Stan Kathol is the lead accountant at the Omaha Airport Authority (OMA).
Stan brought us up to speed on the OMA Master Plan.
The next expansion is Terminal expansion for $16M.
Airlines have changed their business models to make every flight pay. There has been a 14.2% reduction of flights in the industry the last few years. OMA is considered a Medium Hub.
The entire industry had been down but Omaha is up 3% already this year.
Over the years the Master Plan gives the OMA a phased approach to growth.
As OMA passenger volume grows, revenues grow as well. OMA is not a taxable entity. OMA collects rents and revenue share from the airlines and vendors. There is also money from the government transportation fund.
Thanks Stan for all the interesting information.