Wednesday, March 10, 2010

Port of Seattle in the black despite 8.2 percent revenue drop in `09

The Port of Seattle ended 2009 in the black despite a sharp revenue drop, particularly in its aviation division, according to the port's annual performance report released Tuesday.

The port took in $449 million last year, a drop of $40 million or 8.2 percent compared with 2008, and 7.7 percent below budget.
Aviation operations, primarily at Seattle-Tacoma International Airport, accounted for $29.4 million of the fall-off, while seaport revenues fell $4.4 million.

-Seattle Times

For the full story: seattletimes.nwsource.com

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