Revenues
Airfield 115,151
Airfield Support 225,680
Terminal 162,815
Misc 136,291
Total Revenues 639,937
Expenditures
Salaries 629,303
Maintenance 720,361
Capital 3,669
Debt Service 486,776
Fringe 272,961
Total Expenditures 2,113,070
Net Loss 1,473,133
Since the debt service is 486,776, the operating deficit is 986,357. Per the current agreement, MassPort pays 67% (660,859) and Worcester pays the balance or 325,498. If you add debt service and our portion of the operating debt, that equates to 812,274 over 9 months or 90,252 per month or 20,827 per week.
7 comments:
I have noticed the airport traffic, atleast what is left, is going down, according to flightaware. Today we had 0 landings and 1 departure! We used to have 4 or 5 of both a while ago. Worcester needs to really get going.
Dave from Worcester:
I am not surprised to see this from the comments on this blog from tenants of the airport and pilots who utilize ORH. How many times have we seen comments in regards to the high price of fuel? As of last month board minutes the hangar problems still had not been resolved.
Following the plan I published last year would have shown a Net Profit of $153,161
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Charley Farley
I understand. We just got the first Boeing 732 in about 6 months to charter here tonight. This bird use to be common to ORH.
Ohh yeah, and you can call me Dave :)
Never heard of a Boeing 732? Do you mean the Airtrans B-757 that flew in a few days ago?
Well, today was a fairly busy day. About 10-15 landing and departures, what we should see more, but do not. Ever since I mentioned the 732, 3 have visited ORH in the past week.
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