Market Trends: A Three Minute video with Dan Mann of the Columbia Airport
November 26, 2012
MidlandsBiz sat down with Dan Mann, Executive Director of the Columbia Metropolitan Airport, to talk about how the recent refinancing of $10M worth of revenue bonds to general obligation bonds will help the airport reduce costs by over $3.8M over the life of the loan ($250,000 a year).
Cost cutting measures such as these help the airport reduce a key metric in its business model – cost per passenger. When cost per passenger is competitive with other airports, airlines such as Delta are more willing to put larger aircraft and offer lower fares.
Traffic is up 3% this year.
