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Financial Data

Financial Data

The City operates O'Hare through the Chicago Department of Aviation as a separate and distinct enterprise for financial purposes. The operating budget for the Airport is separate from the City of Chicago budget and funded through a variety of funding sources described below. City of Chicago taxes do not fund the Airport. For a complete understanding of O'Hare financials check out the Comprehensive Annual Financial Reports available on the City of Chicago Department of Finance's website.

Economic Impact

O'Hare is an economic engine for the Chicago area. There are approximately 450,000 jobs in the Chicago Region associated with O'Hare and the Airport's economic impact is estimated to be $38 billion.

Funding/Revenue Sources

The City operates O'Hare through the Chicago Department of Aviation as a separate and distinct enterprise for financial purposes. The operating budget for the Airport is separate of that for the City of Chicago and funded through a variety of funding sources described below. City of Chicago taxes do not fund the Airport. For a complete understanding of O'Hare financials check out the Comprehensive Annual Financial Reports available on the City of Chicago Department of Finance's website.

Passenger Facility Charges

The Federal Aviation Administration's Passenger Facility Charge (PFC) Program allows the collection of PFC fees up to $4.50 for every enplaned passenger at commercial airports controlled by public agencies. Airports use these fees to fund FAA-approved projects that enhance safety, security, or capacity; reduce noise; or increase air carrier competition.

O'Hare, along with all other major hub airports, imposes a PFC and uses PFC revenue to fund capital projects.

  • PFC Collection Charge at O'Hare International Airport: $4.50 per eligible enplanement
  • 2010 PFC Collection at O'Hare International Airport: Approximately $136 million

Non-Airline Funding Sources

Airports are striving to diversify their revenue streams by fully utilizing their land and facilities. Airport concessions are a significant funding source for the Airport.

The percent of total revenues from non-airlines sources in 2010 was approximately 30%.

Concession Revenues are listed below:

2010 [1] 2009 [1] 2008 [1]
Automobile Parking $ 93.4M $ 89.1M $108.5M
Automobile Rental 22.6 22.9 22.2
Terminal Concessions 80.5 73.1 84.4
Total $196.5 $185.1 $215.1

[1] Source: 2010, 2009 and 2008 Published Financial Statements

Airline Rates and Charges

Airlines support the operating budget of the airport through landing fees and rental payments. Informatin on historical rates and charges at O'Hare are available below.

O'Hare International Airport   

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Operating Expenses

Total operating expenses for 2010 were approximately $410.6 million.