STL Surpasses Several Strategic Goals in FY2017
Posted on February 22, 2018 in Reports
St. Louis Lambert International Airport (STL) pushed passed the mid-point of its strategic plan by already surpassing some of the end goals in its five year plan, especially in the sectors of financial sustainability and air service. The Airport released its FY2017 strategic plan report that tracks deliverables across four major areas in addition to operational excellence.
2017 was marked by impressive growth in performance across many sectors. The FAA finalized its 2016 year-end Passenger Statistics that showed STL was the 7thfastest growing airport in the U.S. based on enplanements. That growth continued through the rest of the fiscal year, where the Airport saw total passenger growth hit 14.36 million, an increase of nearly eight percent. It’s the best performance of growth in nearly a decade. New flights to Charleston, SC and Pensacola, FL helped drive these positive trends.
STL continued to drive down costs leading to a Cost per Enplaned Passenger (CPE) to just over $11. Stronger non-aeronautical revenue coupled with stronger airfield activity (airfield operations and passenger increases) led to lowering terminal rental rates and landing fees. A major debt refunding and improved bond ratings also emphasized the Airport’s increasing financial health.
This past year we have also focused on expanding our economic impact to new local partners through our efforts of the Business Diversity Development office. Greater outreach and engagement with potential Minority Business Enterprise (MBEs) and Women Business Enterprise (WBEs) firms led to increased certifications. Furthermore, MBE and WBE firms saw a 10 percent increase in construction and professional services spending through Airport contracts-from 39 to 49 percent -over the last year.
STL's strategic plan is built on a foundation of operational excellence. The Airport’s annual certification process found no discrepancies on our FAA regulated operations. Major environmental sustainability efforts -especially those that also reduced core expenses like electricity-are yielding positive results and state-wide recognition.
We are seeing major successes in a majority of the plan’s key metrics with airline service growth, better community engagement, improved financial outlooks, broader economic impact and sustained safe and efficient operations. View the full report, below.