Q1-2022 Performance Report

The Port’s first quarter results still reflect the effects of COVID-19 with lines of businesses showing different rates of recovery. Airport passenger volume continue to rebound and expected to be 7.6% lower than 2019. Federal relief funds allow the airport to extend relief to concession tenants and improve the financial outlook for the Aviation division. The 2022 cruise schedule was announced in February with a record 295 scheduled sailings and an estimated 1.26 million revenue passengers. Grain volumes is up 6% year over year and is expected to exceed budget while Conference and Event Centers is experiencing a slower rate of recovery. The Port continues to implement planned initiatives and programs to help communities hardest hit by the pandemic. This includes the launch of the second year of funding under the Environmental Grants Program. Eighteen organizations will receive grants to support projects related to urban forest restoration, park trails maintenance, youth environmental stewardship, community garden improvements, and installation of a public bicycle skills track. PORTWIDE FINANCIAL SUMMARY
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