Bob Hope Airport cut down expenses and beat revenue expectations in the last fiscal year, according to a report issued Monday that marked a turnaround in what had been a string of bad news.
The airport reduced operating costs by cutting $2.6 million in areas such as parking services, electricity and water bills. Meanwhile, conservative predictions on how much the airport would earn resulted in the topping revenue expectations by an estimated $1.3 million.
"We're quite happy," said Frank Quintero, president of the governing Burbank-Glendale-Pasadena Airport Authority. "It appears that air travel is up compared to expectations, and we're still cutting back on expenses."
Airport spokesman Victor Gill said the positive numbers can be attributed as much to careful estimates as to robust air travel activity.
The airport saw a 6% decrease in passengers in the fiscal year ending June 30, from 4.82 million to 4.51 million, according to airport authority.