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Home My WebLink About04/16/2025 - Meeting Agenda Advisory Board Meeting April 16, 2025 Agenda Advisory Board Meeting April 16, 2025 Pursuant to City Code 2.14.060(A) and Utah Code section 52-4-207(2), the Airport Advisory Board adopted a rule permitting electronic meetings for this Board, regardless of whether a quorum is present at an anchor location, so long as such meetings comply with the Open and Public Meetings Act. To access the meeting please visit: https://saltlakecity.webex.com/saltlakecity/j.php?MTID=m9de570b60e5ee224f2958d1c74cf63c6 ADVISORY BOARD MEETING AGENDA April 16, 2025 9:00 A.M. CONSENT A. Minutes of the March 19, 2025, Meeting DISCUSSION A. Director’s Report –Bill Wyatt, Executive Director, SLCDA B. Airport Redevelopment Program (ARP) Update – Mike Williams, ARP Director, SLCDA C. SL Runway Extension and AAM Planning- Brady Fredrickson, Director of Airport Planning & Capital Programming, SLCDA MEDIA CLIPPINGS Media Clippings –April 2025 INFORMATION ITEMS Air Traffic Statistics – February 2025 Construction Report – April 2025 Financials- February 2025 The next meeting will be held on Wednesday, May 21 2025, at 9:00 a.m. Meetings are usually held in the Board Room, located on the third level of the airport terminal and via Web-ex unless otherwise posted. People with disabilities may make requests for reasonable accommodation no later than 48 hours in advance in order to attend this Airport Advisory Board Meeting. Accommodations may include alternate formats, interpreters, and other auxiliary aids. This is an accessible facility. For questions or additional information, please contact Brett Christensen at 801-575-2042. Advisory Board Meeting April 16, 2025 Minutes SALT LAKE CITY DEPARTMENT OF AIRPORTS MINUTES OF ADVISORY BOARD MEETING March 19, 2025 Members’ Present: Steve Price Hoang Nguyen Roger Boyer Tye Hoffman Arlyn Bradshaw* Victoria Petro* City Council Nick Tarbet Mayor’s Office Lindsey Nikola* Department of Airports: Bill Wyatt, Executive Director Brett Christensen, Executive Assistant Treber Anderson, Director of Operations Shane Andreasen, Director of Admin/Comm Services* Eddie Clayson, Director of Maintenance Nancy Volmer, Director of Communication and Marketing Brady Fredrickson, Director of Pete Higgins, Chief Operations Officer Brian Butler, Chief Financial Officer Mike Williams, ARP Program Director Melyssa Trnavskis, Director of Design and Construction Mgmt. Dean Warner, Acting Director of IT Lorin Rollins, Airport Finance Manager Lori Crisp, Airport Finance Manager Shaun Anderson, Airport Controller Phil Eslinger, SLCPD Joel Nelson Jasen Asay Other: Bob Bergman Andy C David C Heather Bening Jeanette L Steve Price called the meeting, held in-person at the SLCDA Admin Offices Board Room and via Webex, to order at 9:03 a.m. (* indicates the party attended virtually) Airport Advisory Board Meeting Minutes 19 March 2025 2 AGENDA A. Minutes A motion was made by Steve Price and seconded by Roger Boyer to approve the minutes of February 19, 2025, as presented. All votes were affirmative; motion passed. B. Director’s Report Bill Wyatt, Executive Director, updated the Airport Advisory Board regarding current events. • We continue to optimize the bag handling system, making substantial improvements • On March 5th the Airport opened the first of three sensory rooms. • All time high enplanement records for the month of February • American Express lounge is in full possession • Spirit Airlines is still in the process of working their way out of bankruptcy Hoang Nguyen inquired about the performance of airport concessions and whether passengers are spending money while at the airport. Bill Wyatt responded that the concessions are performing fairly well and noted that performance is expected to improve once all gates are fully operational. He added that the airport is working with concessionaires on lease extensions and other initiatives. Additionally, he stated that the airport is outperforming other airports, supported by strong enplanement numbers. C. Airport Redevelopment Program (ARP) Update – Mike Williams, ARP Director, SLCDA Mike Williams, Airport Redevelopment Program (ARP) Director, presented an update on the • Safety, Statistics and Schedule o 630 Trade Workers on Site 03/11/2025 o Completion of Northside Paving and Installation of Passenger Boarding Bridges o Completion of Building Permanent Power • Near Term Schedule Milestones o Terminal Pylon Signage Complete o Baggage Expansion Project – Start TSA Relocation to Trailers • Airport Redevelopment Program Overall Budget • Apron and Airfield o Utility Work to Support Spring Paving Underway o Started P-306 Paving o Prep Underway for P-501 Paving • Concourse ‘B’ East – Page 3 / Ancillary Projects o Converting Gate B21 Hardstand Holdroom to Mainline Gate Holdroom o Terminal Level 3 Ticket Counter Expansion • Concourse ‘B’ East – 16 Gates (Phase 4) o Interior Metal Stud Framing and Drywall Progressing Airport Advisory Board Meeting Minutes 19 March 2025 3 o Set Main Electrical Switchgear o Restroom Waterproofing and Prep for Terrazzo Underway • Baggage Handling System Expansion – Future Capacity o North Bump-out Area Steel Erection is Complete with Baggage Installation Scheduled to Start 3/31 o Project Completion: 4Q26 D. Proposed FY26 Budget – Lorin Rollins, Airport Finance Manager Lorin Rollins, Airport Finance Manger presented an update on the FY26 Budget. Main points included were, • FY 2026 Budget Goals & Objectives – Budget Drivers o Forecast revenues and expenses on information known today with reasonable assumptions for the future o Fund major capital improvement projects with funding available through various grant programs o Secure the last long term debt new money financing to finish the financing of the New SLC o Budget your needs, not your wants • Enplaned Passenger Traffic o Enplanements are a key driver of rates and charges o FY26 we are predicting a 1.4% growth • Airport Improvement Program, Bipartisan Infrastructure Law, Airport Terminal Program Grants, Zero Emission Vehicles • Income Statement Forecast o Operating Revenue  Anticipation FY25 to come in at 488 million. o Operating Expenses 10.8% Increase • Airline Use Agreement Rates and Charges o 48% cut in June’s landing fees • Comparison of Airline Revenues o Total Airline Revenue  FY25 Budget $296,748,000. FY25 Forecast $296,870,900. FY26 Budget $345,350,100 o Enplaned Passengers  FY25 Budget 14,516,979. FY25 Forecast 14,098,000. FY26 Budget 14,146,167* airline projections • Comparison of Concession Revenues o Total Concession Revenues  FY25 Budget $149,145,100. FY25 Forecast $154,978,200. FY26 Budget $166,754,100 • Comparison of Operating Expenses o Total Operating Expenses  FY25 Budget $218,806,300. FY25 Forecast $209,206,500. FY26 Budget $242,379,400 Airport Advisory Board Meeting Minutes 19 March 2025 4 • Labor and Operating Expense Highlights o 10 New Airport Employees $1.2 Million o Janitorial $1.4 Million o IT Hardware and Fiber $762k • FY 2026 FTE’s o Airport Safety Coordinator o System Engineer II o Airport Environmental Compliance Coordinator • Cost Per Enplaned Passenger Actual vs Forecast o 2021-2024 remained flat due to relief funds. Funds are now exhausted and costs are rising. • Capital Equipment Budget Request o FY 2026 Major Capital Equipment Highlights  Electric Shuttle Bus, Equipment Upgrade, Snowblower, Sewer Truck • Capital Improvement Program o Project Funds o FY 2026 Budgeted CIP Projects • New Capital Improvement Projects for FY 2026 o Terminal Projects.  Gateway Skybridge Door Replacement o Airfield Projects  Taxiway A & B Modifications (Design Only). Truck Water Fill Station o Auxiliary Airports/General Aviation  SVRA Dual Taxilanes  2300 West Realignment • New Capital Improvement Projects for FY 2026 o Landside Projects  Terminal Drive Resurfacing  SkyChef Building Demolition o Other Projects  Car Rental Overflow Storage Lot Improvements  New Sewer Main Replacement Roger Boyer requested clarification regarding non-operating income. Lorin Rollin explained that the debt service is coming online, referring to payments toward principal and interest. Roger Boyer inquired about the airport’s cash position. Brian Butler explained that the current balance is under $4 billion. He noted that the airport collects a Passenger Facility Charge (PFC) to help offset debt service costs. The airport maintains a target of at least one year’s worth of cash on hand, with a goal of reaching approximately 500 days. Steve Price adjourned the meeting at 09:58 a.m. ___________________________ ________________________ John Bradshaw, Chair Date Advisory Board Meeting April 16 2025 Discussion Items AGENDA: DISCUSSION ITEM (A) DATE: 16 April 2025 TO: Airport Advisory Board FROM: Bill Wyatt, Executive Director SUBJECT: Director’s Report Bill Wyatt, Executive Director, will present a monthly informational report to the Board, which may include: 1. ARP progress 2. Ground transportation update 3. Concessions and rental cars 4. Airport safety and security 5. Airport facilities and operations 6. General aviation 7. Passenger and airport users 8. Environmental matters 9. Financial condition 10. Legislative issues 11. Airlines 12. Communications and marketing AGENDA: DISCUSSION ITEM (B) DATE: 16 April 2025 TO: Airport Advisory Board FROM: Bill Wyatt, Executive Director SUBJECT: Airport Redevelopment Program Update Mike Williams, Airport Redevelopment Program (ARP) Director, will present an update on the SLC Airport Redevelopment Program (presentation on file). Status Update 04/16/2025 AIRPORT REDEVELOPMENT PROGRAM Safety, Statistics and Schedule Safety Statistics Numbers for Last Month –OSHA National Average –Lost Time Rate 1.50 Recordable Rate 2.40 –HDJV Metrics –13,806,492 Total Trade Hours worked –Lost Time Rate 0.20 Recordable Rate 2.10 Trade Hours for the Program Overall –ARP Metrics (HDJV+AOJV) –15,967,986 Total Trade Hours worked Trade Workers on Site –663 Trade Workers (on Site 04/04/2025) Schedule Status and Critical Path –Phase 3 –Completion of Northside Paving and Installation of Passenger Boarding Bridges –Phase 4 –Completion of Curtainwall, Exterior Metal Panels & Roofing System Installations for Building Dry-In –Phase 4 –Completion of Building Permanent Power + Start Up of HVAC Systems –Phase 4 –Completion of Early Gate Base Building Finishes and Systems Start-up –Overall Program is on Schedule 2 Near Term Schedule Milestones 3 Target Date Current Date Description 03/17/25 Complete Terminal Pylon Signage Complete 03/24/25 Complete Baggage Expansion Project - Start TSA Relocations to Trailers 04/02/25 Complete Ancillary - Spirit Airlines New Space in Concourse B West Operational 04/11/25 04/11/25 Phase 3 - Production PCCP Pavement in Place and Complete 04/21/25 04/21/25 Concourse B East (Phase 4) - Complete Hydronic Flush & Fill Early Gates 04/28/25 04/28/25 Concourse B East (Phase 4) - Concession Shared Access Early Gates 04/28/25 04/28/25 Concourse B East (Phase 4) - Start Terrazzo Remaining Gates Area M 05/12/25 05/12/25 Phase 3 - Start Installation of Passenger Boarding Bridges 05/13/25 05/13/25 Concourse B East (Phase 4) - Complete Permanent Power Early Gates Airport Redevelopment Program Overall Budget 4 Budget 03/20/25 FOC Committed Feb-25 Commitments Mar-25 Revised Commitments Earned to Date Estimate at Completion Closed TRP CGMPs 1, 2, 2A-2D, 3-7, 9, 09A, 12 $1,933,090,276 $1,933,090,276 $0 $1,933,090,276 $1,933,090,276 $1,933,090,276 Closed NCP CGMPs 13, 14, 15, 16, 17, 18 & 19 $487,852,444 $487,852,444 $0 $487,852,444 $487,852,444 $487,852,444 CGMP 2E & F CMAR General Conditions/Services $99,720,169 $99,720,169 $0 $99,720,169 $89,802,560 $99,720,169 CGMP 2G CMAR Preconstruction Phase 4 $51,154,016 $51,154,015 $0 $51,154,015 $17,298,016 $51,154,016 CGMP 10 South Concourse East/Tunnel Shell $549,521,334 $549,521,334 $0 $549,521,334 $549,521,334 $549,521,334 CGMP 11, 11A & 11B Apron Paving & Fueling $272,025,556 $272,025,556 $0 $272,025,556 $229,584,504 $272,025,556 CGMP 19A Phase 3 NCP/Tunnel Buildout $386,896,366 $383,181,403 $0 $383,181,403 $359,338,126 $386,896,366 CGMP 20 NCP Phase 2 Airfield Paving & Jet Fuel $83,636,471 $83,173,560 $0 $83,173,560 $62,376,911 $83,636,471 CGMP 22 & 22F Phase 4 Concourse $572,603,064 $572,603,064 $0 $572,603,064 $266,774,002 $572,603,064 CGMP 24 Phase 4 Airfield $60,016,729 $60,016,729 $0 $60,016,729 $40,898,850 $60,016,729 Total Program Construction $4,496,516,425 $4,492,338,550 $0 $4,492,338,550 $4,036,537,023 $4,496,516,425 TRP Owner Procurement $5,869,161 $6,241,169 ($372,008)$5,869,161 $5,869,160 $5,869,161 NCP Owner Procurement $3,126,328 $3,126,328 $0 $3,126,328 $1,860,182 $3,126,328 Security Checkpoint Equipment $12,751,472 $11,751,472 $0 $11,751,472 $7,848,061 $12,751,472 Automated Security Exit Door Equipment $917,430 $914,453 $0 $914,453 $914,453 $917,430 TRP Soft Cost $352,631,983 $352,436,409 $195,574 $352,631,983 $352,438,421 $352,631,983 NCP Soft Cost Phases 1&3 $179,096,040 $166,017,961 $390,000 $166,407,961 $153,990,957 $179,096,040 NCP Soft Cost Phase 4 $75,008,124 $53,515,227 $235,836 $53,751,063 $41,170,127 $75,008,124 Total Program Soft Cost $629,400,538 $594,003,019 $449,402 $594,452,421 $564,091,361 $629,400,538 ARP Owner Reserve $9,056,099 $0 $0 $0 $0 $9,056,099 Total ARP Program Budget $5,134,973,062 $5,086,341,569 $449,402 $5,086,790,971 $4,600,628,384 $5,134,973,062 Apron and Airfield Airfield •Utility Work to Support Spring Paving Underway •Started P-306 Paving and P-501 Paving •Electrical Ductbank, Conduit Installation and Light-Can installation for Taxiway Echo Completion 5 Concourse B East -Phase 3 / Ancillary Projects CBP Dynamic Signage •Metal Stud Framing and MEP Rough at Static Sign •Overhead Steel Supports and Prep for Dynamic Panels Concourse ‘B’ Level 1 Spirit Operations / Breakroom Space •Complete and Operational Concourse ‘B’ Delta Ramp Breakroom (New Construction) A21 •Started Exterior Wall Metal Stud Framing •Started In-Wall Electrical Rough-In Concourse ‘B’ Mid-Point Sensory Room •Construction start 21 April 25 Concourse ‘B’ Airport Control Center •Existing Space Demolition and Debris Removal started 6 Concourse B East –16 Gates (Phase 4) Concourse ‘B’ East 16 Gates (Phase 4) –Early Gate Permanent Power Electrical Panel Energization Started –Escalator Delivery and Rough Installation Complete –Interior Metal Stud Framing and Drywall Progressing –Exterior and Interior CMU Underway –Exterior Metal Panel, Glazing and Roofing Installations Continuing –Terrazzo in Area L Circulation Area Continuing –Public Space High Ceiling and Holdroom Ceiling Grid Assembly Started –Back of House Restroom Tile Installation Started –Public Restroom Terrazzo Placement Started 7 Baggage Handling System Expansion –Future Capacity 8 •TSA has occupied their temporary trailers •Started demolition of the old TSA space to access above ceiling work area •North Bump-out area steel erection is complete, and baggage installation has started •Temporary BHS control room construction has started –activation early -May •Stakeholder engagement meetings complete •Working to schedule weekly progress meetings to support work inside the terminal •FAT scheduled for Mid-May •Delta Re -Route design (MU01) complete and is scheduled for completion November 1st •Right of way planning activities are ongoing and are complete through sequence 8 •Project Budget: $67M •Project completion: 4Q26 Baggage Handling System Expansion –Future Capacity Design as Estimated Baggage Handling System Expansion –Future Capacity Future Configuration Existing Configuration New Conveyor Installation 12 Overall Phase 3 and Phase 4 Phased Delivery 13 Concourse B East –03/26/2025 14 Concourse B East –03/26/2025 15 Concourse B East –First Node AmEx Lounge -03/26/2025 16 Concourse B North Apron Paving –03/26/2025 17 Baggage Expansion Project –03/26/2025 18 Concourse B East –East End –Exterior Progress 19 Concourse B East –Interior Progress Area L Holdroom Carpet Prep Area K Circulation Ceiling Grid Area L Circulation Back of House Restroom Tiling 20 Other Projects –Progress TSA Training Room -Temporary Trailers American Express Lounge Concourse B Delta Sky Club New Delta Breakroom Near A21 AGENDA: DISCUSSION ITEM (C) DATE: 16 April 2025 TO: Airport Advisory Board FROM: Bill Wyatt, Executive Director SUBJECT: SLC Runway Extension and AAM Planning Brady Fredrickson, Director of Airport Planning & Capital Programming (presentation on file). 4/10/2025 SLC RUNWAY EXTENSION AND AAM PLANNING SLC –Master Plan Recap 2 3 SLC –Master Plan Recap Runway Extension Update SLC-Master Plan Capacity Analysis –Runway Extension •The high elevation, high maximum mean temperature, and existing obstructions to the north present challenges to aircraft performance and result in limitations to the allowable take-off weight of some aircraft using the airport. SLC-Master Plan Capacity Analysis For the Airbus A330 and A350 a 13,500 –15,100’ runway allows for a range of destinations, including Seoul, Rio, and nearly all of Europe. RWY length shown on ALP = 14,500’ SLC-Master Plan Capacity Analysis –Runway Extension 84.2 98.6 75.2 96.8 Capacity and Cost Benefit July 2022 SLC-Master Plan Capacity Analysis –Runway Extension •A runway extension improves: •Payload range to international destinations •Departure Capacity -Allows intersection departures •Departure Efficiency –Reduced thrust take-offs •Departure Efficiency -Noise and emissions •Runway extension considerations: •Climb Gradients and Terrain •Runway usage and integration (air to terminal) •Wetlands impacts •Constructability •Carbon footprint •Safety Preferred Alternative SLC –Runway Extension SLC –Runway Extension 11 SLC –Runway Extension ~ 8’ Penetration SLC-Master Plan Capacity Analysis –NEPA -Environmental SLC-Master Plan Capacity Analysis –TIMELINE (Tentative) Phase 1 –NEPA Documentation 2 -3 Years (2024 -2026) Phase 2 –Transmission Lines 2 Years (2027 -2028) Phase 3 –2100 North Street Relocation 1 Year (2029) Phase 4 –Runway / Taxiway Extension 2 -3 Years (2030 –2032) Advanced Air Mobility -AAM SLC –AAM –What is it ???? (e)VTOL –Vertical Take-Off and Landing (e)CTOL –Conventional Take-Off and Landing CTOL SLC –AAM –Airport, Airspace and Community Integration SLC –AAM Planning –Salt Lake Valley SLC –AAM Planning –Congested Airspace SVR SLC I-15 4/5/2025 Flight Tracks Airspace Gates? SLC –AAM Planning –Airspace Gates? SLC –AAM Planning –Airspace Integration SLC –AAM Planning –Airport and Community Integration Thank you. Advisory Board Meeting April 16, 2025 Media Clippings https://slcairport.com/assets/pdfDocuments/AABoard/April2025Cli ppingPacket.pdf Compiled by the Communication & Marketing Dept. Advisory Board Meeting April 16 2025 Information February Year to date 12 MO ROLLING 2025 CHANGE 2025 CHANGE Ending 02/2025 CHANGE PASSENGERS DOMESTIC Enplaned - Local 761,904 -2.83% 1,527,142 -2.83% 9,200,103 1.44% Enplaned - Connections 286,338 -2.81% 603,619 -2.23% 4,767,111 6.90% Less International -48,525 -99,282 -684,490 Enplaned 999,717 -3.05% 2,031,479 -2.92% 13,282,724 3.24% Deplaned - Local 786,364 -4.26% 1,569,691 -3.16% 9,507,070 2.73% Deplaned - Connection 286,338 -2.81% 603,619 -2.23% 4,767,111 6.90% Less International -52,368 -109,400 -693,173 Deplaned 1,020,334 -4.21% 2,063,910 -3.20% 13,581,008 4.08% TOTAL DOMESTIC 2,020,051 -3.64% 4,095,389 -3.06% 26,863,732 3.66% INTERNATIONAL Enplaned 48,525 1.87% 99,282 2.93% 684,490 3.34% Deplaned 52,368 3.18% 109,400 3.06% 693,173 4.08% TOTAL INTERNATIONAL 100,893 2.55% 208,682 3.00% 1,377,663 3.71% TOTAL PASSENGERS 2,120,944 -3.36% 4,304,071 -2.78% 28,241,395 3.67% LANDED WEIGHT Air Carriers 1,235,498,346 0.09% 2,524,601,321 -0.91% 15,731,798,313 4.11% Cargo Carriers 71,281,768 -9.96% 150,497,082 -5.25% 1,036,261,145 0.35% TOTAL LANDED WEIGHT (LBS) 1,306,780,114 -0.51% 2,675,098,403 -1.17% 16,768,059,458 3.87% MAIL Enplaned 2,426,423 558.56% 4,302,071 345.43% 19,040,219 50.08% Deplaned 967,120 202.60% 1,957,386 206.79% 9,958,002 29.10% TOTAL MAIL (LBS) 3,393,543 393.21% 6,259,457 290.28% 28,998,221 42.15% CARGO Enplaned 10,381,268 -19.24% 21,692,255 -15.38% 150,757,639 -7.81% Deplaned 11,265,715 -16.65% 23,193,519 -13.84% 166,965,512 -1.96% TOTAL CARGO (LBS) 21,646,983 -17.91% 44,885,774 -14.59% 317,723,151 -4.82% MAIL & CARGO Enplaned 5,191 -19.23% 10,846 -15.38% 75,379 -7.80% Deplaned 5,633 -16.65% 11,597 -13.83% 83,483 -1.96% TOTAL MAIL & CARGO (TONS) 10,824 -17.91% 22,443 -14.59% 158,862 -4.82% AIRCRAFT OPERATIONS Passenger Aircraft 19,836 0.45% 40,574 -0.25% 247,636 3.86% All-Cargo Aircraft 1,008 -21.74% 2,096 -19.51% 14,984 -7.41% General Aviation 5,238 7.69% 11,045 1.33% 62,242 0.32% Military 212 -11.30% 448 -13.01% 2,958 -36.30% TOTAL AIRCRAFT OPERATIONS 26,294 0.59% 54,163 -0.97% 327,820 2.02% SALT LAKE CITY INTERNATIONAL AIRPORT AIR TRAFFIC STATISTICS AND ACTIVITY REPORT TWO MONTHS ENDED FEBRUARY 2025 February February % Year to date Year to date % 12 MO ROLLING % 2024 2025 CHANGE 2024 2025 CHANGE Ending 02/2025 CHANGE ENPLANED PASSENGERS AEROMEXICO 3,209 4,097 27.7% 6,203 9,649 55.6% 58,909 146.5% AIR CANADA - - 0.0% - - 0.0% 7,972 1.8% ALASKA 13,774 12,259 -11.0% 25,515 26,841 5.2% 181,596 4.1% Horizon Air / Alaska - 342 100.0% - 709 100.0% 1,600 995.9% Skywest / Alaska 7,115 7,809 9.8% 14,559 16,001 9.9% 110,551 9.2% AMERICAN 62,234 50,370 -19.1% 126,787 100,835 -20.5% 602,935 -1.0% Envoy Air - 1,344 100.0% 487 2,945 504.7% 11,972 184.2% American/Mesa Air - - 0.0% - - 0.0% - -100.0% Republic - - 0.0% - - 0.0% - 0.0% SkyWest (American) 8,422 12,564 49.2% 17,427 24,023 37.8% 112,146 56.4% AVELO - 713 100.0% - 1,366 100.0% 3,019 100.0% DELTA 589,071 589,851 0.1% 1,205,275 1,208,027 0.2% 8,121,339 2.6% SkyWest (Delta Connection) 120,479 111,551 -7.4% 252,619 232,384 -8.0% 1,585,176 0.1% EUROWINGS DISCOVER - - 0.0% - - 0.0% - -100.0% FRONTIER 25,759 35,275 36.9% 50,719 72,305 42.6% 493,784 74.1% HAWAIIAN - 4,591 100.0% - 9,902 100.0% 50,381 100.0% JETBLUE 25,126 7,661 -69.5% 50,460 13,713 -72.8% 166,878 -45.5% KLM ROYAL DUTCH AIRLINES - - 0.0% - - 0.0% 33,174 7.1% SOUTHWEST 128,987 129,016 0.0% 256,549 250,578 -2.3% 1,510,152 3.0% SPIRIT 21,361 7,408 -65.3% 41,010 14,412 -64.9% 170,821 -24.9% SUN COUNTRY 362 155 -57.2% 362 208 -42.5% 10,960 305.0% UNITED 59,240 57,924 -2.2% 110,564 115,593 4.5% 536,826 13.4% Mesa Airlines (United Express) 277 - -100.0% 1,102 451 -59.1% 14,759 33.7% Republic Airways (United) - - 0.0% - - 0.0% - 0.0% SkyWest (United Express) 13,127 15,310 16.6% 29,147 30,773 5.6% 180,938 -19.4% Charters 217 2 -99.1% 219 46 -79.0% 1,326 51.5% West Coast Charters 0 0.0% 0 0.0% 0 0.0% TOTAL ENPLANED PASSENGERS 1,078,760 1,048,242 -2.8% 2,189,004 2,130,761 -2.7% 13,967,214 3.2% AeroMexico 6,450 7,732 19.9% 11,917 17,320 45.3% 96,405 144.6% AIR CANADA - - 0.0% - - 0.0% 7,526 -5.2% ALASKA AIR 14,188 11,811 -16.8% 26,110 27,183 4.1% 177,213 3.9% Horizon Air / Alaska - 353 100.0% - 686 100.0% 1,564 1050.0% Skywest / Alaska 7,468 3,649 -51.1% 14,887 12,228 -17.9% 110,004 12.9% AMERICAN 62,304 50,735 -18.6% 126,403 101,457 -19.7% 599,968 -1.7% Envoy Air (American) - 1,252 100.0% 484 2,724 462.8% 12,167 170.1% Mesa Air - - 0.0% - - 0.0% - -100.0% Republic - - 0.0% - - 0.0% - 0.0% SkyWest (American) 8,415 12,326 46.5% 16,950 23,297 37.4% 112,782 10.8% AVELO - 644 100.0% - 1,322 100.0% 3,062 100.0% DELTA 614,609 614,328 0.0% 1,246,747 1,247,303 0.0% 8,374,769 4.1% SkyWest (Delta Connection) 121,378 111,235 -8.4% 251,281 231,140 -8.0% 1,577,893 -1.0% EUROWINGS DISCOVER - - 0.0% - - 0.0% - -100.0% FRONTIER 26,661 33,268 24.8% 52,641 69,194 31.4% 511,611 78.1% HAWAIIAN - 4,713 100.0% - 11,023 100.0% 51,962 100.0% JETBLUE 25,751 8,866 -65.6% 49,269 14,733 -70.1% 170,369 -44.7% KLM ROYAL DUTCH AIRLINES - - 0.0% - - 0.0% 34,909 5.4% SOUTHWEST 130,822 129,526 -1.0% 256,464 249,703 -2.6% 1,510,046 3.0% SPIRIT 21,571 7,336 -66.0% 41,086 13,612 -66.9% 172,774 -25.0% SUN COUNTRY 290 49 -83.1% 290 93 -67.9% 11,548 447.0% UNITED 62,326 61,458 -1.4% 113,852 121,349 6.6% 538,800 13.8% Mesa Airlines / United Express 294 - -100.0% 1,056 410 -61.2% 15,540 37.9% Republic Airways (United) - - 0.0% - - 0.0% - 0.0% SkyWest (United Express) 13,266 13,421 1.2% 28,681 28,489 -0.7% 181,546 -18.6% Charters 164 - -100.0% 160 44 -72.5% 1,723 83.5% West Coast Charters 0.0% 0.0% 0.0% TOTAL DEPLANED PASSENGERS 1,115,957 1,072,702 -3.9% 2,238,278 2,173,310 -2.9% 14,274,181 4.1% TOTAL PASSENGERS* 2,194,717 2,120,944 -3.4% 4,427,282 4,304,071 -2.8% 28,241,395 3.7% INTERNATIONAL - ENPLANED AEROMEXICO 3,209 4,097 27.7% 6,203 9,649 55.6% 58,909 146.5% AIR CANADA - - 0.0% - - 0.0% 7,972 1.8% DELTA 38,764 39,417 1.7% 79,319 79,575 0.3% 497,481 -8.8% SkyWest (Delta Connection) 5,661 5,011 -11.5% 10,935 10,058 -8.0% 86,954 86.6% EUROWINGS DISCOVER - - 0.0% - - 0.0% -100.0% KLM ROYAL DUTCH AIRLINES - - 0.0% - - 0.0% 33,174 7.1% Charters - - 0.0% - - 0.0% 0.0% TOTAL ENPLANED INTERNATIONAL 47,634 48,525 1.9% 96,457 99,282 2.9% 684,490 3.3% AEROMEXICO 6,450 7,732 19.9% 11,917 17,320 45.3% 96,405 144.6% AIR CANADA - - 0.0% - - 0.0% 7,526 DELTA 38,788 38,956 0.4% 83,481 81,310 -2.6% 467,847 -12.0% SkyWest (Delta Connection) 5,515 5,680 3.0% 10,752 10,770 0.2% 86,486 88.6% EUROWINGS DISCOVER - - 0.0% - - 0.0% - -100.0% KLM ROYAL DUTCH AIRLINES - - 0.0% - - 0.0% 34,909 5.4% Charters - - 0.0% - - 0.0% 0.0% TOTAL DEPLANED INTERNATIONAL 50,753 52,368 3.2% 106,150 109,400 3.1% 693,173 4.1% TOTAL INTERNATIONAL PASSENGERS 98,387 100,893 2.5% 202,607 208,682 3.0% 1,377,663 3.7% *Includes International SALT LAKE CITY INTERNATIONAL AIRPORT PASSENGER TRAFFIC REPORT TWO MONTHS ENDED FEBRUARY 2025 Februar MARKE Februar MARKE Year to date MARKE Year to date MARKE 12 MO ROLLING 12 MO ROLLING MARKE 2024 SHARE 2025 SHARE 2024 SHARE 2025 SHARE Ending 02/202 Ending 02/2025 SHARE AEROMEXICO 3,209 0.30% 4,097 0.39% 6,203 0.28% 9,649 0.45% 23,896 58,909 0.42% ALASKA 20,889 1.94% 20,410 1.95% 40,074 1.83% 43,551 2.04% 275,732 293,747 2.10% AMERICAN 70,656 6.55% 64,278 6.13% 144,701 6.61% 127,803 6.00% 687,566 727,053 5.21% AVELO - 0.00% 713 0.07% - 0.00% 1,366 0.06% - 3,019 0.02% DELTA 709,550 65.77% 701,402 66.91% 1,457,894 66.60% 1,440,411 67.60% 9,498,929 9,706,515 69.49% EUROWINGS DISCOVER - 0.00% - 0.00% - 0.00% - 0.00% 7,700 - 0.00% FRONTIER 25,759 2.39% 35,275 3.37% 50,719 2.32% 72,305 3.39% 283,613 493,784 3.54% HAWAIIAN - 0.00% 4,591 0.44% - 0.00% 9,902 0.46% - 50,381 0.36% JETBLUE 25,126 2.33% 7,661 0.73% 50,460 2.31% 13,713 0.64% 306,353 166,878 1.19% KLM ROYAL DUTCH - 0.00% - 0.00% - 0.00% - 0.00% 30,979 33,174 0.24% SOUTHWEST 128,987 11.96% 129,016 12.31% 256,549 11.72% 250,578 11.76% 1,465,717 1,510,152 10.81% SPIRIT 21,361 1.98% 7,408 0.71% 41,010 1.87% 14,412 0.68% 227,414 170,821 1.22% SUN COUNTRY 362 0.03% 155 0.01% 362 0.02% 208 0.01% 2,706 10,960 0.08% UNITED 72,644 6.73% 73,234 6.99% 140,813 6.43% 146,817 6.89% 709,115 732,523 5.24% Charters 217 0.02% 2 0.00% 219 0.01% 46 0.00% 875 1,326 0.01% TOTAL ENPLANEMENT 1,078,760 100% 1,048,242 100% 2,189,00 100% 2,130,761 100% 13,528,426 13,967,21 100% Februar Februar PERCENT YTD YTD PERCENT 12 MO ROLLING 12 MO ROLLING PERCENT 2024 2025 CHANGE 2024 2025 CHANGE Ending 02/202 Ending 02/2025 CHANGE AEROMEXICO 3,209 4,097 27.67% 6,203 9,649 55.55% 23,896 58,909 146.52% ALASKA 20,889 20,410 -2.29% 40,074 43,551 8.68%#275,732 293,747 6.53% AMERICAN 70,656 64,278 -9.03% 144,701 127,803 -11.68%#687,566 727,053 5.74% AVELO - 713 #DIV/0! - 1,366 #DIV/0! - 3,019 #DIV/0! DELTA 709,550 701,402 -1.15% 1,457,894 1,440,411 -1.20%#9,498,929 9,706,515 2.19% EUROWINGS DISCOVER - - #DIV/0! - - #DIV/0! 7,700 - -100.00% FRONTIER 25,759 35,275 36.94% 50,719 72,305 42.56%#283,613 493,784 74.10% HAWAIIAN - 4,591 100.00% - 9,902 100.00%0 - 50,381 100.00% JETBLUE 25,126 7,661 -69.51% 50,460 13,713 -72.82%#306,353 166,878 -45.53% KLM ROYAL DUTCH - - 0.00% - - 0.00% 30,979 33,174 7.09% SOUTHWEST 128,987 129,016 0.02% 256,549 250,578 -2.33%#1,465,717 1,510,152 3.03% SPIRIT 21,361 7,408 -65.32% 41,010 14,412 -64.86% 227,414 170,821 -24.89% SUN COUNTRY 362 155 -57.18% 362 208 -42.54% 2,706 10,960 305.03% UNITED 72,644 73,234 0.81% 140,813 146,817 4.26%#709,115 732,523 3.30% Charters 217 2 -99.08% 219 46 -79.00%#875 1,326 51.54% TOTAL ENPLANEMENT 1,078,760 1,048,242 -2.8% 2,189,00 2,130,761 -2.7%#13,528,426 13,967,21 3.2% PERCENT CHANGE YOY SALT LAKE CITY INTERNATIONAL AIRPORT TWO MONTHS ENDED FEBRUARY 2025 Based on Total Enplanements MARKET SHARE February February Year to date Year to date 12 MO ROLLING % 2024 2025 CHANGE 2024 2025 CHANGE Ending 02/2025 CHANGE TOTAL NUMBER OF LANDINGS SCHEDULED CARRIERS AEROMEXICO 29 36 24.1% 55 78 41.8% 444 74.1% AIR CANADA - - 0.0% - - 0.0% 79 16.2% ALASKA 101 81 -19.8% 196 184 -6.1% 1,230 3.6% Horizon Air / Alaska - 5 100.0% - 11 100.0% 24 1100.0% Skywest / Alaska 120 121 0.8% 243 256 5.3% 1,736 18.3% AMERICAN 373 313 -16.1% 798 547 -31.5% 3,575 -4.3% Mesa Air (American) - - 0.0% - - 0.0% - -100.0% Envoy Air (American) - 19 100.0% 8 42 425.0% 179 179.7% Republic/ (American - - 0.0% - - 0.0% - 0.0% SkyWest (American) 136 204 50.0% 276 389 40.9% 1,859 54.1% AVELO - 8 100.0% - 17 100.0% 37 100.0% DELTA 4,178 4,381 4.9% 8,674 9,102 4.9% 57,464 3.4% SkyWest (Delta Connection) 2,052 2,005 -2.3% 4,368 4,241 -2.9% 26,688 -0.6% EUROWINGS DISCOVER - - 0.0% - - 0.0% - -100.0% FRONTIER 191 214 12.0% 379 446 17.7% 3,174 78.5% HAWAIIAN - 28 100.0% - 59 100.0% 293 100.0% JETBLUE 191 64 -66.5% 387 106 -72.6% 1,248 -45.1% KLM ROYAL DUTCH AIRLINES - - 0.0% - - 0.0% 88 -5.4% SOUTHWEST 985 995 1.0% 2,010 1,953 -2.8% 11,939 -1.2% SPIRIT 134 56 -58.2% 264 100 -62.1% 1,097 -25.7% SUN COUNTRY 7 4 -42.9% 7 8 14.3% 130 78.1% UNITED 431 446 3.5% 832 895 7.6% 4,125 17.8% Mesa / United Express 4 - -100.0% 15 6 -60.0% 221 34.8% Republic Airways Holdings - - 0.0% - - 0.0% - 0.0% SkyWest (United Express) 230 276 20.0% 497 552 11.1% 3,108 -13.9% Trans States - - 0.0% - - 0.0% - 0.0% SUBTOTAL SCHEDULED CARRIERS: 9,162 9,256 1.0% 19,009 18,992 -0.1% 118,738 2.8% CHARTER CARRIERS ALLEGIANT AIR - - 0.0% - 1 100.0% 18 260.0% BOMBARDIER BUSINESS JETS 331 294 -11.2% 621 563 -9.3% 2,147 69.6% BOUTIQUE AIR - - 0.0% - - 0.0% - 0.0% DELTA PRIVATE JETS - - 0.0% - - 0.0% - 0.0% EXECUTIVE JET MANAGEMENT - - 0.0% - - 0.0% - 0.0% FLIGHT OPTIONS - - 0.0% - - 0.0% - 0.0% KALITTA CHARTERS 5 1 -80.0% 10 1 -90.0% 16 -30.4% KEYLIME AIR 2 2 0.0% 2 3 50.0% 5 150.0% NETJETS 361 365 1.1% 678 727 7.2% 2,869 24.6% SIERRA PACIFIC AIRLINES 2 - -100.0% 2 - -100.0% 2 -66.7% SWIFT AIR - - 0.0% - - 0.0% - 0.0% SUN COUNTRY - - 0.0% - - 0.0% - 0.0% XOJET 15 - -100.0% 25 - -100.0% 22 -76.3% OTHER CHARTER - - 0.0% - - 0.0% 1 100.0% SUBTOTAL CHARTER CARRIERS: 716 662 -7.5% 1,338 1,295 -3.2% 5,080 37.4% CARGO CARRIERS 21 AIR LLC 8 20 150.0% 8 41 412.5% 291 3537.5% ABX AIR INC 1 - -100.0% 4 - -100.0% 7 -41.7% AIRNET 11 LLC 6 5 -16.7% 17 9 -47.1% 63 -23.2% ALPINE AVIATION 203 163 -19.7% 401 336 -16.2% 2,065 -14.7% AMERIFLIGHT 21 20 -4.8% 45 44 -2.2% 262 -10.9% AMERIJET INTERTIONAL 7 - -100.0% 27 - -100.0% - -100.0% CORPORATE AIR (BILLINGS) 127 41 -67.7% 244 96 -60.7% 1,414 -7.6% EMPIRE 17 16 -5.9% 34 34 0.0% 207 -1.9% FEDERAL EXPRESS 119 85 -28.6% 240 175 -27.1% 1,373 -11.4% GEM AIR 30 33 10.0% 65 65 0.0% 383 8.2% GLOBAL CROSSING AIRLINES - - 0.0% - - 0.0% - -100.0% NORTHERN AIR CARGO - - 0.0% 17 - -100.0% - -100.0% SWIFT AIR 5 - -100.0% 5 - -100.0% - -100.0% UPS 93 121 30.1% 183 248 35.5% 1,427 7.5% WESTERN AIR EXPRESS - - 0.0% - - 0.0% - 0.0% OTHER CARGO 3 - -100.0% 3 - -100.0% - -100.0% SUBTOTAL CARGO CARRIERS: 640 504 -21.3%1,293 1,048 -18.9% 7,492 -7.5% TOTAL LANDING 10,518 10,422 -0.9 21,640 21,33 -1.4 131,310 3.1 TOTAL LANDED WEIGHT SCHEDULED CARRIERS AEROMEXICO 4,060,000 5,360,000 32.0% 7,338,384 11,640,000 58.6% 63,438,864 141.2% AIR CANADA - - 0.0% - - 0.0% 12,166,000 16.2% ALASKA 15,672,300 12,364,900 -21.1% 30,016,500 28,272,800 -5.8% 189,022,000 3.3% Horizon Air / Alaska - 374,785 100.0% - 824,527 100.0% 1,798,968 1100.0% Skywest / Alaska 8,994,840 9,069,797 0.8% 18,214,551 19,188,992 5.3% 130,125,352 18.3% AMERICAN 61,109,116 51,332,818 -16.0% 130,072,286 91,142,718 -29.9% 591,567,606 -3.2% Envoy Air (American) - 1,424,050 100.0% 599,600 3,137,340 423.2% 13,394,930 179.2% American/Mesa Air - - 0.0% - - 0.0% - -100.0% Republic (American) - - 0.0% - - 0.0% - 0.0% SkyWest (American) 9,565,150 14,351,700 50.0% 19,732,200 27,486,050 39.3% 130,889,150 53.8% SALT LAKE CITY INTERNATIONAL AIRPORT LANDING ACTIVITY TWO MONTHS ENDED FEBRUARY 2025 February February Year to date Year to date 12 MO ROLLING % 2024 2025 CHANGE 2024 2025 CHANGE Ending 02/2025 CHANGE SALT LAKE CITY INTERNATIONAL AIRPORT LANDING ACTIVITY TWO MONTHS ENDED FEBRUARY 2025 AVELO - 1,024,000 100.0% - 2,176,000 100.0% 4,736,000 100.0% DELTA 665,742,860 688,762,849 3.5% 1,384,043,048 1,428,073,128 3.2% 9,024,374,692 3.6% SkyWest (Delta Connection) 153,616,902 146,700,165 -4.5% 327,059,367 311,139,698 -4.9% 1,978,164,075 1.4% EUROWINGS DISCOVER - - 0.0% - - 0.0% - -100.0% FRONTIER 27,732,338 32,865,556 18.5% 55,533,466 68,026,796 22.5% 483,799,396 84.4% HAWAIIAN - 5,115,200 100.0% - 12,565,532 100.0% 57,726,598 100.0% JETBLUE 27,189,519 9,497,623 -65.1% 55,295,271 15,473,942 -72.0% 177,733,831 -45.1% KLM ROYAL DUTCH AIRLINES - - 0.0% - - 0.0% 41,432,185 4.2% SOUTHWEST 135,501,100 142,460,100 5.1% 277,061,500 279,122,800 0.7% 1,663,588,600 0.5% SPIRIT 22,262,924 7,963,088 -64.2% 44,021,872 14,219,800 -67.7% 166,861,778 -22.9% SUN COUNTRY 1,024,100 585,200 -42.9% 1,024,100 1,170,400 14.3% 19,019,000 78.9% UNITED 62,940,200 66,297,300 5.3% 120,364,600 132,189,400 9.8% 592,905,100 15.4% Mesa / United Express 299,800 - -100.0% 1,124,800 449,700 -60.0% 16,563,950 35.4% Republic Airways Holdings - - 0.0% - - 0.0% - 0.0% SkyWest (United Express) 15,268,066 18,668,561 22.3% 33,145,885 36,846,627 11.2% 206,216,298 -17.2% SUBTOTAL SCHEDULED CARRIERS: 1,210,979,215 1,214,217,692 0.3% 2,504,647,430 2,483,146,250 -0.9% 15,565,524,373 3.8% CHARTER CARRIERS ALLEGIANT AIR 0 0 0.0% 0 134,481 100.0% 2,560,663 263.0% AMERISTAR - - 0.0% - - 0.0% 107,000 100.0% BOEING COMMERCIAL AIRPLANE - - 0.0% - - 0.0% - 0.0% BOMBARDIER 11,632,448 10,168,834 -12.6% 21,807,081 19,241,475 -11.8% 74,474,403 68.9% BOUTIQUE AIR - - 0.0% - - 0.0% - 0.0% DELTA PRIVATE JETS - - 0.0% - - 0.0% - 0.0% EXECUTIVE JET MANAGEMENT - - 0.0% - - 0.0% - 0.0% FLIGHT OPTIONS - - 0.0% - - 0.0% - 0.0% KALITTA CHARTERS 323,600 15,300 -95.3% 412,120 15,300 -96.3% 257,200 -58.8% KEYLIME AIR 75,375 63,448 -15.8% 75,375 95,172 26.3% 182,474 142.1% MIAMI AIR - - 0.0% - - 0.0% - 0.0% NETJETS 10,848,080 11,033,072 1.7% 20,162,743 21,968,643 9.0% 87,772,600 31.1% SIERRA PACIFIC 220,000 - -100.0% 220,000 - -100.0% 220,000 -66.7% SUN COUNTRY - - 0.0% - - 0.0% - 0.0% SWIFT AIR - - 0.0% - - 0.0% - 0.0% VIRGIN AMERICA - - 0.0% - - 0.0% - 0.0% XOJET 477,000 - -100.0% 795,000 - -100.0% 699,600 -81.4% OTHER CHARTER 0.0% 0.0% 0.0% SUBTOTAL CHARTER CARRIERS: 23,576,503 21,280,654 -9.7% 43,472,319 41,455,071 -4.6% 166,273,940 42.3% CARGO CARRIERS 21 AIR LLC 2,264,000 6,304,000 178.4% 2,264,000 13,053,000 476.5% 92,928,000 4004.6% ABX AIR INC 272,000 - -100.0% 1,099,000 - -100.0% 1,974,000 -39.9% AIRNET 11 91,800 77,200 -15.9% 263,600 138,400 -47.5% 973,700 -23.2% ALPINE AVIATION 2,779,500 2,322,700 -16.4% 5,556,500 4,790,800 -13.8% 28,982,500 -13.6% AMERIFLIGHT 338,100 317,200 -6.2% 723,300 716,000 -1.0% 4,215,200 -9.8% AMERIJET INTERNATIONAL 1,904,000 - -100.0% 7,344,000 - -100.0% - -100.0% AMERISTAR 163,400 - -100.0% 163,400 - -100.0% - -100.0% ATLAS AIR - - 0.0% - - 0.0% - -100.0% CORPORATE AIR (BILLINGS) 1,079,500 348,500 -67.7% 2,074,000 816,000 -60.7% 12,019,000 -7.6% EMPIRE 800,156 788,368 -1.5% 1,637,797 1,675,282 2.3% 10,012,125 1.0% FEDEX EXPRESS 39,462,200 25,443,000 -35.5% 79,147,500 56,230,500 -29.0% 452,694,400 -11.8% GEM AIR 255,000 280,500 10.0% 552,500 552,500 0.0% 3,255,500 11.3% GLOBAL CROSSING AIRLINES - - 0.0% - - 0.0% - -100.0% KALITTA AIR LLC 652,000 - -100.0% 652,000 - -100.0% - -100.0% NORTHERN AIR CARGO - - 0.0% 2,057,000 - -100.0% - -100.0% SWIFT AIR 720,000 - -100.0% 720,000 - -100.0% - -100.0% UPS 28,174,640 35,400,300 25.6% 54,285,900 72,524,600 33.6% 429,206,720 7.7% WESTERN AIR EXPRESS - - 0.0% - - 0.0% - 0.0% OTHER CARGO - - 0.0% - - 0.0% - 0.0% SUBTOTAL CARGO CARRIERS: 78,956,296 71,281,768 -9.7% 158,540,497 150,497,082 -5.1% 1,036,261,145 0.0% TOTAL LANDED WEIGH 1,313,512,01 1,306,780,11 -0.5 2,706,660,24 2,675,098,40 -1.2 16,768,059,45 3.9 February February Year to date Year to date 12 MO ROLLING % 2024 2025 CHANGE 2024 2025 CHANGE Ending 02/2025 CHANGE ENPLANED CARGO PASSENGER CARRIERS AIR CANADA - - 0.00% - - 0.00% 12,200 100.00% ALASKA 10,720 11,349 5.87% 18,196 20,691 13.71% 151,184 11.40% Horizon Air / Alaska - - 0.00% - 94 100.00% 94 100.00% Skywest / Alaska 677 506 -25.26% 932 1,370 47.00% 14,475 -15.05% AMERICAN 5,112 2,752 -46.17% 10,939 8,955 -18.14% 59,594 -9.21% American Eagle/Republic - - 0.00% - - 0.00% - 0.00% Envoy Air (American) - - 0.00% - 354 100.00% 361 100.00% Mesa - - 0.00% - - 0.00% - -100.00% SkyWest (American) 1,171 833 -28.86% 2,081 1,262 -39.36% 8,770 -0.15% DELTA 918,326 1,111,091 20.99% 1,851,858 2,295,677 23.97% 10,638,598 15.36% EW DISCOVER GMBH - - - - 0.00% - -100.00% FRONTIER - - 0.00% - - 0.00% - 0.00% KLM ROYAL DUTCH - - 0.00% - - 0.00% 929,185 38.28% SOUTHWEST 312,923 205,565 -34.31% 633,550 433,604 -31.56% 3,004,696 -40.36% UNITED 4,742 9,273 95.55% 10,477 23,628 125.52% 113,421 86.13% Others 7,706 - -100.00% 7,706 - -100.00% - -100.00% CARGO CARRIERS 21 AIR LLC 151,996 526,641 246.48% 151,996 1,064,894 600.61% 6,627,850 4260.54% FEDEX EXPRESS* 7,061,227 4,690,423 -33.57% 13,772,895 9,779,795 -28.99% 75,089,457 -13.39% GEM AIR 13,507 27,873 106.36% 30,624 45,605 48.92% 242,241 27.84% GLOBAL CROSSING - - 0.00% - - 0.00% - -100.00% SWIFT AIR - - 0.00% 60,906 - -100.00% - -100.00% UPS 3,397,287 3,277,611 -3.52% 7,065,558 6,948,221 -1.66% 45,438,266 -9.22% MISC CARGO 968,939 517,351 -46.61% 2,016,713 1,068,105 -47.04% 8,427,247 -21.63% TOTAL ENPLANED CARGO (LBS) 12,854,333 10,381,268 -19.24% 25,634,431 21,692,255 -15.38% 150,757,639 -7.81% DEPLANED CARGO PASSENGER CARRIERS AIR CANADA - - 0.00% - - 0.00% - 0.00% ALASKA 7,400 9,447 27.66% 13,705 22,936 67.35% 217,252 15.49% Horizon Air / Alaska - - 0.00% - 284 100.00% 284 100.00% Skywest / Alaska 1,148 543 -52.70% 2,008 2,282 13.65% 30,889 28.36% AMERICAN 20,499 16,314 -20.42% 48,260 60,308 24.96% 309,236 -5.35% American Eagle/Republic - - 0.00% - - 0.00% - 0.00% Envoy - - 0.00% 26 - -100.00% 15 -94.66% Mesa (American) - - 0.00% - - 0.00% - -100.00% SkyWest (American) 1,110 1,850 66.67% 2,459 2,219 -9.76% 7,027 9.52% DELTA 1,488,292 1,181,947 -20.58% 2,842,156 2,234,278 -21.39% 14,154,882 6.70% SkyWest (Delta Connection) - 0.00% - 0.00% 0.00% EW DISCOVER GMBH - - 0.00% - - 0.00% - -100.00% KLM ROYAL DUTCH - - 0.00% - - 0.00% 1,240,912 46.31% SOUTHWEST 329,561 311,940 -5.35% 676,404 660,352 -2.37% 4,272,929 -1.10% UNITED 39,997 43,287 8.23% 83,103 80,565 -3.05% 460,722 20.62% Others - - 0.00% - - 0.00% - -100.00% CARGO CARRIERS 21 AIR LLC 246,084 654,248 165.86% 246,084 1,451,273 489.75% 11,042,476 4387.28% FEDEX EXPRESS* 6,718,876 5,198,025 -22.64% 13,200,180 10,821,102 -18.02% 79,542,852 -9.04% GEM AIR 942 1,163 23.46% 1,389 2,713 95.32% 20,838 47.92% GLOBAL CROSSING - - 0.00% - - 0.00% - -100.00% SWIFT AIR 92,161 - -100.00% 92,161 - -100.00% - -100.00% UPS 3,951,443 3,608,105 -8.69% 7,955,721 7,318,426 -8.01% 51,232,751 -8.06% MISC CARGO 618,695 238,846 -61.40% 1,754,092 536,781 -69.40% 4,432,447 -29.81% ABX AIR 30,664 - -100.00% 119,217 - -100.00% 457,355 24.98% TOTAL DEPLANED CARGO (LBS) 13,516,208 11,265,715 -16.65% 26,917,748 23,193,519 -13.84% 166,965,512 -1.96% TOTAL CARGO LBS 26,370,541 21,646,983 -17.91% 52,552,179 44,885,774 -14.59% 317,723,151 -4.82% *FEDEX EXPRESS includes mail SALT LAKE CITY INTERNATIONAL AIRPORT CARGO ACTIVITY REPORT TWO MONTHS ENDED FEBRUARY 2025 DEN DENVER INTL 25,884 84.7 1 SLC SALT LAKE CITY INTL 9,496 82.6 1 SLC SALT LAKE CITY INTL 9,542 83.5 7 LAX LOS ANGELES INTL 16,495 81.7 2 PHX PHOENIX SKY HARBOR INTL 17,449 83.4 3 DEN DENVER INTERNATIONAL 25,905 81.5 3 BWI BALTIMORE/WASHINGTON INTL 7,909 82.1 4 PH PHOENIX SKY HARBOR INTL 17,342 80.7 4 LAS LAS VEGAS MCCARRAN INTL 15,759 82.0 5 IAD WASHINGTON DULLES 4,479 80.3 5 LAX LOS ANGELES INTL 16,792 81.7 6 LAS LAS VEGAS Harr Reid INTL 15,581 79.9 6 SEA SEATTLE-TACOMA INTL 14,377 81.1 7 MSP MINNEAPOLIS-ST. PAUL INTL 10,471 79.6 7 MDW CHICAGO MIDWAY 5,949 80.5 8 SE SEATTLE-TACOMA INTL 12,596 79.2 8 ATL HARTSFIELD-JACKSON ATLANTA INTL 29,046 79.8 9 BN NASHVILLE INTL 8,071 79.0 9 BNA NASHVILLE INTL 8,158 79.6 10 US USTIN 6,932 77.7 10 MSP MINNEAPOLIS-ST. PAUL INTL 10,586 79.4 11 LGA NEW YORK LAGUARDIA 13,005 77.7 11 DTW DETROIT METRO WAYNE CNTY 11,242 78.8 12 ORD CHICAGO O HARE 22,668 77.7 12 IAH HOUSTON GEORGE BUSH 13,937 78.8 13 TL HARTSFIELD-JACKSON ATLANTA INTL 29,014 77.2 13 AUS USTIN 7,012 78.7 14 DTW DETROIT METRO WAYNE CNTY 11,098 77.1 14 CLT CHARLOTTE DOUGLAS 21,104 78.6 15 PHL PHILADELPHIA INTL 7,464 77.1 15 IAD WASHINGTON DULLES 7,382 78.5 16 SFO SAN FRANCISCO INTL 12,097 76.9 16 ORD CHICAGO O HARE 26,211 77.5 17 TP TAMPA INTERNATIONAL 6,803 76.6 17 LGA NEW YORK LAGUARDI 13,027 76.3 18 MCO ORLANDO INTL 13,621 76.4 18 MCO ORLANDO INTL 13,640 76.3 19 BOS BOSTON LOGAN INTERNATIONAL 11,778 75.3 19 PHL PHILADELPHIA INTL 9,532 75.6 20 JFK NEW YORK JFK INTL 10,268 75.2 20 MIA MIAMI INTL 9,957 75.3 21 CLT CHARLOTTE DOUGLAS 17,832 75.1 21 JFK NEW YORK JFK INTL 10,271 74.8 22 MDW CHICAGO MIDWAY 5,949 75.1 22 BOS BOSTON LOGAN INTL 11,881 74.7 23 DC RONALD REAGAN NATIONAL 11,346 75.0 23 TPA TAMPA INTL 6,799 74.5 24 IAH HOUSTON GEORGE BUSH 9,572 74.8 24 DFW DALLAS-FT. WORTH REGIONAL 25,961 74.3 25 EWR NEWARK LIBERTY INTERNATIONAL 10,865 74.1 25 SFO SAN FRANCISCO INTL 12,257 74.0 26 MI MIAMI INTL 9,937 73.6 26 DCA RONALD REAGAN NATIONAL 11,554 73.8 27 BWI BALTIMORE/WASHINGTON INTL 7,908 72.8 27 FLL FT. LAUDERDALE 8,239 73.6 28 FLL FT. LAUDERDALE 8,219 72.3 28 EWR NEWARK LIBERTY INTERNATIONAL 11,849 71.1 29 DFW DALLAS-FT. WORTH REGIONAL 25,814 71.9 29 SAN SAN DIEGO LINDBERGH FIELD 8,135 69.3 30 SAN SAN DIEGO LINDBERGH FIELD 8,075 71.1 30 AVERAGES 13,381 AVERAGES 12,690 Flights % On Time HA HAWAIIAN 31 87.1% DL DELT 6,801 85.9% AS ALASKA 211 83.4% NK SPIRIT 38 81.6% F9 FRONTIER 239 80.8% UA UNITED 655 78.6% WN SOUTHWEST 956 76.6% AA AMERICAN 554 74.2% B6 JETBLUE 57 64.9% 9,542 83.5% Source: DOT Air Travel Consumer Report Air Carrier COMPARISON OF ON TIME OPERATIONS December 2024 ON TIME ARRIVAL PERFORMANCE AT SLC By Carrier ARRIVALS DEPARTURES RankAirport Flights % On Time % On TimeFlightsAirportRank CONSTRUCTION REPORT TABLE OF CONTENTS I.Area Map of Project Locations II.Project Schedule III.Construction Analysis IV.Construction Report SALT LAKE CITY DEPARTMENT OF AIRPORTS April 9, 2025 !(2 !(1 !(6 !(5 !(3 !(4 !(7 !(8 2024 - 2025 Project Legend 1. Pumpstation #9 Renovations 2. Electrical Vehicle Charging Stations (FY23) Airfield ° Page 1 04/09/2025 Landside 3. Ground Transportation Restroom + Charging Stations 4. National Weather Service Replacement Controls 5. Bus Plaza EV Stations 6. AOC Backup Generator 7. QTA Elevator Upgrades 8. CUP Crossover Piping ID Task Name Start Finish 1 Project Title Sun 6/25/23 Mon 11/30/26 2 (1) Pump Station #9 Renovations Tue 8/8/23 Fri 5/30/25 3 (2) Electrical Vehicle Charging Stations (FY23)Thu 9/28/23 Wed 4/30/25 4 (3) Ground Trans. Restrooms & Charging Stations Infrastructure Mon 5/13/24 Wed 4/30/25 5 (4) National Weather Service Replacement Controls Mon 3/3/25 Fri 5/30/25 6 (5) Bus Plaza EV Stations Wed 9/25/24 Mon 11/30/26 7 (6) AOC Back-up Generator Sun 6/25/23 Fri 8/29/25 8 (7) QTA Elevator Upgrades Thu 10/3/24 Wed 5/28/25 9 (8) CUP Crossover Piping Fri 10/18/24 Fri 8/1/25 Jan '25 Feb '25 Mar '25 Apr '25 May '25 Jun '25 Jul '25 Aug '25 Sep '25 Oct '25 CONSTRUCTION SALT LAKE CITY INTERNATIONAL AIRPORT CONSTRUCTION PROGRAM 2024/2025 Construction Schedule Page II Project: Microsoft Project (latest) Date: Wed 4/9/25 SALT LAKE CITY DEPARTMENT OF AIRPORTS CONSTRUCTION PROJECT STATUS 2024 - 2025 1 Pump Station #9 Renovations 956,629$ 2,255,819$ 8,884$ 0.39%on schedule Crescent Construction 2 Electrical Vehicle Charging Stations (FY23)570,367$ 620,745$ 5,000$ 0.81%on schedule Apex Electric LLC 3 Ground Transportation Restroom & Charging Stations 695,364$ 628,223$ 43,080$ 6.86%on schedule Paulsen Construction 4 National Weather Service Replacement Controls 630,710$ 617,686$ on schedule Crescent Construction 5 Bus Plaza EV Stations 561,550$ 558,720$ 2,220$ 0.40%on schedule Cache Valley Electric 6 AOC Back-up Generator 527,783$ 542,995$ 10,851$ 2.00%on schedule All-Tech Electric 7 QTA Elevator Upgrades 655,269$ 716,773$ 13,643$ 1.90%on schedule Crescent Construction 8 CUP Crossover Piping 1,682,366$ 1,300,400$ 126,153$ 9.70%on schedule Industrial Piping & Welding, LLC Total 6,280,038$ 7,241,360$ 209,831$ 2.90% Page III 4/9/2025 Page IV CONSTRUCTION REPORT CONSTRUCTION (1) Pump Station #9 Renovations - The Contractor has begun the final phase of the project. The diesel pump is in place and the lines tested. Power has been disconnected as scheduled to facilitate the completion of electrical work, which is expected to take approximately five weeks. Substantial completion is scheduled for May 21, 2025. (2) Electrical Vehicle Charging Stations (FY23) - The RMP Service Agreement and Easement are fully signed and executed. RMP is in the process of scheduling the transformer delivery and installation. Substantial completion is scheduled for April 30, 2025. (3) Ground Transportation Restrooms & Charging Stations Infrastructure - The RMP Service Agreement and Easement are fully signed and executed. RMP is in the process of scheduling the transformer delivery and installation. The Contractor will remobilize to complete the remaining work once RMP has established an installation date. Substantial completion is tentatively scheduled for April 30, 2025, but may push a few weeks based on RMP’s timeline. (4) National Weather Service Replacement Controls - Submittal review and approval by SLCDA is nearing completion. HVAC work is underway and will be completed by May 9th. Substantial completion for this project is anticipated for May 31, 2025. (5) Bus Plaza EV Stations - The RMP Service Agreement and Easement have been executed. RMP will schedule the electrical equipment once a date has been established for delivery of the charging station equipment. The building permit has been issued. Underground work is currently in progress. Substantial completion is anticipated for November 2026. (6) AOC Backup Generator - The new generator was initially planned for installation at the current dumpster enclosure location, requiring a new enclosure. To reduce costs, the generator will now be relocated, and the dumpster enclosure will remain. This change is currently in process. The Contractor is currently trenching for the new electrical conduit runs. Substantial completion is scheduled for August 5, 2025, but is roughly four months ahead of schedule. (7) QTA Elevator Upgrades - A design change was initiated after identifying the need for additional steel columns and hoist beam in the elevator shaft. A change order has been completed for these revisions. The elevators are expected to arrive by April 30th and will be installed upon placement of the added steel members. Exterior CMU openings have been infilled, and the new door openings will be cut into the interior stairwell CMU. Substantial completion is scheduled for May 28, 2025. (8) CUP Crossover Piping -The Contractor has completed Phase 1, pipe insulation work. Phase 2, hot water piping work will resume in June with the tie-in of the hot water loop. Substantial completion is anticipated for August 1, 2025. SALT LAKE CITY DEPARTMENT OF AIRPORTS (An Enterprise Fund of Salt Lake City Corporation) Statements of Net Position (Unaudited) (Amounts in Thousands) As of February 28,2025 2024 ASSETS Current Assets Cash and cash equivalents 204,259$ 364,283$ Restricted cash and cash equivalents 382,464 375,688 Restricted investments 65,985 72,429 Airline and rental fees receivable 53,353 43,988 Loans receivable 5,292 5,559 Leases receivable 45,053 44,249 Other assets 9,640 8,262 Total current assets 766,046 914,458 Noncurrent Assets Restricted cash and cash equivalents 50,627 34,145 Restricted investments 171,561 113,603 Loans receivable 21,490 11,650 Leases receivable 118,208 160,055 Other assets 249 249 Total noncurrent assets and investments 362,135 319,702 Capital assets Land 113,441 113,216 Building and improvements 4,221,328 3,696,051 Equipment 445,219 361,323 Leased Asset 504 504 Subscription Asset 3,807 3,697 Construction in progress 1,135,912 1,281,454 Total capital assets - at cost 5,920,211 5,456,245 Less accumulated depreciation 1,381,570 1,205,468 Net capital assets 4,538,641 4,250,777 Total noncurrent assets 4,900,776 4,570,479 Total Assets 5,666,822 5,484,937 Deferred Outflows of Resources 10,272 7,926 Total Assets and Deferred Outflows of Resources 5,677,094$ 5,492,863$ SALT LAKE CITY DEPARTMENT OF AIRPORTS (An Enterprise Fund of Salt Lake City Corporation) Statements of Net Position (Unaudited) (Amounts in Thousands) As of February 28,2025 2024 LIABILITIES Current Liabilities Accounts payable 2,148$ 49,716$ Accrued compensation 1,184 1,304 Interest payable 27,187 27,396 Other accrued liabilities 13,985 20,307 Current bonds payable 53,670 25,065 Subscription Liability 258 593 Line of credit 200,000 - Total current liabilities 298,432 124,381 Noncurrent Liabilities Revenue bonds payable 3,644,537 3,717,398 Noncurrent compensation liability 4,710 5,079 Net pension liability 5,599 4,248 Other accrued liabilities 28,638 35,999 Subscription Liability 694 860 Total noncurrent liabilities 3,684,178 3,763,584 Total Liabilities 3,982,610 3,887,965 Deferred Inflows of Resources Deferred inflows - revenue collected in advance 18,610 9,135 Deferred inflows - leases 163,261 204,253 Deferred inflows - pension 76 106 Total Deferred Inflows of Resources 181,947 213,494 NET POSITION Net investment in capital assets 1,042,616 960,518 Restricted for Capital projects 99,028 48,896 Debt service 135,743 101,293 Unrestricted 235,150 280,697 Net Position 1,512,537 1,391,404 Total Liabilities, Deferred Inflows of Resources, and Net Position 5,677,094$ 5,492,863$ SALT LAKE CITY DEPARTMENT OF AIRPORTS (An Enterprise Fund of Salt Lake City Corporation) Statements of Revenues, Expenses, and Changes in Fund Net Position (Unaudited) (Amounts in Thousands) for the eight month period ended February,2025 2024 Operating Revenues Airline revenue 197,413$ 112,858$ Terminal concessions 20,065 18,598 Landside concessions 81,429 76,896 Lease revenue 8,308 7,630 General aviation 1,273 2,907 State aviation tax 2,155 1,925 Other revenue 5,815 4,288 Operating revenues 316,458 225,102 Less airline revenue sharing (14,447) (9,809) Total operating revenues 302,011 215,293 Operating Expenses Salaries and benefits 48,184 43,960 Materials and supplies 11,853 11,921 Maintenance contracts 16,070 16,029 Charges and services 17,676 19,774 Utilities 5,174 5,293 Inter-governmental 19,828 16,473 Other expenses 6,389 5,089 Total operating expenses before depreciation 125,174 118,539 Operating Income Before Depreciation 176,837 96,754 Depreciation Expense 128,225 111,042 Operating Income (Loss)48,612 (14,288) Non-Operating Revenues (Expenses) Passenger facility charges 33,742 33,360 Customer facility charges 10,513 10,419 Interest income 21,071 32,000 Interest expense (105,396) (103,608) Bond issuance costs (138) (2,327) Other revenue (expenses), net 18 222 Net non-operating loss (40,190) (29,934) Capital Contributions Contributions and grants 28,306 22,381 Total capital contributions 28,306 22,381 Net Position Increase (decrease) in net position 36,728 (21,841) Net Position, beginning of period 1,475,809 1,413,245 Net Position, end of period 1,512,537$ 1,391,404$ SALT LAKE CITY DEPARTMENT OF AIRPORTS (An Enterprise Fund of Salt Lake City Corporation) Operating Revenues and Expenditures to Budget (Unaudited) (Amounts in Thousands) Jul 2024 - Feb 2025 Jul 2024 - Feb 2025 SURPLUS/PERCENT ACTUALS BUDGET DEFICIT CHANGE Revenues Landing Fees 57,700$ 60,405$ (2,705)$ -4.5% Fuel Farm 2,425 2,427 (2) -0.1% Aircraft Remain Overnight Fees 454 580 (126) -21.7% Cargo Bldg & Ramp Use Fees 1,393 1,407 (14) -1.0% Extraordinary Service Charges 35 56 (21) -37.5% Passenger Boarding Bridges 1,333 1,434 (101) -7.0% Tenant Telephone Fees 37 38 (1) -2.6% Terminal Rents 129,766 130,548 (782) -0.6% General Aviation Hangars 763 733 30 4.1% FBO Hangars / Fuel Oil Royalty 510 521 (11) -2.1% Flight Kitchens 2,225 2,089 136 6.5% Other Buildings & Office Space 5,212 5,737 (525) -9.2% Food Service & Vending 11,977 12,294 (317) -2.6% News / Gift Shops 7,468 8,170 (702) -8.6% Car Rental 27,321 26,506 815 3.1% Leased Site Areas 4,428 4,112 316 7.7% Auto Parking / Ground Transportation 54,107 51,905 2,202 4.2% Advertising 620 393 227 57.8% State Aviation Fuel Tax 2,155 1,942 213 11.0% Military 80 105 (25) -23.8% Glycol Recycling Sales 238 334 (96) -28.7% Auxiliary Airport Fuel Sales 1,764 1,593 171 10.7% Other 4,447 965 3,482 360.8% Less: Airline Revenue Sharing (14,447) (13,459) (988) 7.3% Total Operating Revenues 302,011 300,835 1,176 0.4% Expenses Salaries & Wages 36,247 35,541 (706) -2.0% Employee Benefits 12,449 15,654 3,205 20.5% Maintenance Supplies 5,449 9,643 4,194 43.5% Automotive Supplies 2,580 3,959 1,379 34.8% Other Supplies 3,824 4,310 486 11.3% Insurance Premiums 3,447 3,892 445 11.4% Janitorial Service 11,474 15,668 4,194 26.8% Maintenance Contracts 4,596 6,599 2,003 30.4% Other Contractual Services 11,659 16,539 4,880 29.5% Professional & Tech Services 6,018 10,111 4,093 40.5% Utilities 5,174 5,075 (99) -2.0% Administrative Service Fees 5,219 5,068 (151) -3.0% Aircraft Rescue Fire Fighting 4,968 4,968 - 0.0% Police Services 9,641 9,641 - 0.0% Other Expenses 2,675 2,201 (474) -21.5% Contingency Reserve 267 1,000 733 73.3% Operating Expenses Before Capitalized Salaries 125,687 149,869 24,182 16.1% Capitalized Salaries 513 513 - 0.0% Total Operating Expenses 125,174 149,356 24,182 16.2% Operating Income 176,837$ 151,479$ 25,358$ 16.7% SALT LAKE CITY DEPARTMENT OF AIRPORTS (An Enterprise Fund of Salt Lake City Corporation) Operating Revenues and Expenditures to Prior Year (Unaudited) (Amounts in Thousands) DOLLAR PERCENT Jul 2024 - Feb 2025 Jul 2023 - Feb 2024 CHANGE CHANGE Revenues Landing Fees 57,700$ 41,695$ 16,005$ 38.4% Fuel Farm 2,425 1,519 906 59.6% Aircraft Remain Overnight Fees 454 238 216 90.8% Cargo Bldg & Ramp Use Fees 1,393 1,551 (158) -10.2% Extraordinary Service Charges 35 48 (13) -27.1% Passenger Boarding Bridges 1,333 1,278 55 4.3% Tenant Telephone Fees 37 34 3 8.8% Terminal Rents 129,766 64,946 64,820 99.8% General Aviation Hangars 763 715 48 6.7% FBO Hangars / Fuel Oil Royalty 510 483 27 5.6% Flight Kitchens 2,225 1,947 278 14.3% Other Buildings & Office Space 5,212 5,048 164 3.2% Food Service & Vending 11,977 11,313 664 5.9% News / Gift Shops 7,468 6,896 572 8.3% Car Rental 27,321 26,193 1,128 4.3% Leased Site Areas 4,428 4,014 414 10.3% Auto Parking / Ground Transportation 54,107 50,703 3,404 6.7% Advertising 620 388 232 59.8% State Aviation Fuel Tax 2,155 1,925 230 11.9% Military 80 78 2 2.6% Glycol Recycling Sales 238 346 (108) -31.2% Auxiliary Airport Fuel Sales 1,764 1,727 37 2.1% Other 4,447 2,017 2,430 120.5% Less: Airline Revenue Sharing (14,447) (9,809) (4,638) 47.3% Operating Revenues 302,011 215,293 86,718 40.3% Expenses Salaries & Wages 36,247 32,572 3,675 11.3% Employee Benefits 12,449 11,754 695 5.9% Maintenance Supplies 5,449 7,047 (1,598) -22.7% Automotive Supplies 2,580 3,018 (438) -14.5% Other Supplies 3,824 1,856 1,968 106.0% Insurance Premiums 3,447 3,087 360 11.7% Janitorial Service 11,474 11,604 (130) -1.1% Maintenance Contracts 4,596 4,425 171 3.9% Other Contractual Services 11,659 10,825 834 7.7% Professional & Tech Services 6,018 8,949 (2,931) -32.8% Utilities 5,174 5,293 (119) -2.2% Administrative Service Fees 5,219 3,958 1,261 31.9% Aircraft Rescue Fire Fighting 4,968 4,733 235 5.0% Police Services 9,641 7,783 1,858 23.9% Other Expenses 2,675 1,994 681 34.2% Contingency Reserve 267 8 259 3237.5% Operating Expenses Before Capitalized Salaries 125,687 118,906 6,781 5.7% Capitalized Salaries 513 367 146 39.8% Total Operating Expenses 125,174 118,539 6,635 5.6% Operating Income 176,837$ 96,754$ 80,083$ 82.8%