Branson Airport has reported a new decline in the number of passengers, for the third year in a row as the private airport is losing clients.
Flying has become one of the most common traveling practices. As such, the number of airports and companies has been growing. This has also led to an increased competition amongst air carriers.
Still, they can come with new offers and flight options. The same cannot be said for airports. Branson Airport is unique in itself. It is the only privately owned and operated aiport in the United States.
The airport is open to public use. It is located in the vicinity of Branson. This is a city located in Taney County, Missouri. The Branson Airport LLC own it. It was opened back in 2009 and has remained the only such airport.
However, things have not been going too smoothly for the airport. End of year results marked the drop in the number of passengers using their services. Not only that, but this is the third consecutive yearly drop.
Reports showed a 63.5 percent decline in numbers when compared to 2015. The numbers were registered for the January to October time period. Over the 10 months span, 5,149 passengers boarded a plane from Branson.
The airport was meant to ensure a more direct route. It should have offered a better-traveling solution for the southwest Missouri tourist destinations.
Branson Airport reported 2013 as being its peak year. At the time, they registered over 113,500 passengers. But in 2014, it lost its two mainline air carriers. Frontier Airlines and Southwest Airlines pulled out of the market.
Monthly reports show a complete lack of passengers for April, March, and February. July was the airport’s busiest month.
Branson reported 1,332 people boarding a plane. The figure still falls short when compared to the same month in 2015. Back then, the airport registered 3,303 passengers.
The Branson Airport commercial service ran until late last month. However, November reports are as yet unavailable. Still, it is quite unlikely that the month could make a difference.
Even an increased number of passengers in November would not help reach the 2015 figures.
These numbers and figures were included in the Branson Airport reports. They were made publicly available for its shareholders. Reports also went to indicate financial numbers.
As such, Branson Airport LLC reported its net loss. The $11 million value pertain to 2016’s first three quarters.
Jeff Bourk, the Branson Airport Executive Director, went to offer details. According to him, the airport is working on the 2017 offerings. These will be targeting to expand service.
Earlier this month, the Taney County Partnership touted the economic benefits of the airport. Taney County Partnership is a public-private group.
They declared to trying to spur investments in a fund. This latter would return service to the key markets. Taney County Partnership is reportedly working with a committee in order to achieve this goal.
Their efforts would include a public sector contribution of $1 million. It would also feature a private-sector investment. This latter would include an undisclosed but reportedly significant value.
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