Issue link: https://nebusinessmedia.uberflip.com/i/1419413
13 HARTFORDBUSINESS.COM | OCTOBER 18, 2021 www.borghesibuilding.com Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, our goal simple: To provide our complete design, planning construction services industrial and retail buildings. on years of experience, competitive and offer When the strictest attention is critical to your success, always count on Borghesi From concept to occupancy, is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Jan. Feb. March April May June July 2021 150,842 154,305 251,643 342,632 385,209 450,422 523,098 2020 487,315 500,679 291,352 20,579 57,843 126,082 148,295 2019 474,024 468,931 580,840 612,102 612,306 582,381 603,144 Passenger traffic Year Bradley Intl. Airport passenger traffic Passenger traffic at Bradley Airport is slowly getting closer to pre-pandemic levels. Total passenger traffic includes deplanements and enplanements. Source: CT Airport Authority Dillon said he expects passenger traffic to return to pre-pandemic levels by next spring. However, factors outside his control — namely to what extent business travel returns — present variables to that prognosis. The Global Business Travel Association (GBTA) reported that business travel in North America was down 79% from April 2020 through the end of last year. The group forecasted a 21% increase in business travel this year — with most gains coming toward the end of 2021. More concerning is that GBTA predicts business travel — which generated $334.2 billion in spending in 2019 — won't return to pre- pandemic levels until 2025, four years from now. Pre-COVID, about 65% of passengers flying in and out of Bradley were business travelers, and Dillon acknowledges the airport's recovery largely depends on this demographic of flyers. "The big thing for us — in terms of continuing recovery and future recovery — really comes down to the business market," Dillon said. "Our feeling is people have to get back into the office, they have to resume their business routines, and start taking business trips again." Another variable that could affect Bradley's recovery is Tweed New Haven Airport. The smaller airfield located about 50 miles south of Bradley is trying to expand its runway, a move that could attract more commercial flights. An airport in such close proximity possibly competing for airlines and passengers could stymie the recovery for both locations, Dillon said. Tweed Executive Director Sean Scanlon said he doesn't see Bradley as a competitor. Tweed's target market is about 1 million flyers in southern Connecticut that tend to fly out of New York's LaGuardia and JFK airports. "We're trying to give them a more convenient local option, and that will not necessarily be at the expense of Bradley, per the research we've done," Scanlon said. "We don't want to be JFK, LaGuardia or even Bradley; we want to be southern Connecticut's airport." American Airlines this month ended its daily nonstop Tweed-to- Philadelphia route, however Avelo Airlines in November is scheduled to start direct flights from Tweed to five Florida destinations, Scanlon said. Competitive advantage A number of factors bode well for Bradley's recovery, Dillon said. For one, it's cheaper for airlines to fly out of Bradley than its larger regional competitors. Cost-per- enplanement — a key industry standard that measures the average cost per passenger for an airline to operate at an airport — at Bradley was $12.33 in fiscal 2020, lower than Logan's cost of about $15, but slightly above Rhode Island's T.F. Green's rate of $11.35, according to Fitch Ratings. In the pre-pandemic year of fiscal 2019, Bradley's rate was $8.44. Additionally, Bradley's under- construction ground transportation center should open to customers in May, Dillon said. The $210-million facility will house all rental car companies at the airport — eliminating the need for shuttle service to off-site locations, and therefore making it more convenient to fly out of Bradley. "The sooner we can get that online, the better," said Dillon, who noted long-term plans for the center include adding a rail stop."I think it's going to play a very key role for us going forward." Beyond that, CAA is largely sticking to its strategy of increasing its West Coast service, with an eye toward a direct Seattle route — which could connect to flights to Asia — and continuing efforts at attracting a London route. Tony Sheridan, chair of CAA's board and CEO of the Eastern Connecticut Chamber of Commerce, said he thinks Bradley is well suited to go after these new routes and attract a greater number of passengers, especially considering the ground transportation center opening next spring. "It's going to be a very modern airport, it's going to be a very comfortable airport," Sheridan said. "We're in a great position to really grow over the next few years."