Tagpos_rm_2023_08_08(3)

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.

This is the agenda for the Port of Seattle Commission Regular Meeting held on August 8, 2023, covering a range of business items related to port operations, infrastructure, and finance. Key topics include authorization for construction and design work at Seattle-Tacoma International Airport, cruise terminal upgrades at Pier 91, redevelopment of Terminal 91 berths, custodial service contract expansions at Sea-Tac, and a Q2 2023 financial performance briefing. Note that this agenda does not directly address airport noise policy matters.

This August 2023 Port of Seattle Commission briefing reports the financial results for the second quarter of 2023, showing overall operating revenues of $462 million — $8.3 million above budget and nearly $100 million higher than the same period in 2022. Strong performance was driven by higher revenues from public parking, rental cars, airport commercial properties, and cruise operations, while total operating expenses came in $15.7 million under budget. Net operating income before depreciation reached $197.3 million, exceeding budget by $23.9 million.