THE PORT AUTHORITY OF NY & NJ

Press Release Article


PASSENGER ACTIVITY AT PORT AUTHORITY AIRPORTS SETS NEW RECORD FOR FOURTH CONSECUTIVE YEAR

Date: Jan 25, 2017
Press Release Number: 14-2017

More than 130 million air passengers welcomed in 2016

Increase spurs economic activity and underscores demand for the Port Authority’s comprehensive airport modernization programs

Passenger levels again reached record heights at the New York/New Jersey metropolitan airports in 2016, with more than 130 million air passengers – approximately 6 million, or 4.7 percent, more than in 2015 – using the world's busiest airport system.

The 2016 figures marked the fourth consecutive year of record-setting passenger numbers at the agency’s airports, which include John F. Kennedy International (JFK), Newark Liberty International (EWR), LaGuardia (LGA), Stewart International (SWF), and Atlantic City International (ACY) airports.

The agency's airports served a record 130.2 total and 45.6 million international passengers last year. At the three major regional airports:

Port Authority Executive Director Pat Foye noted that the strong and consistent growth in air passengers illustrates the importance of the agency’s proposed $32.2 billion 2017-2026 capital plan recently introduced by the Port Authority Board of Commissioners for public review and comment, prior to a board vote at its February 16 meeting

The proposed plan dedicates $11.6 billion, or 36 percent of the total plan, to airport modernization and improvements, including funding for new terminals, infrastructure and critical state-of-good-repair work. The proposed Port Authority investment will also catalyze billions of dollars of private sector investment at the airports by airlines, cargo companies, and other private sector participants.

"Our airports are invaluable regional assets that serve as linchpins of our regional economy, supporting nearly 600,000 jobs and generating about $85 billion in annual sales – numbers that grow every year along with passenger totals," Foye said.

The Port Authority’s airport modernization program involves a series of major redevelopment projects:

Newark Airport’s Terminal A Redevelopment Project is expected to generate 9,000 jobs, $600 million in wages and $3.3 billion in economic activity over the life of the project, and the LaGuardia Airport Redevelopment Program is expected to support 18,200 jobs, generate $1.3 billion in wages and $5.2 billion in economic activity.

"Behind these remarkable numbers – more than 130 million people and more than two million tons of cargo on about 1.3 million annual flights – are the most talented airport professionals in the world,” Port Authority Aviation Director Huntley A. Lawrence said. “I thank our many partners in the private and public sector with whom we share our success, and our loyal customers who demand and deserve our best."

Final official passenger numbers for 2016 will be published by the agency later this quarter.

Contact:
The Port Authority of New York and New Jersey?
212-435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.