Earlier this week, City Council approved the 2024 fiscal budget for DFW Airport at a whopping $1.25 billion.
The new budget for the world’s second-busiest airport will go into effect on Sunday, Oct. 1, and run through Monday, Sept. 30, 2024.
The budget includes:
- $672.4 million in operating expenses that will cover increased passengers, fixed contract increases, inflation, and investments in digital technology
- $570.8 million in debt service and coverage that will accommodate two American Airlines facilities
- $10 million contingency (which requires approval from the airport’s board)
The total airline cost is budgeted at $613.3 million. The proposed 2024 budget is 6% higher than the $1.18 billion 2023 fiscal budget, which saw a 13% increase from 2022.
Dallas city leaders also approved the budget as a co-owner city.