(Los Angeles, California – March 2, 2005) Los Angeles World Airports (LAWA) today released audited financial results for fiscal year 2004 (12 months ending June 30, 2004).LAWA’s total net assets were approximately $2.3 billion as of June 30, 2004, representing an increase of $122.5 million, or 5.6 percent over June 30, 2003. Net assets, the amount by which LAWA’s total assets (which include its buildings, land, equipment, cash, investments and all receivables exceed its total liabilities), serve as the key indicator of LAWA’s strong financial position.
(Los Angeles, California -- February 25, 2005) Los Angeles World Airports today announced January 2005 traffic statistics for its three passenger airports with Los Angeles International Airport (LAX) and Ontario International Airport (ONT) posting solid gains over the same month in 2004 and Palmdale Regional (PMD) reporting its first full month of traffic statistics since the recent resumption of airline service.
(Los Angeles, California – February 22, 2005) In recognition and memory of Clifton Albert Moore, Los Angeles World Airports (LAWA) named its administration building after the world-renown leader in civil aviation who served for 25 years as executive director of Los Angeles’ vast four-airport system.
(Los Angeles, California -- February 7, 2005) The Los Angeles Board of Airport Commissioners today awarded NSA Construction Group of Tarzana, a contract for residential soundproofing near Los Angeles International Airport (LAX). The contract, totaling $937,200 will cover sound-insulation modifications on a total of 64 single and multi-family residences located within the noise-impacted area of Council District 11.
(Los Angeles, California – February 2, 2005) Operation USA, in partnership with Polar Air/Atlas Air and Islamic Relief USA, today sent off Los Angeles' first dedicated all-cargo airlift of 100 tons of pharmaceuticals, medical, shelter and nutritional supplies worth more than $7 million to Kuala Lumpur, Malaysia, en route to Sumatra's Aceh province, South Asia's region hardest hit by the December 26 tsunami.
(Los Angeles, California – January 20, 2005) Law enforcement officials at Los Angeles International Airport (LAX) reported that violent crime dropped 62 percent and property crime dropped five percent last year – the fourth consecutive year of declining crime – even as passenger volumes increased approximately 10 percent. The number of arrests rose 33 percent.