Page 21 - BAA CAFR 2017

BIRMINGHAM AIRPORT AUTHORITY
Management's Discussion and Analysis (Unaudited)
Fiscal Years Ended June 30, 2017, 2016, and 2015

The following Management Discussion and Analysis (MD&A) of the Birmingham Airport
Authority ("the Authority") presents a narrative overview of the financial activities of the
Authority, which operates the Birmingham-Shuttlesworth International Airport (“the Airport”),
for the fiscal years ended June 30, 2017, 2016, with selected comparative information for the fiscal
year ended June 30, 2015.

Following this MD&A are the basic financial statements of the Authority and the notes to the
financial statements. The report includes the following three basic financial statements: the
statements of net position, the statements of revenues, expenses and changes in net position, and
the statements of cash flows. The accompanying notes to the financial statements are essential to
a full understanding of the data contained in the financial statements.

AIRPORT ACTIVITIES AND HIGHLIGHTS

Activities at the Airport during Fiscal Year 2017 increased by 2.0% for Air Carrier Landing
Weight. Enplanements, Total Passengers, and Air Carrier Operations fell by (1.0%), (1.0%), and
(2.0%) respectively. Several of the most common indicators of activity during fiscal years 2017,
2016, and 2015 appear below:

2017 2016 2015

Enplanements 1,336,065 1,349,032 1,330,235
% increase / (decrease) (1.0%) 1.4% 1.7%

Total Passengers 2,668,010 2,694,995 2,662,197
% increase / (decrease) (1.0%) 1.2% 1.9%

Air Carrier Operations 37,706 38,492 37,630
% increase / (decrease) (2.0%) 2.3% 0.9%

Air Carrier Landing Weight 1,656,428 1,624,706 1,635,170
% increase / (decrease) 2.0% (0.6%) (0.4%)

Most of these decreases are attributed to the Birmingham area economy lagging behind the
national economy with a job growth rate of (1.0%).

As of June 30, 2017, four major passenger carriers, ten regional carriers, and three regularly
scheduled all-cargo carriers served the Airport.

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