The City of Columbia Makes First Payout to American Airlines

3 years 10 months 2 weeks ago April 08, 2013 Apr 8, 2013 Monday, April 08 2013 Monday, April 08, 2013 2:58:00 PM CDT in News
By: Karline Swan

COLUMBIA - The city of Columbia announced unfilled seats on American Airlines means it will cut a check to the airline for $22,562. The payment is part of a revenue fund guarantee. This is the first payout for American Airlines since it began flying out of Columbia Regional Airport on Feb. 14. The city guaranteed the airline will make at least $5,012 for each flight to Dallas and $4,403 for each flight to Chicago. The city is in agreeance with American Airlines to pay the difference if the quota is not met. Greg Cecil, Chairman of the Columbia Regional Airport Advisory Board said there is only one way to cut the cost of the revenue fund.

"We don't want to have to pay anymore money [from the revenue fund] and if we fill the planes we won't have to," said Cecil.

The agreement is for two-years and guarantees American Airlines $3 million in revenue. Cecil thinks the revenue fund will pay off in the long run.

"Hopefully we can offer air service out of Columbia to destinations people want to get to and at a competitive price," said Cecil. 

He said it is difficult for a small city like Columbia to get a major airline like American Airlines to fly out. The revenue fund ensures people from the area have travel options. The city of Columbia put the revenue guarantee model in place to look like a model Manhattan, Kan. had in 2009. 

More News

Grid
List
COLUMBIA- Local dog boarding facilities are amping up their luxury of care for your pet. Several big city boarding... More >>
3 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 11:23:11 AM CST in News
HOUSE SPRINGS, Mo. (AP) — Authorities say they've arrested a suspect in connection with a weekend shooting death south of... More >>
5 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 9:37:00 AM CST in News
COLUMBIA - Residents of older homes in Columbia could be eligible for free water testing for lead. The My... More >>
6 hours ago February 26, 2017 Feb 26, 2017 Sunday, February 26 2017 Sunday, February 26, 2017 8:58:00 AM CST in News
LACLEDE COUNTY — A man accused of assaulting and sexually abusing his 5-month-old daughter nearly eight years ago finally has... More >>
16 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 11:02:00 PM CST in News
COLUMBIA — United Airlines flight schedules posted to its website Saturday night showed two new flights out of Columbia Regional... More >>
17 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 9:48:00 PM CST in News
COLUMBIA — U.S. Sen. Roy Blunt, R-Mo., announced Saturday that his local office space will be relocated from its current... More >>
18 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 9:11:00 PM CST in News
COLUMBIA — This weekend Missourians came together to give the Loos family a home makeover. Rhyan Loos, 7, was... More >>
20 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 7:21:00 PM CST in News
COLUMBIA — There is a significant "values gap" between employers and the millennials who work for them, according to a... More >>
20 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 7:05:00 PM CST in News
COLUMBIA — Boone County experienced at least a dozen fires Feb. 18, a number that did not surprise fire officials.... More >>
22 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 5:00:00 PM CST in News
JEFFERSON CITY — People from all over mid-Missouri gathered at the Miller Performing Arts Center Saturday to listen to local... More >>
23 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 4:00:00 PM CST in News
JEFFERSON CITY — A crash involving an anhydrous ammonia trailer killed one person in Jefferson City Saturday morning. According... More >>
23 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 3:44:00 PM CST in News
COLUMBIA — Representatives from two East Campus housing associations spoke at the Unified Development Code public forum Saturday and found... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 1:36:00 PM CST in News
COLUMBIA — Hundreds of mid-Missourians attended the 6th Annual Fitness for a Cure event Saturday, an event that benefitted the... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 12:01:00 PM CST in News
ST. CHARLES (AP) — A woman has been accused of stabbing a worker at a General Motors plant near St.... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 10:27:08 AM CST in News
JEFFERSON CITY (AP) — It could soon be legal for travelers to take their booze from the bar to their... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 10:04:05 AM CST in News
COLUMBIA — It all started with a Madden tournament. Columbia College's new president at the time, Scott Dalrymple, challenged students... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 8:39:00 AM CST in News
CAMDEN COUNTY — The Camden County Sheriff's Department has issued a Missing Endangered Person Report for Chad Hawk. Hawk was... More >>
1 day ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 4:41:00 AM CST in News
COLUMBIA — The Boone County Sheriff's Department has noticed a decrease in the number of concealed carry permit applications and... More >>
1 day ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 10:03:00 PM CST in Top Stories
Columbia, MO
Broken Clouds 48°
4pm 47°
5pm 46°
6pm 44°
7pm 41°

Select a station to view its upcoming schedule:

Coming Up Next

2:00p
PGA Tour Golf
5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
2:00p
The Bad News Bears
4:00p
My Girl
6:00p
Alfie

Tonight's Schedule

6:00p
Dateline NBC
8:00p
Neighbors
6:00p
Alfie
8:00p
Marvel's Agents of S.H.I.E.L.D.
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld