The City of Columbia Makes First Payout to American Airlines

5 years 3 months 1 week ago Monday, April 08 2013 Apr 8, 2013 Monday, April 08, 2013 2:58:00 PM CDT April 08, 2013 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
(CNN) -- The 12 members of a youth soccer team and their coach who spent more than two weeks trapped... More >>
1 hour ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:24:00 AM CDT July 18, 2018 in News
JEFFERSON CITY (AP) — A Missouri program aimed at connecting stroke, heart attack and trauma patients with the best care... More >>
1 hour ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 8:17:00 AM CDT July 18, 2018 in News
(CNN) -- The owner of the Mandalay Bay hotel says it bears no liability in last year's Las Vegas concert... More >>
3 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 6:32:00 AM CDT July 18, 2018 in News
SPRINGFIELD (AP) — A 61-year-old southwest Missouri woman has been sentenced to life in prison for an ambush-style shooting of... More >>
3 hours ago Wednesday, July 18 2018 Jul 18, 2018 Wednesday, July 18, 2018 6:08:59 AM CDT July 18, 2018 in News
COLUMBIA - An arrest for suspicion of filing a false report has been made in connection to a reported robbery... More >>
10 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 11:44:00 PM CDT July 17, 2018 in News
CALLAWAY COUNTY - After four days of searching, Jerry Kinman has been found dead near Little Dixie Lake. Kinman,... More >>
11 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 10:19:00 PM CDT July 17, 2018 in News
STURGEON - The carnival rides at the Boone County Fair closed unexpectedly just hours after the fair opened because they... More >>
12 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 9:00:00 PM CDT July 17, 2018 in News
COLUMBIA - A democratic candidate for Missouri's fourth congressional district criticized the Republican incumbent Tuesday for her lack of action... More >>
15 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 6:46:00 PM CDT July 17, 2018 in News
COLUMBIA - The Columbia Chamber of Commerce harshly criticized the city council at Monday night's meeting regarding projects being put... More >>
15 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 6:41:00 PM CDT July 17, 2018 in News
COLUMBIA - Hy-Vee recalled its Spring Pasta Salad from 244 stores on Tuesday. Company officials said 20 illnesses by... More >>
16 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 5:54:00 PM CDT July 17, 2018 in News
MEXICO - Josh Hawley faced questions about President Donald Trump's summit with Russia as well as tariffs facing Missouri farmers... More >>
16 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 5:31:00 PM CDT July 17, 2018 in News
COLUMBIA - Construction crews began adding a turn lane for an upcoming Columbia middle school on South Sinclair Road on... More >>
18 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 2:58:00 PM CDT July 17, 2018 in News
BOONE COUNTY – Expecting mothers in Boone County will soon have more services at their disposal. The county received... More >>
19 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 2:16:00 PM CDT July 17, 2018 in News
JEFFERSON CITY - The Grain Belt Express Clean Line, a proposed energy transmission project through northern Missouri, got new life... More >>
19 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 1:59:00 PM CDT July 17, 2018 in News
ASHLAND - A child identification program wants to help parents be as prepared as possible in the event that a... More >>
20 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 1:41:00 PM CDT July 17, 2018 in News
JEFFERSON CITY - Nineteen agencies received more than $115,000 in grant money Tuesday from the United Way of Central Missouri.... More >>
21 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 11:56:00 AM CDT July 17, 2018 in News
COLUMBIA - Some people may notice their trash laying out on the curb for longer than usual on Tuesday. ... More >>
22 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 11:12:00 AM CDT July 17, 2018 in News
COLE COUNTY - A car chase which started in Cole County on Tuesday ended in Columbia with two arrests. ... More >>
23 hours ago Tuesday, July 17 2018 Jul 17, 2018 Tuesday, July 17, 2018 10:22:00 AM CDT July 17, 2018 in News
Columbia, MO
Broken Clouds 79°
10am 79°
11am 81°
12pm 83°
1pm 84°