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

A Shared Mobility Model Takes Shape for Fleets

Technology that allows cab drivers flexible access to a shared fleet is leveling the playing field for an 89-year-old taxi company.

Safety Tech: Crash Avoidance or Sensory Overload?

As advanced safety technologies become even more pervasive on mainstream vehicles, are we creating “stupid drivers?"

Own the Fleet, Own the Future

In the dialogue surrounding new transportation paradigms, fleets have been off the public radar until recently. Here’s what’s going on, and a way for you to participate in the conversation.

Job Finder: Access Top Talent. Fill Key Positions.

>