Orlando-Sanford International Financial Implementation
R.A. Wiedemann & Associates was selected as a part of an airport master planning team to conduct the financial implementation plan for Orlando-Sanford International Airport (SFB) – the main Allegiant Air hub in Florida.
With more than 3 million annual passengers in 2019, SFB has become a significant alternative to Orlando International Airport for tourists and theme park visitors.
SFB has just constructed a new international terminal and is expanding its domestic passenger terminal. With more than 300,000 aircraft operations, the airport serves both airline and general aviation traffic.
In addition to aviation activity, SFB has a significant business/industrial park (Commerce Park) and other developable land totaling more than 675 acres on airport property. Work scope tasks included the development of net revenue forecasts for the forecast horizon, along with revenue enhancement recommendations.
The Sanford Airport Authority has a complex set of agreements with an airport operations and management organization (Orlando Sanford International - OSI). R.A. Wiedemann & Associates developed forecasts of operating and non-operating revenues using airline landed weights, airfield, terminal leases, ground transportation/rental cars, Commerce Park, along with Passenger Facility Charges (PFCs).
Forecasts of operating and non-operating expenses have covered all the cost categories, including capital development.
Although COVID-19 reduced traffic in 2020, the financial management of the airport has been strong, leaving no indebtedness. R.A Wiedemann & Associates developed strategies for how best to pay for capital improvements recommended in the master plan, using a combination of airport-generated revenues and federal/state grants.