HomeMy WebLinkAboutItem I06 I6
BOARD OF COUNTY COMMISSIONERS
COUNTY of MONROE Mayor James K.Scholl,District 3
The Florida Keys Mayor Pro Tern Michelle Lincoln,District 2
Craig Cates,District 1
David Rice,District 4
Holly Merrill Raschein,District 5
Board of County Commissioners Meeting
September 10, 2025
Agenda Item Number: I6
2023-4444
BULK ITEM: No DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland
N/A
AGENDA ITEM WORDING: Approval of the FY 2026 Airline Rates and Charges for the Key West
International Airport, effective October 1, 2025. For FY 2026, the Terminal rental rate is $71.41 per
square foot($3.47 decrease from the FY 2025 mid-year terminal rental rate); the Landing Fee Rate is
$5.15 ($0.62 increase over the FY 2025 mid-year landing fee rate); and the Checkpoint Security Charge
is $2.60 per enplaned passenger($0.10 increase over the FY 2025 mid-year checkpoint security
charge). The average Airline Cost per Enplaned Passenger(CPEP)will be $14.99 ($0.76 increase over
the FY 2025 mid-year CPEP).
ITEM BACKGROUND:
As part of the Airport's annual budget process,Newton &Associates, Inc. has updated the Airport's
Rates and Charges. All airlines received the FY 2026 Budget Rates and Charges on August 1, 2024,
and on August 18, 2025, a meeting was conducted with the Airlines to discuss the FY 2026 Budget
Rates and Charges. Participating Airline representatives were from American, Delta and United. A
mid-year review and a final year-end reconciliation will be conducted based upon the rate structure in
place with the airlines. Airline underpayments will be billed to the air carriers and overpayments will
be refunded by the Airport via credits to air carriers' invoices.
PREVIOUS RELEVANT BOCC ACTION:
Approval of annual Airline Rates and Charges each year if changes are made.
INSURANCE REQUIRED:
No
CONTRACT/AGREEMENT CHANGES:
New Airline Rates and Charges.
STAFF RECOMMENDATION: Approval.
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DOCUMENTATION:
EYW FY26 Budget Airline Rates & Charges.pdf
FINANCIAL IMPACT:
Revenue Producing: Yes
Approx. $11,943,950.00 for FY 2026
Effective Date: 10/01/2025
Expiration Date: 09/30/2026
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Page 1
KEY WEST INTERNATIONAL AIRPORT
FY 2026 BUDGET RATES&CHARGES
SUMMARY
Mid-Year Budget BUDGET BUDGET
FY 2025 FY 2026 Variance$ Variance%
Total Airport Operating&Maintenance Expense $14,412,722 $15,578,764 $1,166,042 8.09%
Total Airport Capital Expense 720,219 1,076,272 $356,053 49.44%
Total Airport Operating,Maintenance&Capital Expense $15,132,941 $16,655,036 $1,522,095 10.06%
TERMINAL REQUIREMENT:
Terminal Requirement $5,297,712 $5,707,936 $410,224 7.74%
Total Productive Space 30,782 0 -30,782 -100.00%
Total Rentable Space 39,968 79,936 39,968 100.00%
Total Prod ucive/Rentable Space 70,750 79,936 9,186 12.98%
Terminal Rental Rate Per Square Foot $74.88 ($3.47) -4.64%
Mid-Year Rate-6 months $66.00 0.00%
Airline Square Footage-Occupied 49,098 61,672 12,574 25.61%
Airline Vacant Space 953 953 0 0.00%
Airline Terminal Rentals-Occupied $3,619,224 $4,403,771 $784,547 21.68%
Airline Direct Bill Amortization Charge 0 96,271 96,271 NA
Total Airline Terminal Rentals and Charges-Occupied $3,619,224 $4,500,042 $880,818 24.34%
Airfield:
Net Airfield Requirement $4,825,540 $5,094,544 $269,004 5.57%
Total Aircraft Landed Weight 1,063,443 988,443 (75,000) -7.05%
Airfield Landing Fee Rate Per 1,000 Pounds $4.54 $0.62 13.59%
Mid-Year Rate-6 months $5.23 0.00%
Passenger Aircraft Landed Weight 1,060,000 985,000 (75,000) -7.08%
Passenger Airline Landing Fees $4,809,916 $5,076,798 $266,882 5.55%
Net Passenger Boarding Bridge Requirement $122,500 $295,000 $172,500 140.82%
Net Passenger Boarding Bridge Charge Per PBB $15,313 $36,875 $21,563 140.82%
Security Direct Bill Charge Allocated to Airlines $1,822,367 $2,072,110 $249,743 13.70%
Estimated Direct Bill Per Passenger $2.50 �; $0.10 4.00%
Enplaned Passengers 729,000 797,000 68,000 9.33%
Security Reimbursement Direct Bill PEP Charge $2.50 $0.10 4.00%
Total Estimated Airline Payments $10,374,007 $1,569,943 15.13%
NA
Total Cost Per Airline Enplaned Passenger $14.23 $0.76 5.31%
Newton&Associates,Inc. 8/1/2025
FY 2026 Budget RC Model 08-01 2025-Airline Package.xls
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