Earnings for Sunshine Coast Airport set to soar
  • Tuesday 30 June 2009

Earnings for the Sunshine Coast Airport are expected to climb 32% in the next 12 months, despite forecasts of modest growth in passenger numbers.

The Sunshine Coast Council’s Budget released today shows the airport continues to be a stellar performer for the region.

Mayor Bob Abbot said the airport’s revenue was expected to rise to nearly $14 million in 2009-2010 and provide a return to council of $4.5 million.

Cr Abbot said it was an excellent result, achieved through diversifying the airport’s income base and keeping a lid on costs.

“For example aeronautical fees and charges have been limited to CPI increases and car parking fees haven’t risen for the past three years,” he said.

“Next year the airport will fund $12.3 million in capital works.

“That will include finishing the terminal upgrade, improving security, providing new infrastructure and building new covered car parking spaces.”

Airport General Manager Peter Pallot said passenger numbers are predicted to grow modestly next year to 950,000 representing a strong challenge to both the airport and to tourism in general for the next year.

“The business will continue to work with the tourism organisations in the region and airline partners to promote the Sunshine Coast whilst working hard to provide locals with vital links for business and community connectivity,” Mr Pallot said.

“The strong financial performance of the airport is a result of the maturing of capital investments in the new terminal redevelopment and resultant retail income, new car parking products and an increase in proposed property development.

“With passenger growth of less than 3%, the airport has had to find ways of staying competitive with other airports for available flights, whilst providing a level of service expected of a quality destination like the Sunshine Coast.

"Sunshine Coast residents make up 40% of all passengers using the airport facility and we are still committed to trying to provide better business connectivity both to the north and south.”