
More people traveled through Spokane International Airport than ever in 2024
Feb. 20—Spokane International Airport set a new record for air travel in 2024.
More than 4.26 million passengers used the airport last year, which marked a slight increase over the 4.13 million users that set the previous record in 2023, according to an airport news release.
The new benchmark was reached after the airport opened the Concourse C west terminal expansion, which added 800 new parking stalls. Ezra Eckhardt, the president and CEO of STCU who also serves as the Spokane Airport Board chair, noted the accomplishment in the release.
"2024 was the first step in a bold new era for Spokane International Airport — one marked by growing air service connectivity, continuing infrastructure investments, and the introduction of a new airport experience brought to life through the Airport's TREX Program," Eckhardt said in the release.
Work was completed on the Concourse C west terminal expansion, which was the first phase of the airport's Terminal Renovation and Expansion Program that it refers to as TREX.
It added three new gates, a similar number of ticket counters and several amenities for passengers at the airport's existing terminal facility.
Work also began on the next phase, or the Concourse C east terminal expansion, which will replace existing ground-boarding gates with new passenger boarding bridges and upgrade the concourse's gates to reflect the new terminal's look and feel, according to the release.
Officials indicated they expect passenger traffic to grow in 2025. So far, the number of airline seats already reserved for travel is 15% higher than this time in 2024.
Some of that boost comes as carriers — including American, Southwest, Frontier and Allegiant airlines — have added new travel options.
"We are thankful for every passenger who chose to make (the Spokane airport) part of their 2024 travel and look forward to continuing this momentum into what we anticipate will be yet another transformational year," Eckhardt said in the release.
Spokane International Airport is jointly owned by the city of Spokane and Spokane County. It's the second-largest commercial airport in Washington and provides jobs for about 3,000 people.
However, it currently operates without a leader.
Spokane Airports CEO Larry Krauter announced in November that he had accepted the similar job of CEO of Cincinnati/Northern Kentucky International Airport, which is located across the Ohio River from Cincinnati in Hebron, Kentucky.
Todd Woodard, the marketing and public affairs director at the airport, said in an email that Krauter's last day in Spokane was February 10 and that the Airport Board has contracted with the ADK Consulting & Executive Search, which is primarily based in Jacksonville, Fla., to help find Krauter's replacement.
Woodward did not provide further details.
Krauter, who also oversaw operations at Felts Field and Spokane Airport Business Park, had held the job since 2011. Krauter did not immediately return a phone call seeking comment.
As for the record travel, it marked only the third time that the airport has topped 4 million passengers.
It approached that mark in 2018, with 3.98 million passengers, and then passed the 4 million-passenger threshold in 2019. However, in 2020, during the COVID-19 pandemic, airport traffic was cut in half.
Passenger use increased in 2021 and 2022, but it didn't again pass the 4 million mark until it set the previous record of 4.13 million in 2023, according to data provided by the airport.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 hours ago
- Yahoo
TREX Q1 Earnings Call: New Product Mix and Distribution Strategy Drive Outlook Amid Margin Pressures
Composite decking and railing products manufacturer Trex Company (NYSE:TREX) reported revenue ahead of Wall Street's expectations in Q1 CY2025, but sales fell by 9% year on year to $340 million. Its non-GAAP profit of $0.60 per share was in line with analysts' consensus estimates. Is now the time to buy TREX? Find out in our full research report (it's free). Revenue: $340 million vs analyst estimates of $328.4 million (9% year-on-year decline, 3.5% beat) Adjusted EPS: $0.60 vs analyst estimates of $0.59 (in line) Adjusted EBITDA: $95.91 million vs analyst estimates of $99.59 million (28.2% margin, 3.7% miss) Operating Margin: 24%, down from 31.9% in the same quarter last year Organic Revenue fell 9% year on year (56.5% in the same quarter last year) Market Capitalization: $6.12 billion Management pointed to robust demand for Trex's premium composite decking and railing products as a key factor behind higher-than-expected sales in the latest quarter, despite a year-over-year revenue decline. CEO Bryan Fairbanks highlighted that new product launches contributed 22% of trailing 12-month sales, more than twice last year's level, underscoring the company's emphasis on portfolio innovation. Channel inventory practices also played a role, with the company implementing a new inventory strategy to reduce volatility and better align production with market demand. Management also cited distribution enhancements and dealer conversions as supporting factors during the quarter. Looking ahead, management expects mid to high-single-digit sales growth for the year, supported by continued momentum in premium and entry-level product lines and further expansion in the railing segment. Fairbanks expressed confidence that Trex will outperform the broader repair and remodel market, referencing pent-up demand and market share gains as drivers. CFO Brenda Lovcik added that margin improvements are anticipated in the second half, as costs associated with product changeovers and new manufacturing initiatives subside. Management remains watchful of potential headwinds, such as tariffs on aluminum and steel, but has initiated mitigation strategies including supplier diversification and inventory planning. Management attributed quarterly results to strong uptake of recently launched products, expanded dealer relationships, and ongoing investments in manufacturing and digital transformation. New product launches: Products introduced in the past three years now account for 22% of sales, with management highlighting consumer and contractor enthusiasm for features like the SunComfortable technology, originally developed for the Transcend Lineage line and now expanded to other offerings. Dealer conversions and channel strategy: Trex accelerated dealer conversions and TrexPro contractor recruitment, aided by last year's distribution enhancements, leading to improved brand alignment and market reach. Inventory strategy shift: The company's new approach to inventory management aims to reduce quarterly volatility and ensure partners are stocked appropriately, allowing more consistent production and improved operating efficiency. Manufacturing investment: The Arkansas campus began producing recycled plastic pellets, reducing reliance on external suppliers and supporting cost efficiency across manufacturing sites. This milestone advances Trex's broader continuous improvement program. Segment performance: While demand for premium products remained strong, the entry-level segment began to recover, supported by refined product specifications and expanded color options in the mid-tier Select line. Railing products also saw double-digit growth, benefiting from expanded distributor partnerships. Trex's management sees product innovation, distribution expansion, and operational improvements as central to its growth and margin outlook for the remainder of the year. Product mix evolution: Continued investment in new products, including expanded color options and proprietary technologies, is expected to drive share gains in both the premium and entry-level segments. Management believes this will help Trex outpace the broader repair and remodel market. Operational efficiency gains: The ongoing ramp-up of the Arkansas manufacturing campus and continuous improvement initiatives are projected to enhance margins, particularly as costs tied to product transitions diminish in the second half of the year. Tariff and supply chain mitigation: While less than 5% of cost of sales is directly exposed to tariffs, Trex is taking proactive steps such as supplier diversification, inventory pre-builds, and negotiations with vendors to offset potential cost pressures. Management is monitoring the regulatory environment for further impacts. In upcoming quarters, the StockStory team will watch (1) whether new product introductions continue to gain traction among both contractors and consumers, (2) the pace and impact of expanded distributor relationships on geographic and segment growth, and (3) margin progression as the Arkansas facility ramps up and one-time costs decline. Execution on inventory management and tariff mitigation will also remain important indicators of operational effectiveness. Trex currently trades at a forward P/E ratio of 25.8×. At this valuation, is it a buy or sell post earnings? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
30-05-2025
- Yahoo
2 Profitable Stocks Worth Investigating and 1 to Think Twice About
A company with profits isn't always a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential. A business making money today isn't necessarily a winner, which is why we analyze companies across multiple dimensions at StockStory. That said, here are two profitable companies that leverage their financial strength to beat the competition and one best left off your watchlist. Trailing 12-Month GAAP Operating Margin: 24% Addressing the demand for aesthetically-pleasing and unique outdoor living spaces, Trex Company (NYSE:TREX) makes wood-alternative decking, railing, and patio furniture. Why Do We Think Twice About TREX? 5.4% annual revenue growth over the last two years was slower than its industrials peers Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 3.9 percentage points Diminishing returns on capital suggest its earlier profit pools are drying up Trex's stock price of $56.42 implies a valuation ratio of 25.5x forward P/E. If you're considering TREX for your portfolio, see our FREE research report to learn more. Trailing 12-Month GAAP Operating Margin: 18.1% With low-pressure heating systems as the first product, Trane (NYSE:TT) designs, manufactures, and sells HVAC and refrigeration systems, the former to commercial and residential building customers and the latter to commercial truck manufacturers. Why Is TT a Good Business? Annual revenue growth of 11.6% over the past two years was outstanding, reflecting market share gains this cycle Share buybacks catapulted its annual earnings per share growth to 23.7%, which outperformed its revenue gains over the last two years Stellar returns on capital showcase management's ability to surface highly profitable business ventures, and its rising returns show it's making even more lucrative bets Trane Technologies is trading at $430.30 per share, or 33.1x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. Trailing 12-Month GAAP Operating Margin: 28.2% Pioneering minimally invasive surgery since its first da Vinci system was FDA-cleared in 2000, Intuitive Surgical (NASDAQ:ISRG) develops and manufactures robotic-assisted surgical systems that enable minimally invasive procedures across various medical specialties. Why Should ISRG Be on Your Watchlist? System Placement averaged 11.8% growth over the past two years and imply healthy demand for its products Sales outlook for the upcoming 12 months implies the business will stay on its desirable two-year growth trajectory Earnings growth has easily exceeded the peer group average over the last five years as its EPS has compounded at 12.3% annually At $555.52 per share, Intuitive Surgical trades at 66.3x forward P/E. Is now the time to initiate a position? See for yourself in our comprehensive research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Yahoo
Trex Takes on Real Life in New "Trex Vs" Ad Campaign
New Tagline and Creative Concepts Highlight Premium Performance of Trex® Products WINCHESTER, Va., May 29, 2025--(BUSINESS WIRE)--From high heels and skateboards to cartwheels and fish scales, the latest advertising campaign from Trex [NYSE:TREX], the world's #1 brand of composite decking and residential railing, highlights a new era of outdoor resilience. Aptly titled "Trex Vs," the series of commercial spots and digital concepts showcases how the brand's Performance-Engineered™ decking and railing enhance and stand up to everyday life. Created by Nashville-based BUNTIN, the "Trex Vs" campaign introduces a new tagline for the brand – moving from "Engineering What's Next in Outdoor Living™" to "Performance Engineered for Your Life Outdoors™" – and includes the first-ever broadcast work dedicated to promoting Trex railings. All of the creative concepts reinforce the message that no matter what life may throw at your deck, Trex products deliver durability, resilience and pristine beauty. "Trex decking and railing are designed to not only beautify but to also support real life," said Jodi Lee, Senior Vice President of Marketing for Trex Company. "From birthday parties to sports practice, this new campaign gets to the heart of what differentiates Trex by showcasing how our products become an integral and trusted part of people's lives and homes." Among the main commercials in the campaign is a spot titled "40th Birthday," which shows how Trex decking and railing can withstand everything from dance moves and dropped burgers to the impact of popped champagne corks. In another, called "Regionals," Trex railing serves as a practice balance beam for a young gymnast preparing for her next competition. Other creative concepts feature Trex decking and railings beautifully enduring the rolling and stopping of kids on skateboards; flailing hooks, splashing and flopping fish during an afternoon of angling; and the thrills (and spills) of a children's tea party. "With this next chapter of the Trex brand, we wanted to lean into real-world moments to showcase where the performance truly shines," said Steve Chavez, EVP/Managing Partner, Chief Creative Officer at BUNTIN. "These spots bring a fresh, bold energy to the brand proving that Trex isn't just built to last – it's built for life with all its unpredictability, excitement and celebrations." Since first inventing the category of composite decking more than 30 years ago, Trex has remained an industry leader in innovation launching revolutionary products like Trex Transcend® decking, which introduced the brand's exclusive high-performance shell. Now available across the brand's entire portfolio, this ultra-durable shell makes Trex decking highly resistant to staining, scratching and mold*, easy to maintain, and fully submersible for dock and marine applications. Over the years, Trex has also launched products like Signature® decking, which features the industry's most authentic wood aesthetics to date, along with deck boards specially engineered to resist fire and flame spread. Most recently, the company introduced SunComfortable™, a heat-mitigating technology engineered into the shell of select Trex deck boards to reflect the sun's rays, keeping the surface cooler** underfoot than standard composite offerings of a similar color. Additionally, the brand offers the industry's most comprehensive selection of deck railings ranging from composite offerings to steel, aluminum, cable and glass systems that pair seamlessly with Trex decking, allowing builders and homeowners to create safe, stylish and enduring outdoor spaces. "Trex has always been a leader when it comes to performance innovation and this new ad campaign celebrates that legacy and the peace of mind our products offer to consumers," added Lee. "We're excited for the world to see the real, battle-tested ability of our products to stand up to life's moments – big and small." Now live, the omni-channel "Trex Vs" campaign includes broadcast, website, digital, and paid and organic social channels. For more information, visit *For details, see Trex's Limited Warranty at **Although Trex® SunComfortable™ products are engineered to be cooler, they can still get hot to the touch when direct sunlight and high temperatures converge for extended periods of time. On such days, care should be taken. About Trex Company For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the composite decking category. Today, the company is the world's #1 brand of sustainably made wood-alternative decking, and residential railing, as well as a leader in high performance, low-maintenance outdoor living products. The undisputed global leader, Trex boasts the industry's strongest distribution network with products sold through more than 6,700 retail outlets across six continents. Through strategic licensing agreements, the company offers a comprehensive outdoor living portfolio that includes deck drainage, flashing tapes, LED lighting, outdoor kitchen components, pergolas, spiral stairs, fencing, lattice, cornhole and outdoor furniture – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America's Most Trusted® Outdoor Decking^ 5 Years in a Row (2021-2025). The company also holds a place on Barron's list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America's Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor's Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 15th consecutive year. For more information, visit You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand's YouTube channel (TheTrexCo). ^2021-2025 DISCLAIMER: Trex received the highest numerical score in the proprietary Lifestory Research 2021-2025 America's Most Trusted® Outdoor Decking studies. Study results are based on the experiences and perceptions of people surveyed. Your experiences may vary. Visit About BUNTIN BUNTIN is a full-service advertising agency that uses Brand Conviction to achieve disproportionate business results for clients. Services include Strategy, Creative, Media Planning & Buying, Digital, Social, and Data & Analytics. Headquartered in Nashville, BUNTIN is among the leading independent agencies and an ADWEEK-recognized "Top U.S. Shop." In addition to its work with corporate clients, the agency operates a cause-branding division called AdHope that assists organizations in maximizing their social value through "great work that does good in our world." To learn more, visit or @TheBuntinGroup on Instagram and LinkedIn. View source version on Contacts Corinne RacineL.C. Williams & Associates312-565-4604cracine@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data