Revenue from concessions at Dallas/Fort Worth Airport has dropped since American Airlines changed its flight schedule this spring, giving connecting passengers less time to shop and eat in the terminals.
Chris Poinsatte, the airport’s chief financial officer, said concessions revenue is down 5.2 percent from what the airport had budgeted for its current fiscal year. In March, American “rebanked” at DFW, concentrating more flights into narrower periods.
“The rebanking has hit us,” Poinsatte said at an airport board committee meeting Tuesday. “We did not anticipate that as much as it has hit us in the budget.”
He said the decline is also partly due to less advertising for concessionaires.
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Although concessions are generating less than expected, the airport should end its fiscal year with higher-than-budgeted overall revenue. Poinsatte said terminal revenue has risen because of a rise in international traffic.
As a result, the airport plans to lower landing fees and terminal rents for airlines by about $12 million for the next three months. The landing fee, $2.69 per 1,000 pounds at the beginning of the budget year, will drop to $1.99 for August and September, Poinsatte said.
Poinsatte also gave board members a preview of the fiscal 2016 budget. The airport staff is proposing a $424 million budget, up from $411 million.
“We’ve already cut $11.4 million out, and we have some further reductions to make,” Poinsatte said. The airport board will be asked to approve the budget in July.
Andrea Ahles, 817-390-7631