The Nashville International Airport ranked as the nation’s 34th busiest in 2011, rising five spots from its 2010 position, according to statistics the Metro Nashville Airport Authority released Tuesday.
The Airport Council International-North America Traffic Report 2011 shows BNA had 9.6 million passengers last year, surpassing the passenger counts at airports in Cleveland, Memphis, Milwaukee, Oakland and Raleigh. BNA saw 6.2 percent growth from 2010 to 2011, enjoying the fourth-highest growth rate among the top 75 airports in North America.
May flight operations statistics reveal total aircraft operations at BNA rose 1.3 percent. Also that month, the airport averaged 378 daily flights, up eight flights per day compared to May 2011 numbers. In addition, BNA saw fuel sales (per gallon) drop 7.5 percent from May 2010 to May 2011. They have decreased 6.1 percent year to date.
Churchill Mortgage is staying on its growth path with staff additions in Tennessee and Texas, including at its year-old Houston outpost. Locally, the company's Brentwood home office and Mt. Juliet branch have gotten many of the dozen new hires, which have come from Regions Bank, Crescent Federal Credit Union and United Capital Lending, among others.
SEE ALSO: Some of the other growth moves Churchill has made of late
North Star Destination Strategies, a local shop that helps position and market tourist attractions and communities, has been chosen by the Downtown Memphis Commission to help brand the South Main Memphis district. North Star beat out three other finalists for the job.
“We had a very strong interest in keeping things in Memphis,” Person said. “But did we want to use a firm in Memphis that is capable of doing it, or did we want to use the best firm? Using the best firm as our final decision-making tool when the judges huddled, we came out with the best firm and that was North Star.”
Closeout retailer and wholesaler Essex has inked leases to open two of its Bargain Hunt stores in the Memphis area. The Nashville-based company runs more than a dozen other locations in Tennessee, Kentucky, Alabama and Georgia and plans to grow its Memphis footprint in the coming years.
Wunderlich Securities is feasting on the fallout from Raymond James' acquisition of Morgan Keegan. The Memphis-based company has recruited three senior VPs in Memphis and another in Dallas. News of their moves comes less than a week after another six people in Memphis and New York made the move.
Nashville International Airport saw an average airfare of $353 in the 2011 fourth quarter, ranking 61st nationally in terms of highest prices, according to the U.S. Department of Transportation Bureau of Transportation Statistics.
BNA’s round-trip domestic itinerary average airfare price was below the overall average ($368) of all 100 airports the bureau ranked. The airport’s Q4 2011 average fare was 8.6 percent higher than its Q4 2010 average fare.
"Fuel prices increased during this time," Emily Richard, Metro Nashville Airport Authority spokeswoman, said of the average fare increase. "[But] BNA ticket prices remain among the lowest."
Memphis International Airport, with an average fare of $484, ranked third for most expensive airfares. Cincinnati/Northern Kentucky Airport had the highest average fare for Q4 2011 at $502.
Of note, Knoxville’s McGhee Tyson Airport saw its Q4 2011 average airfare actually drop 0.6 percent from Q4 2010. The airport’s average fare of $425 ranked No. 12 on the list.
Six professionals formerly with Morgan Keegan have left the firm for Wunderlich Securities. Four of the people moving on after Raymond James bought Morgan Keegan from Regions Financial are in Memphis, and the other two are in the Big Apple. The moves come shortly after senior Morgan Keegan officials in Nashville and Boston left the company for other pastures.
“Further expansion of equity capital markets and to our private client group is likely, in part because of all the excellent talent that has become available,” Wunderlich said.