b'Capital Region Airport Commission Managements Discussion and Analysis (Continued) June 30, 2025 and 2024 COMMISSION ACTIVITIES & HIGHLIGHTS (continued) The Commission ended fiscal year 2025 with a 6.4% increase in revenues when compared to the 2025 approved budgeted revenues and a 3.2% increase when compared to fiscal year 2024 revenues. This was primarily due to a 12.5% increase in concession revenue when compared to the 2025 budgeted concession revenue and a 4.1% increase in parking revenue when compared to the 2025 budgeted parking revenue.Concession revenue decreased (4.2%) when compared to fiscal year 2024 concession revenue, and parking revenue increased 1.5% when compared to fiscal year 2024 parking revenue.The increase in concession revenue versus budget is primarily due to improved profit sharing revenues in retail sales and rental car which is an increase of 45.5% and 9.7%. The increase in parking revenue is attributed to higher utilization of premium parking options and increased length of stay. The Commissions revenues are derived primarily from airline rates and charges for the use of the Airports facilities in the form of landing fees, terminal rents, and apron fees received from airlines using the airport; concession fees from the vendors serving the passengers including food, retail and rental cars; public parking fees including surface and garage parking; and fixed based operator activities from general aviation activities.The average monthly enplaned passengers were 202,048 in fiscal year 2025, 203,376 in fiscal year 2024 and 184,936 in fiscal year 2023.Despite the decrease in passengers, when compared to fiscal year 2024, the Commissions main revenue stream, parking, experienced 1.5% growth as a result of an increase in premium product utilization and a 2.7% increase in average length of stay. Aircraft operations increased to 105 thousand, a 1.5% increase when compared to fiscal year 2024 operations of 103 thousand which was a (1.1%) decrease when compared to FY 2023.Aircraft operations are comprised of air carriers, the military, air taxi, and general aviation. Cargo landed weight in 1,000-pound units increased by 28.6% in fiscal year 2025 to 904 million pounds compared to fiscal year 2024, increased by 7.4% in fiscal year 2024 to 703 million pounds compared to fiscal year 2023, and remained the same in fiscal year 2023 at 652 million pounds compared to fiscal year 2022. The Airports parking revenue increased 1.5% in fiscal year 2025 when compared to fiscal year 2024 and increased 10.4% in fiscal year 2024 when compared to fiscal year 2023. Parking revenue increased driven by higher utilization of premium parking options and increased length of stay. Parking revenue per enplaned passenger increased 3.9% when compared to fiscal year 2024 parking revenue per enplaned passenger. Parking rates were essentially the same as fiscal year 2024. 5'