Over the past year, the Wichita Falls Regional Airport saw a decline in revenue causing it to receive a subsidy from the city’s general fund.
The city budgeted revenues at a little more than 1.2 million dollars for the airport which was a decrease of nearly $40,000 from the year before.
Wichita Falls Deputy City Manager Jim Dockery says the decrease is due to reduced customer and passenger facility fees and a decline in rental revenue from car agencies.
Overall, Dockery says the airport is running a $180,000 deficit and he says all of that is being paid for with the general fund.
Even though revenue is down, spending at the airport is up mostly because the airport has a debt service payment of $669,000 annually for the next 15 years.
Wichita Falls Aviation, Traffic and Transportation Director John Burrus says despite the numbers the airport makes pretty good money for an airport its size.
At Tuesday’s city council meeting, Burrus compared the Wichita Falls airport to Abilene subsides at $400,000-per-year from their general fund.
Dockery also says once the debt service is retired in around 15 years the airport’s income every year should come in at more than $500,000.