Commissioners and executives credited continual fiscal discipline in spending throughout the organization for the positive results.
“We must protect the port’s ability to generate jobs and economic growth – our role is more important than ever,” said Commission President Bill Bryant. “We crafted a disciplined budget, and we’re keeping to it.”
Operating revenues were down slightly for the quarter, in part because of lower revenues from security grants, parking, and rental cars, but enplanements at Sea-Tac Airport were nearly five percent higher than expected.
Several capital projects were completed during the quarter, including improvements to the airport baggage system, the Terminal 91 roadway pavement replacement, and the north dock fender system project at Fishermen’s Terminal. The Rental Car Facility project also hit a major milestone – it is now ready for tenant improvements and is nearing completion.