The Port of Seattle's Q1 2022 Financial Performance Report, covering January through March 2022, shows the organization still recovering from COVID-19 impacts, with airport passenger volumes rebounding but running about 7.6% below 2019 levels. Total operating revenues reached $166.6 million, exceeding budget by $21 million, driven largely by federal concessionaire relief grants and stronger-than-expected parking revenue. The report also highlights record cruise activity, rising grain volumes, and continued community investment programs including environmental grants for urban restoration projects.Open full document
Notes
The Port of Seattle’s Q1 2022 Financial Performance Report covers the period ending March 31, 2022, summarizing financial results across Aviation, Maritime, Economic Development, and Central Services divisions. Key highlights include rebounding airport passenger volumes, a record 295 cruise sailings scheduled, and total operating revenues of $166.6M against a budget of $145.7M. The report also notes continued COVID-19 recovery impacts and the launch of the second year of the Environmental Grants Program.