Operating revenues at Denver International
Airport increased 2% in 2008, thanks largely to a 2.8% increase in
The airport’s 2008 audited financial
statements, published Wednesday, showed operating revenues rose
$10.6 million to $540.8 million last year.
Operating expenses exclusive of depreciation
increased 28.6%, or $83 million, to $373.8 million. The increase
in operating expenses was largely attributable to a $56.2 million
increase in repair and maintenance projects.
facility has been open nearly 15 years, and there have recently
been some major repair and remodel projects completed, which under
accounting rules had to be expensed,” said Stan Koniz, the
airport’s deputy manager for Finance and Administration. “We
expect this trend to continue through 2010.”
increases in operating expenses resulted from higher costs for
personnel, supplies, and contractual services. Many of those were
attributable to DIA’s increased snow-removal efforts.
Non-operating expense net of non-operating revenue decreased
$4.1 million. Non-operating expenses were adversely impacted by an
$18.6 million increase in interest expense related to the
disruption in the auction bond and variable-rate bond markets in
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