The Authority did report revenues in excess of $60,000 from terminal retail and food sales, but revenue from airport operations and parking and car rentals declined.
In all, the report showed a $300,000 gap between airport revenues and expenses.
Described by O'Donnell as a "lot of negatives," the report sparked a brief debate by Authority board members and officials about actively recruiting new, competitive airlines.
"We need to keep recruiting as much as we can. If you look at all the major airlines, outside Southwest and Jet Blue, hardly any have aircraft on order," said Hadley. Southwest is currently Albany International's best performing airline. Jet Blue does not fly out of Albany.
The Authority also voted to accept the final environmental impact statement for the removal and relocation of the Latham Water District's two elevated towers at Utica Avenue. The airport will replace the towers with a new elevated tank, not to exceed adjacent tree height, at an 11-acre site in Loudonville, adjacent to the city of Albany's Loudonville reservoir. The replacement will include the new tank and the installation of 24-inch and 36-inch water mains.