"The timing of S+P's evaluation is optimum as we plan for a new bond
issue in the spring.75 million enplaned passengers, or 66% of total
enplaned passengers in Fiscal Year 2004

S+P acknowledged the Airport's "prudently prepared contingency
plans" in the event that PHL experienced lower than expected traffic
levels.1 million passengers, a 17. Reduced fares and convenient nonstop flight
options have attracted new customers throughout the Mid-Atlantic
region.

The Philadelphia Airport System is owned and operated by the City
of Philadelphia and is composed of Philadelphia International Airport
and Northeast Philadelphia Airport. Vet Centers also provide outreach to difficult to serve
veteran populations, including homeless veterans. SACRAMENTO, Calif.

northeast philadelphia

"
"We are gratified that Standard + Poor's has recognized our
efforts, which are ongoing. The Airport System is a
self -sustaining entity that operates without the use of local tax
dollars. These services include drop -in
centers, emergency shelters, transitional supportive housing and
permanent housing. The Stand Down has a goal of placing 20% of the
participants in residential programs or into employment or training.

lived former

International
traffic also reached new heights with 4.

camp safari

The S+P rating shows that what we are doing is
working. This significant
reduction was in sharp contrast to the national trend in which
airfares rose 0.4%.

early 90s

The average fare out of
Philadelphia decreased by 15% from the same period in 2003, the most
of any of the nation's 85 largest airline markets.

funga airline

All Airport projects are financed without the use of
local tax dollars.

East Bay Stand Down Announces Award to Denver Mills; Local VA Vet Center Director to Receive National Award for Work with Homeless Veterans

Arnold Schwarzenegger 's announcement that
he will pull his public employee pension initiative:

That's one special -interest initiative down, three more
special-interest initiatives to go.

northeast social

Healthcare Editors /Government Writers

CONCORD, Calif.
Mills is the founder and Executive Chairperson of East Bay Stand
Down, which first began outreach efforts in 1999 at the Camp Parks
Army Reserve Base in Dublin, CA.

attended naticook

Visit the official Philadelphia International Airport website at
http://www. Vet Centers provide readjustment
counseling and therapy to military veterans for combat related Post
Traumatic Stress Disorder (PTSD), from WWII to the current global war
on terrorism.

airline military

Street. The plans, coupled with PHL's strong origin and destination
base as well as steady enplanement trends , factored into the stable
outlook.
Philadelphia International Airport's A-rated bonds remain an
attractive investment and an important funding source for future
Airport projects.

ransome airline

S+P also recognized PHL's resiliency in recovering from the
downturn in passenger traffic following September 11, 2001.

ex military

In issuing the positive rating, Standard + Poor's cited the
Airport's moderate cost and debt levels for a large hub, steady
passenger traffic growth, diverse local economy, and strong origin and
destination base. Isdell, the City's Director of Aviation.92 per enplaned passenger, respectively

Steady traffic growth indicated by enplaned passengers growing
2.----The National
Coalition for Homeless Veterans' Board of Directors has selected
Denver Mills as the 2005 recipient of the "Veterans Affairs Staff
Award" for his work as the founder and Executive Chairperson of East
Bay Stand Down.C.

While we celebrate today, we're also continuing our fight
against big-budget ballot attacks on the political rights of
public employees and the quality of public education.

Thanks to all the thousands of Local 1000 members who came
to our rallies , who signed petitions, who called the governor,
and who took a stand for secure pensions.

commuter camp

5 million passengers passed through
PHL, a dramatic 15. in June.

early lived

8%
from 2003 and 3.
In the second and third quarters of calendar 2004, PHL led the
nation in overall fare reductions. Drug and alcohol
counseling, mental health services and a wide variety of other
services designed to help the veterans out of the situations of
homelessness are available on site. Thanks also to all
of the Californians who supported us in this effort.

naticook employees

5% increase from calendar 2003.S.

family attended

Philadelphia International Airport Receives ''A'' Bond Rating from Standard + Poor's

"This comprehensive report from Standard + Poor's, a highly
respected rating agency, demonstrates that our Airport is strong,
viable and well-managed," said Mayor John F.
The National Coalition is comprised of community-based providers
from throughout the United States, who offer front line services to
the nation's homeless veterans .
Mills is the Director/Team Leader of the Concord Vet Center of the
U.

employees airline

1 million, up 7.
In calendar 2004, a record 28. Department of Veterans Affairs.

social safari

"
The Airport expects to issue $200 million in bonds to fund several
projects, including an expansion and modernization of Terminals D and
E .4% on average for Fiscal Years 2001-2004

Diverse local economy and strong origin and destination base
totaling 7.

attended 1967

During this time they receive medical attention, dental
services, legal services and benefits counseling.

We'll be back!

SEIU Local 1000 represents 89 ,000 rank-and-file state employees.

commuter social

Business Editors/Airline Writers

PHILADELPHIA----Standard + Poor's,
one of the world's leading financial rating agencies, has affirmed
Philadelphia International Airport's "A" credit rating, with a stable
outlook.1%
increase in one year.

camp 90s

Airport bond payments and operating costs are
funded from landing fees, space rentals and other revenues generated
from airlines, concessionaires and other commercial users of the
Airport's facilities. In addition to intervention
programs, the participants are given showers, haircuts, brand new
clothing, shoes and sleeping bags for basic needs, and wonderful meals
and entertainment.

90s former

"The City has
worked very hard to ensure that Philadelphia's airport is one of the
finest in the country. Record numbers of travelers are using PHL,
and we expect our Airport to continue to experience growth and
stability ," said Charles J. 1 low-cost airline, and US Airways, the
dominant carrier at PHL. It is one of the largest economic engines in Pennsylvania,
generating an estimated $8 billion in spending to the regional economy
and employing a workforce of nearly 22,000.

philadelphia military

56 and $76.
The surge in passenger traffic is attributed to the abundance of
low fares provided by five low-cost carriers, including Southwest
Airlines, the nation's No. The Stand Down brings homeless
veterans and their families to a tent city where they stay for four
days.
The past four East Bay Stand Downs have helped provide a new lease on
life for more than 1,300 military veterans, thanks to the dedicated
support of thousands of community volunteers, military reservists and
community agencies., the largest union of California state employees -- issued this
statement today in response to Gov.

We will continue to stand up for the real people of California
-- not the ones who go to $100,000-a-plate fundraisers , but our
children and students, our veterans, the disabled, working
families, seniors , the poor, and all those who depend on vital
public services.

ex military

org

The National Coalition will present the award to
Mills at its Annual Conference in Washington, D.

family reunion

The S+P rating cited the Airport's:

Moderate cost and debt levels for a large hub at an estimated
$8.

early 90s

In Fiscal
2004, PHL's enplanements totaled approximately 13.3% above Fiscal 2001.phl.

'One Down Three to Go'

former philadelphia

---

- - kjjkjk

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