STRATEGIC PRIORITY: Sustainable
AGENDA DATE: September 10, 2025
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Government Affairs
EXECUTIVE: Ahmad Goree
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SUBJECT
Title
A resolution to approve the Dallas Fort Worth International Airport Board's FY 2026 budget - Financing: No cost consideration to the City
Body
BACKGROUND
Dallas Fort Worth International Airport (DFW) is requesting that the Owner Cities of Dallas and Fort Worth approve its fiscal year (FY) 2026 Budget. The 1968 Contract and Agreement between the Cities of Dallas and Fort Worth requires that the Owner Cities approve DFW's annual budget. This document summarizes the major components of the DFW Airport's FY 2026 Budget. The resolution approving tThe FY 2026 Budget Book is scheduled for consideration at the September 10 City Council Meeting reflects DFW's continued strong growth with record passengers, non-airline revenues, and net revenues to the DFW capital account. It reflects a higher debt service due to the revised Terminal F program, but the lowest operating expense percentage increase since the pandemic.
Summary
DFW's FY 2026 Budget includes new records for passengers, non-airline revenues, and net revenue transferred to DFW's discretionary Capital Account. The FY 2026 Budget reflects higher debt service due to the revised Terminal F program but the lowest operating expense percentage increase since the pandemic. In 2023, DFW and the Airlines signed a 10-year Use and Lease Agreement with pre-approved capital investments, including the construction of a 15 gate Terminal F. In the second quarter of FY 2025, DFW and the airlines developed a new approach to Terminal F that increased the footprint to add a headhouse, parking garage, new roadways, and a federal inspection services facility, and increased the total number of gates to 31. This also increased the Terminal F budget from $1.6 billion to $4.0 billion, thus the hi...
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