TRUESONJB wrote: ↑Sep 26, 2024
I’ve been really interested in the future passenger numbers at Lambert International Airport, so I decided to pull together some projections based on recent data and trends. Here’s a detailed breakdown comparing bullish and bearish estimates:
Bullish Trends
Projected Passenger Estimates (BULLISH):
- 2023: 14,886,000 (+1,220,483, 8.20%)
- 2024: 16,300,170 (+1,414,170, 9.50%)
- 2025: 17,941,597 (+1,641,427, 10.07%)
- 2026: 19,850,583 (+1,908,986, 10.64%)
- 2027: 22,075,833 (+2,225,250, 11.21%)
- 2028: 24,676,367 (+2,600,533, 11.78%)
- 2029: 27,723,898 (+3,047,531, 12.35%)
- 2030: 31,305,825 (+3,581,928, 12.92%)
Bearish Trends
Projected Passenger Estimates (BEARISH):
- 2023: 14,886,000 (+1,220,483, 8.20%)
- 2024: 16,300,170 (+1,414,170, 9.50%)
- 2025: 16,789,175 (+489,005, 3.00%)
- 2026: 17,292,850 (+503,675, 3.00%)
- 2027: 17,811,636 (+518,786, 3.00%)
- 2028: 18,345,985 (+534,349, 3.00%)
- 2029: 18,896,364 (+550,380, 3.00%)
- 2030: 19,463,255 (+566,891, 3.00%)
The anticipated news from Southwest Airlines tomorrow could significantly impact growth expectations for Lambert. If Southwest announces new routes or expansions, we could see an uptick in passenger numbers that would align with the more bullish projections. Conversely, if the news is less favorable, it might dampen growth expectations and push us closer to the conservative estimates.
Additionally, the projected start of construction for the new single terminal design in mid-2027 may stifle growth for a small period due to potential disruptions and limited capacity during the transition. However, upon completion sometime in the 2030s, the new terminal is expected to enhance the airport’s capacity and facilities, opening up new opportunities for increased passenger traffic and international destinations.
It's also worth noting that after Kansas City opened their new terminal in late February 2023, they experienced a 15% increase in year-over-year passenger numbers the following year. While this could be influenced by the broader recovery from the pandemic, it remains a significant point to consider for Lambert’s future projections.
While the bullish projections suggest significant growth, it’s essential to recognize that these estimates may not be sustainable over the long term. The historical average growth rate, particularly from 2009 to 2019, was around 2.25%, and using passenger numbers since 1990 (excluding the TWA pullout years and pandemic years), the average YOY growth is closer to 3%.