Dallas/Fort Worth Airport CEO Sean Donohue is getting a six-figure bonus in addition to a 3 percent pay raise for guiding the airport through a successful 2015 fiscal year.
The DFW Airport board on Thursday approved the $127,462.50 payment — equal to 28.125 percent of his salary — that was part of an incentive compensation plan.
Donohue and his executive team achieved six of the 10 goals set out for the last fiscal year, including increasing international seat capacity and improving customer survey scores. The airport did not meet its goals related to employee engagement or to reducing runway incursions, with three incidents last year.
$466,796 new annual salary for DFW Airport CEO
“The goals that Mr. Donohue and his team put forward were stretch goals,” said board member Regina Montoya. “They didn’t achieve all of them but came very close.”
With the 3 percent raise, Donohue will earn $466,796 as his annual salary. He was also given a $2,266 lump-sum payment, or 0.5 percent of his current salary, as all employees were given 0.5 percent bonuses this year because of the airport’s solid financial performance.
Our friends at Love Field got a lot of attention this year with their growth....but because of the strength of the Dallas/Fort Worth economy, we continue to grow as well.
DFW Airport CEO Sean Donohue
Before receiving his bonus, Donohue briefed the board on the airport’s financial performance for the fiscal year ending Sept. 30. With new service to Beijing, Quito, Ecuador, and Managua, Nicaragua, the airport increased its international seat capacity by 7.4 percent with a record 7.7 million international passengers.
“Our friends at Love Field got a lot of attention this year with their growth ... but because of the strength of the Dallas/Fort Worth economy, we continue to grow as well,” Donohue said, adding that the airport had a record 63.6 million passengers.
During the busy Thanksgiving holiday travel period, Donohue said the airport’s operations ran smoothly despite severe weather that lasted several days.
“Despite all the rain, and there was a lot of it, our on-time arrival rate during the whole period was 85 percent,” Donohue told the board.