Tag Archives: DIA Passengers

Colorado Job Growth Holds Steady

In early March the Bureau of Labor Statistics released revised employment data for Colorado showing that 2014 was the 3rd strongest year of job growth in the state’s history and 2015 was ranked 9th.

Data released near the end of March shows that average year-over-year Colorado job growth for the past seven months has been about 67,000 jobs greater than the previous 12-month period. The reduced rate of expansion has occurred for the following reasons:
• The slowdown in the Chinese economy has caused many countries to experience lower rates of GDP growth.
• Colorado’s extractive industries are continuing to contract.
• Just as the Broncos can’t win the Super Bowl every year, it is not possible to have “Super-Bowl-like” job growth all the time.

Although the rate of growth for employment and the GDP are less than last year, the economy will still experience solid growth for the following reasons:
• There is solid GDP growth across most Colorado sectors.
• Job growth is stable in most industries and occupations.
• Solid and diverse growth will continue in the state’s personal income, population, and per capita personal income.
• There is a strong outlook for the construction industry in Colorado and the U.S.
• Robust new car sales are a reflection of solid personal consumption.
• There is increased activity at DIA and the area surrounding the airport.
• While low unemployment can be problematic it will drive higher wages.
• Higher wages will cause increased consumption and offset higher living costs.

Despite the headwinds, Colorado is on track for continued solid growth in 2016. For more details check out the most recent updates by clicking here or check out cber.co Colorado Economic 2016 Forecast.

Colorado Job Growth

Fifty-Four Million Passengers Passed Through DIA in 2015

It is official, Denver International Airport celebrated its 20th anniversary with a record setting 54 million passengers in 2015.

To be exact, there were 54,014,502 passengers in 2015 up from 53,472,514 in 2014. This is an increase of 1.0% or 541,988.

The record growth was made possible by solid traffic throughout the year that included a record number of passengers in April and the last four months of the year.

International traffic in 2015 was flat compared to the previous year, 2,292,613 in 2015 vs. 2,208,209 in 2014. A DIA press release indicates that the use of the airport’s custom facility increased by 16%; however, Canadian preclearance flights declined 22%. The Canadian shortfall was attributed to the decreased activity in the oil and gas industry caused by lower prices for a barrel of oil.

DIA Passengers

It was also a good year for cargo. DIA handled 545,784,431 pounds of cargo in 2015 compared to 519,434,240 pounds the prior year. This is an increase of 5.1%.

United continued to be Denver’s airline of choice with 42.3% market share. Southwest was second with 29.8% followed by Frontier with 12.4%.

The airline with animals on the tails of its planes had a disastrous year in 2015. It led the industry in complaints and the number of Frontier passengers in 2015 declined by almost 32% from the prior year.

Airline and Affiliates 2014 Passengers 2015 Passengers % Increase Market Share
American 3,078,481 3,287,333 6.8% 6.09%
Delta 2,364,589 2,675,472 13.1% 4.95%
Frontier 9,840,553 6,697,139 -31.9% 12.40%
Southwest 14,100,970 15,814,696 12.2% 29.80%
United 21,750,604 22,855,819 5.1% 42.31%
Other 2,337,317 2,684,043 24.8% 4.97%

During each of the 20 years that DIA has been in operation, the airport has become more important to the Colorado economy. That will continue to be in case in the years ahead with the addition of the Westin Hotel at the end of the terminal.

In addition there will be a stronger connection to downtown Denver when the light rail project between DIA and Denver is completed. Over the past 20 years businesses have sprung up around DIA. A prime example of that is the Gaylord project that is expected to open in 2-3 years.

DIA has two distinctive competencies over many other airports. First, it is located in the middle of the U.S. Second, it has room to expand when growth becomes necessary.

DIA is poised to be an economic engine for Colorado in 2016 and many years into the future.