This forecast includes airlines and tenant charges, non-airline revenues and non-operating revenues.
Any statements involving matters of opinion or estimates, whether or not expressly so stated, are intended as such and not as representations of fact. The Controlling Documents define how the Airport manages its financial affairs.The 1968 Contract and Agreement established the Airport Board and provided the authority for the Board to act on behalf of the Cities of Dallas and Fort Worth in managing the Airport.In 2010, the Owner Cities approved a Master Bond Ordinance, which amended and restated the Controlling Ordinances. Certain of the Airlines (or their respective parent corporations) are subject to the information reporting requirements of the Securities Exchange Act of 1934 and in accordance therewith file reports and other information (collectively, the “SEC Reports”) with the Securities and Exchange Commission (the “SEC”). The remaining Board members are appointed by the respective City Councils. No assurances can be given that such projections or estimates will occur or be realized, and actual results may differ materially.
No representation is made that any of such statements will be realized.The information on this website may include forward-looking information, including projections and estimates. In its second major refunding deal in 10 days, Dallas-Fort Worth International Airport again achieved net present value savings of 27% on tax-exempt bonds, officials said. DFW is planning to issue two series of senior-lien, joint revenue refunding bonds, aggregating at about $875 million, to achieve debt service savings for outstanding bonds. The Dallas Fort Worth International Airport is jointly owned by the Cities of Dallas and Fort Worth. The DFW Cost Center will retain any excess revenues subject to the provisions of the Use Agreement.The Airport is required to have an annual year-end audit performed by an independent certified public accountant. The Airport has retained the service of Digital Assurance Certification (DAC) to assist with these filings. This budget includes the Airport’s projected operating expense, excluding depreciation, plus the amount of incremental coverage, which will cause rolling coverage to equal at least 1.25 times the amount of Accrued Aggregate Debt Service. The airport also plans to take out outstanding CP notes under a program introduced in 2019 to utilize for interim financing.
The annual Budget is reviewed with the Airlines and approved by the Owner Cities.
These ratings reflect only the respective views of the rating agencies, as of the date of the respective reports.
This site contains important investor and financial documents.You must read the following information before accessing the website.
Each fiscal year management prepares an Annual Budget of projected expenditures. This budget includes the Airport’s projected operating expense, excluding depreciation, plus the amount of incremental coverage, which will cause rolling coverage to equal at least 1.25 times the amount of Accrued Aggregate Debt Service.
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