Airways’ pull down of flights, we reluctantly had to increase our rates at the beginning of the year. We are able to reduce them now based on smart business decisions and cost saving measures,” explained Bradley D. Penrod, Executive Director/CEO, Allegheny County Airport Authority.

  2008 Original Budget 2008 Revised Budget – Rates effective March 1, 2008 % of
Savings
Landing Fee Rate $3.1826
per 1,000 lbs
$2.4988
per 1,000 lbs
21 %
 
Terminal Fee Rate $129.17
per square foot
$110.01
per square foot
15 %
 
Cargo Landing Fee Rate $3.1422
per 1,000 lbs
$2.7876
per 1,000 lbs
11 %
 
Ramp Fee Rate $378.92
linear foot
$197.47
per linear foot
48 %
Feb 07, 2008

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