(KLIX)- The Magic Valley Air Show came away with a $53,000  profit and cost just $261,000 . The event organizer Jim O’Donnell gave the report to the Twin Falls City council telling them another show needs to be done. O’Donnell says many area businesses helped make the air show turn out the way it did. He also credits the many volunteers that helped organize the show that featured the Blue Angels for a second time. The $53,000  will be used as seed money for future shows. Dan Olmstead, an event volunteer also told the city council an estimated number on the overall economic impact to the Magic Valley was in the range of $1.2 to $1.5 millions. Every single council man and woman praised the outcome of the airshow and the people who put it together.