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I <br /> Based on.this analysis it appears reasonable to assume that if a low-fare airline began operations <br /> from Stockton Metropolitan Airport, an E/P Ratio of at least 1.0 could be realized. Based on the <br /> analysis for population in the Stockton Air Trade Area and using an Enplanement/Population <br /> (E/P) Ratio of 1.0, a forecast of potential passenger enplanernent has been prepared and is shown <br /> in Table No. 4-6. For comparative purposes a similar analysis has been prepared for the Fresno <br /> Air Trade Area. From this analysis it is indicated that in 1997 approximately 1.25 million <br /> passengers per year would be generated in the Stockton Air Trade Area if a low-fare airline <br /> started good service out of the Stockton Metropolitan Airport and that the traffic generated could <br /> exceed 3 million passenger enplanements by the year 2040. Low fare airlines not only attract <br /> passengers to an airport, but they create new passengers that would not travel by air when fares <br /> are higher. <br /> In 1993 United Airlines prepared a study to determine the revenue generated by San Joaquin <br /> County passengers at all airports. Their study indicated that total sales amounted to <br /> approximately $72 million during the year. This relates to approximately 500,000 enplaned <br /> passengers. Conferences with travel agents in the Stockton/Modesto area indicate that in 1996 <br /> ticket sales show 800,000 to 900,000 enplaned passengers per year out of the Stockton/Modesto <br /> area and that 60 percent of these travel to Sacramento International Airport and the rest travel <br /> to the Bay Area to board their aircraft. The Sacramento International Airport currently has 3.5 <br /> million enplaned passengers,including the 650,000 generated from the Stockton/San Joaquin area. <br /> The potential passenger enplanements generated in the Stockton Regional Air Trade.Area is one- <br /> third the current traffic at Sacramento International Airport. <br /> The low-fare airlines can be expected to continue to ignore the Stockton Metropolitan Airport as <br /> long as they can capture the passengers at Sacramento and Bay Area airports, but as soon as one <br /> airline begins operation at Stockton Metropolitan Airport with low-fare service, other low-fare <br /> airlines will no doubt follow to avoid losing their share of the market. With this large a potential <br /> market it is reasonable to expect a low-fare airline service operating out of Stockton in the future <br /> but it is difficult to predict when this will happen. <br /> Forecast aircraft operations and based aircraft at the Stockton Metropolitan Airport have been <br /> prepared based on the Enplanement to Population Ratio Analysis and utilizing a similar analysis <br /> for based aircraft. The analysis has been prepared for two scenarios. Scenario No. 1 assumes <br /> normal growth of airline operations with no low-fare airline operating at Stockton, and the results <br /> of this analysis are shown in Table No. 4-7. Scenario No. 2 has been prepared assuming that the <br /> low-fare airline enters the market in 1997, and the results of this analysis are shown in Table No. <br /> 4-8. It will be noted that there is forecast to be significant growth in annual operations, <br /> particularly if a low-fare airline enters the market, but that the total based aircraft will not be <br /> significantly higher than existed in 1990, due largely to the large drop-off in based aircraft <br /> between 1990 and 1995. <br /> .� The forecast annual operations presented in Table No. 4-8 have been reduced to Average Day <br /> R <br /> Aircraft Operations for the noise analysis and these are included in Table No. 4-9. <br /> k <br /> f <br /> 4-8 <br />