Dallas/Fort Worth Airport plans to lower its landing fees and terminal rents for airlines starting on April 1.
The airport will give back $16 million to the airlines that use DFW as the airport’s revenues were stronger than expected in 2015. Landing fees will drop to $2.25 per 1,000 pounds, down from $2.56. Terminal rents in B, D, and E will decline 7.7 percent while rents in terminals A and C will decline 10.8 percent.
“We actually estimate for 2016 for the year, we will be lower, on average, in landing fees than we were in 2015,” vice president of finance Max Underwood told the airport board at a committee meeting on Tuesday.
Under its lease agreements with the airlines, the airport takes some of the revenue it has generated beyond its actual budget amount and returns it to airlines that use the airport by lowering landing fees.
Separately, the airport is also considering a new advertising and sponsorship program that will bring more global brand ads into the airport’s terminals and the rental car center. The revenues expected from the agreement is at least $10 million.