The Port of Seattle's Q2 2023 Financial Performance Report, covering activity through June 30, 2023, shows airport passenger volumes rebounding to 8.8% above 2022 levels, though still 3.4% below pre-pandemic 2019 figures. Overall operating revenues came in $8.3 million above budget while operating expenses ran $15.7 million under budget, resulting in a strong net operating income before depreciation of $197.3 million. The report also highlights the 2023 cruise season, maritime operations, and ongoing environmental initiatives such as shore power connections to reduce diesel emissions from docked vessels.Open full document
Notes
The Port of Seattle’s Q2 2023 Financial Performance Report covers financial results through June 30, 2023, including portwide, aviation, maritime, economic development, and central services divisions. Operating revenues were $8.3M or 1.8% above budget, while expenses were $15.7M or 5.6% lower than budget. Key highlights include rebounding airport passenger volumes, a strong cruise season, and higher-than-expected non-aeronautical revenues.