D/FW Forecasting Revenue Shortfall

Dallas/Fort Worth Airport is feeling the effects of cuts in flights resulting from the Wright Amendment and high fuel costs and of American Airlines' delay in using the new international terminal.

Four months into the airport's 2006 fiscal year, officials are projecting a revenue shortfall of $35 million to $39 million below the budgeted $635 million.

Airport officials blamed 78 percent of the revenue loss on fewer flights and passengers.

An additional 14 percent is attributed to Fort Worth-based American's 98-day delay in beginning service at Terminal D.

American Airlines and other carriers announced cutbacks in service, partly because of high fuel costs.

American announced further reductions in December when it said it would cut 31 flights so it could add service at Dallas Love Field.

Airport officials expect to save at least $17 million by refinancing some of its bonds and applying that to the shortfall.

The officials also plan to limit discretionary spending, according to a presentation made to the airport's board members last week.

Fort Worth Star Telegram

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