Massachusetts Port Authority (Massport) operates three airports: Boston Logan International, Hanscom Field, and Worcester Regional. The agency also oversees various waterfront properties of the Port of Boston. Its Black Falcon Cruise Terminal is a popular port-of-call for luxury cruise lines. Logan, New England's largest airport and the first port of call for many international flights entering the US, accounts for the majority of Massport's revenues. Massport was created by the Commonwealth of Massachusetts in 1956. The governor of Massachusetts appoints the agency's board members.
Year-over-year fiscal year 2011 operating revenue rose about 2% thanks mainly to parking, concession, ground services, and other revenue from 2.1 million more passengers at Logan. Massport attributes the increase in passengers to four new airlines using Logan and growth in established airlines, among other factors. In all Logan provided services for more than 28 million passengers in in fiscal year 2011. Logan aircraft operations, mainly take-offs and landings, rose about 4% in 2011 as a result of more flights by low-cost airlines.
In 2010 Massport transferred ownership of the Tobin Memorial Bridge, which connects the Charlestown section of Boston with Chelsea across the Mystic River, to the new Massachusetts Department of Transportation. The deal was part of the commonwealth's overhaul of its transportation governance. The authority lost more than $15 million from the transfer. Massport had owned the Tobin Bridge for 50 years. – less