Delta Airlines 2010 Annual Report Download - page 408

JFK International Air Terminal LLC
2010 Annual Operating Budget
($000's)
Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Total
Income:
Enplanement — Signatories $ 3,766 $ 3,996 $ 3,872 $ 3,418 $ 4,109 $ 4,356 $ 4,690 $ 4,756 $ 4,935 $ 5,151 $ 4,377 $ 4,361 $ 51,787
Enplanement — Contracted 5,547 5,271 6,700 5,452 6,410 6,725 6,867 6,931 8,174 8,371 6,633 6,284 79,367
Enplanement — Arrivals Only 107 112 94 75 75 82 88 75 88 82 75 94 1,048
Enplanement — Domestic 348 472 366 338 414 489 531 575 627 627 314 321 5,421
Total Enplanement 9,768 9,851 11,032 9,283 11,008 11,652 12,177 12,338 13,823 14,231 11,399 11,060 137,622
Other Airline Charges 296 307 307 307 307 307 307 307 307 307 307 342 3,712
Handling Fees 271 334 316 287 314 263 273 273 301 301 269 278 3,481
Counter Charges 237 254 254 219 247 247 254 249 274 273 245 239 2,993
Base Rent Exclusive Space 3,234 3,180 3,302 3,408 3,191 3,181 3,089 3,115 3,060 3,069 3,143 3,131 38,102
Total Airline Revenue 13,807 13,926 15,211 13,505 15,068 15,650 16,100 16,282 17,765 18,181 15,364 15,049 185,910
Retail Revenue 2,173 2,508 2,361 2,232 2,544 2,533 2,383 2,570 2,586 2,655 2,485 2,357 29,387
Other Income 27 27 35 35 38 38 38 33 33 33 38 33 407
Total Income $16,007 $16,461 $17,608 $15,772 $17,649 $18,221 $18,521 $18,885 $20,384 $20,870 $17,886 $ 17,439 $215,704
Expenses:
Personnel $ 512 $ 1,303 $ 519 $ 522 $ 520 $ 602 $ 520 $ 742 $ 519 $ 518 $ 521 $ 1,180 $ 7,977
Maintenance 826 859 931 902 1,006 1,111 1,049 1,009 914 1,045 857 865 11,374
Outsourced Labor 1,262 1,259 1,417 1,275 985 1,004 1,011 1,024 1,024 996 990 1,053 13,300
Utilities 674 761 754 622 717 564 455 709 1,537 1,896 2,041 1,199 11,927
General & Administrative 256 530 510 520 507 923 569 432 527 419 507 282 5,981
Ground Rent 1,419 1,475 1,475 1,475 1,475 1,475 1,475 1,475 1,475 1,475 1,475 1,475 17,648
Total Operating Expenses 4,949 6,187 5,606 5,316 5,211 5,679 5,080 5,391 5,996 6,349 6,391 6,054 68,207
Net Operating Income 11,058 10,274 12,002 10,456 12,439 12,542 13,441 13,494 14,389 14,521 11,496 11,385 147,497
Facility Rent 5,933 5,942 5,942 5,942 5,942 5,942 5,942 5,942 5,942 5,942 5,942 5,940 71,296
Net Income Before Interest 5,125 4,332 6,060 4,514 6,497 6,600 7,499 7,552 8,446 8,578 5,554 5,445 76,201
Interest Income 1 1 1 1 1 1 1 1 1 1 1 1 6
Net Income Prior to Reserves 5,126 4,332 6,060 4,515 6,497 6,601 7,499 7,552 8,447 8,579 5,554 5,445 76,207
Payments to MM&R Reserve — 132 132
Payments to O & M Exp.
Reserve — 61 61
Net Income Prior to Sub.Pay
Obligations 5,126 4,332 6,060 4,515 6,497 6,601 7,499 7,552 8,447 8,579 5,554 5,252 76,014
Subordinated Payment
Obligations — — — — — 4,791 — — — — — 13,712 18,503
Net Income Prior to Terminal
Mgt Fee 5,126 4,332 6,060 4,515 6,497 1,810 7,499 7,552 8,447 8,579 5,554 (8,460) 57,511
Terminal Management Fee — — — — — 1,554 — — — — — 1,554 3,108
Net Inc. Prior to Add'l
Contingent Oblig. 5,126 4,332 6,060 4,515 6,497 256 7,499 7,552 8,447 8,579 5,554 (10,014) 54,403
First Additional Land Rent — — — — — 1,375 — — — — — 1,375 2,750
Retail Management Fee — — — — — 610 — — — — — 639 1,249
Net Income Prior to Payments
to CIR 5,126 4,332 6,060 4,515 6,497 (1,730) 7,499 7,552 8,447 8,579 5,554 (12,028) 50,403
Payments to Capital
Improvement Res. — — — — — 933 — — — — — 1,464 2,397
Net Cash Flow $ 5,126 $ 4,332 $ 6,060 $ 4,515 $ 6,497 $ (2,663) $ 7,499 $ 7,552 $ 8,447 $ 8,579 $ 5,554 $(13,492) $ 48,006