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Dedication. Determination. Delivery

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Dedication. Determination. Delivery Dedication. Determination. Delivery. 20112011 ANNUAL REVIEW ContentsContents AboutAbout the Airports Authority 3 CChairman’shairman’s LetteLetterr ThThee MMetropolitanetropolitan WWashingtonashington AiAirportsrports 5 MManagement’sanagement’s MMessageessage Authority operates WashinWashingtongton Dulles IInternationalnternational and Ronald Reagan 7 AAviationviation EEnterprisenterprise WWashingtonashington NNationalational AiAirports.rports. IInn WWashingtonashington Dulles addition,addition, it operates the Dulles Toll International Airport Road and is the ffinancialinancial managemanagerr RRonaldonald RReaganeagan WWashingtonashington aandnd bubuilderilder of ththee MMetrorailetrorail eextensionxtension tthroughhrough the Dulles Corridor, known as NNationalational AiAirportrport tthehe SSilverilver Line. 22 DDullesulles Corridor EnterprisEnterprisee Dulles CCorridororridor At the core ooff these vital enterenterprisesprises MMetrorailetrorail PProjectroject aarere 1,500 AiAirportsrports AAuthorityuthority empemployeesloyees wwhoho work side by side with our airline Dulles Toll Road aandnd contractor ppartners,artners, and stastaffff ffromrom 2266 EEmployeesmployees in ServicServicee federal, state and local ggovernmentsovernments 28 FFinancialinancial SSummaryummary aandnd municipalities. ThrouThroughoutghout this 38 BBoardoard ooff DirectorDirectorss yyear’sear’s Annual Review, we are proud ttoo feature stories of their dedicationdedication,, 39 MManagementanagement ddeterminationetermination and delivery to the people ooff the GGreaterreater Washington region and to vvisitorsisitors frfromom aallll ooverver ththee wworld.orld. 2 Metropolitan Washington Airports Authority | 2011 Annual Review Chairman’s Letter in the Falls CChurchhurch and Tysons CCornerorner communities, as well as the commuters on the Dulles Toll Road, are ververyy ffamiliaramiliar with the progress of the rail project. Almost every day it seems like a new section of the project is nearinnearingg completion. TThehe success of the airports and the rail pprojectroject should not be taken for ggranted.ranted. TThehe residents ooff the reregiongion deserve credit for their ongoing support of Dulles Inter-Inter- AsAs Chairman of the MetropolitanMetropolitan nationalnational andand ReaganReagan NationalNational Airports,Airports, thethe WashingtonWashington Airports Authority, I am proud TollToll Road and the Dulles Metrorail project.project. toto present our 2011 AnnualAnnual Review.Review. IItt not MyMy ffellowellow volunteer Board Members are to onlyonly brings to life the events and milestones be commendedcommended forfor thethe enormousenormous timetime andand thatthat marked another successfulsuccessful yearyear forfor us, energyenergy donated to the Airports Authority. butbut alsoalso illustratesillustrates thethe DedicationDedication, DDeliveryelivery AndAnd our nearly 1,500 staffstaff members de-de- andand DeterminationDetermination of all our employees serveserve recognition for the wonderful job they andand partnerspartners whose contributions made our do operatingoperating two world-class airports while success a reality.reality. buildingbuilding one of the largest infrastructure projectsprojects inin tthehe nation.nation. RonaldRonald ReaganReagan WashingtonWashington NationalNational AirportAirport set a new record with 18.8 million ToTo be clear, however, we certainlycertainly do passengers served.served. WashingtonWashington DullesDulles notnot take our success for granted, and InternationalInternational AirportAirport alsoalso hadhad a very wewe constantly look for ways to improve. strongstrong year with 23.2 million passengerspassengers TheThe transportation industry,industry, like everyevery served,served, includingincluding a 1.6 percent increaseincrease inin otherother businessbusiness arena, isis gettinggetting more internationalinternational travelers.travelers. competitive everyevery day.day. If our airports are goinggoing to continue to be leaders in the In addition, the Airports AuthorityAuthority made industry,industry, we must continuallycontinually worworkk to greatgreat progress inin constructingconstructing thethe makemake them more efficient,efficient, more revenue DullesDulles Metrorail project. Phase 1 of the driven and more convenient. EveryoneEveryone construction,construction, which started in 2009,2009, associatedassociated withwith thethe AirportsAirports AuthorityAuthority shouldshould bebe completedcompleted byby 2013. TravelersTravelers understandsunderstands this challenge, and we plan to 3 Metropolitan Washington Airports Authority | 2011 Annual Review dodo everythingeverything in our power to improve ourour ServingServing as Chairman of the Metropolitan policies,policies, processes andand procedures.procedures. WashingtonWashington Airports Authority is a greatgreat honor.honor. I understandunderstand howhow mucmuchh tthishis TheThe WashingtonWashington area has always been a regionregion and the nation depend on the leaderleader in aviation. In the earlyearly 1900s, the continued strengthstrength of this body. SpeakingSpeaking WrightWright brothers tested their first airplanes on behalf of my fellow Board Members, onon the groundsgrounds of Fort Myer in Arlington,Arlington, the executive leadershipleadership of the AirportsAirports Va.Va. PresidentPresident FranklinFranklin RooseveltRoosevelt ttookook a AuthorityAuthority and our outstandingoutstanding staff,staff, I greatgreat personalpersonal interestinterest inin thethe developmentdevelopment promisepromise we willwill continuecontinue to dodo everythingeverything ofof what is now called Ronald ReaganReagan in our powerpower to maintain the leadershileadershipp WashingtonWashington National Airport and spoke positionposition that has been so carefullycarefully built up atat thethe grandgrand openingopening on JuneJune 16, 1941. over thethe lastlast 25 years.years. WashingtonWashington Dulles International Airport waswas ridiculed by many as beingbeing too remote whenwhen it opened in 1962. Today, of course, itit is widely regardedregarded as an architectural treasuretreasure and one ofof the world’s greatestgreatest MichaelMichael A. CurtoCurto airports.airports. WeWe are now absorbedabsorbed inin tthehe ChairmanChairman constructionconstruction of the Metrorail projectproject to DullesDulles International and Loudoun County.County. ThisThis is an expensive and difficult project to undertake, but it is instrumental in helpinghelping thisthis regionregion maintain its leadership in nationalnational andand globalglobal travel.travel. “ We will continue to do everything in our power to maintain ththee lleadershipeadership position tthathat hashas bbeeneen so carefullycarefully builtbuilt up ooverver the last 25 yyears.”ears.” 4 Metropolitan Washington Airports Authority | 2011 Annual Review Management’s Message in 2013. In part, the Airports Authority’s operoper-r- ation of one of the region’s most important hhighwayighway arteries, the Dulles Toll Road, allows it ttoo finfinanceance ththee MMetrorailetrorail eextension.xtension. TTwowo new aairir servserviceice recorrecordsds were set at Dulles International and ReaReagangan National AAirportsirports durinduringg 2011. Dulles International, the WWashingtonashington regregion’sion’s llargestargest aairportirport servservinging 23.2 million passenpassengers,gers, set an all-time hihighgh ooff 6.5 million international passengers, a 1.6 perper-r- JohnJohn E. Potter MargaretMargaret E. McKeoughMcKeough cent increase from 2010. International traffic at the airport has risen everyevery yearyear since 2003. TheThe Metropolitan WashingtonWashington Airports ReaganReagan National also set a new record servingserving AuthorityAuthority makes an ongoingongoing commitment to 18.8 millionmillion passengers, a nearlynearly 4 percent deliveringdelivering world-classworld-class transportationtransportation to our increase ffromrom 2010 and sisignificantlygnificantly greatergreater region’sregion’s residents and visitors. That commit-commit- than last year’s national averageaverage growthgrowth rate mentment waswas nevernever moremore evidentevident thanthan in 2011.2011. of 1.5 percent. We view these passenger numbersnumbers as a positivepositive economic indicator forfor DuringDuring 2011, WashingtonWashington DullesDulles InternationalInternational our Aviation EnterpriseEnterprise as well as for our airline andand Ronald ReaganReagan WashingtonWashington National partnerspartners wwhoho havehave beenbeen worworkingking diligentlydiligently to AirportsAirports served more than 42 million pas-pas- returnreturn to profitability.profitability. sengers. TheThe AirportsAirports AuthorityAuthority mademade great strides in constructingconstructing the Metrorail extension Despite a challengingchallenging economy, the Airports alongalong the Dulles Corridor. The project is on AuthorityAuthority acachievedhieved success iinn maintainingmaintaining target,target, with the first phase scheduled to open its AA credit ratingsratings fromfrom principal credit “ TheThe AirportsAirports Authority’s achievements in 2011 were the ddirectirect result of our ememployees’ployees’ contributions … we salute their DDedication,edication, applaudapplaud their Determination and aappreciateppreciate ttheirheir Delivery of totop-qualityp-quality work for the AirAirportsports Authority.” 5 Metropolitan Washington Airports Authority | 2011 Annual Review agencies.agencies. The Airports Authority’s bonds are seservicervice initiinitiativeative wwasas llaunchedaunched
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