FORT WORTH, Texas (AP) - Airlines are cutting flights under the
pressure of rising fuel costs, and that means fewer passengers and
less money from parking and food concessions at Dallas-Fort Worth
For the first time in its 34-year history, the airport is
freezing its budget and rethinking future expansion plans.
With the airline industry in a nosedive, airports are hitting
turbulence. After years of growth, they are delaying capital
projects, freezing hiring, and considering increases in everything
from landing fees to parking. Concessionaires are hurting, and many
expect to close.
Some airports are expected to lose more than 10 percent of their
scheduled service later this year as airlines eliminate flights.
Relatively speaking, Dallas-Fort Worth is sitting pretty thanks
to a stroke of only-in-Texas good luck. An energy company has
already paid the airport more than $160 million to drill for
natural gas, and royalties could boost the tab for years to come.
Even so, American and American Eagle will cut flights here
beginning next month. Airport officials predict the number of
passengers will decline more than 7 percent, to about 54 million in
the next fiscal year.
(Copyright 2008 by The Associated Press. All Rights Reserved.)