Eastern Iowa Airport Reports Decrease of Rental Car Revenue

According to The Gazette, the Eastern Iowa Airport expects to receive 9% less revenue from its rental car providers, including Avis and Budget, Enterprise Rent-a-Car, National Car Rental and Alamo Rent A Car and The Hertz Corp., over the next five years.

Don Swanson, airport director of finance and administration, said the four companies submitted proposals for five-year contracts with the airport. The total minimum annual guaranteed revenue decreased from $1.4 million to $1.3 million.

The airport will receive additional revenue under the terms of the agreements if rental car traffic picks up in the later years of the contracts, Swanson said.

View the full article from The Gazette by clicking on the URL:
http://thegazette.com/2013/02/25/eastern-iowa-airport-to-receive-less-rental-car-revenue/

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>