Sun, Dec 05, 2004
Airport's 1500+ regular staff employees will remain eligible
for pay increases
DFW International
Airport's Board of Directors and CEO Jeff Fegan announced Thursday
that they would withhold any pay increases for the Airport's senior
staff and management team until at least mid-2005. The move
comes amid concerns about the Airport's financial outlook in the
wake of Delta's reduction of flights at DFW and the uncertainty of
leasing 24 empty gates.
It is the third time since 9/11 that senior staff members have
not received approved pay increases. The announcement was
made after the Board gave CEO Fegan and VP of Audit Services Rob
Darby "exemplary" ratings on their annual performance reviews in
today's Board meeting. Fegan and Darby are part of the
Airport's 44-member senior leadership team.
The Airport’s
1572 regular staff employees will still be eligible for pay
increases approved by the Board in September. Those increases
will take effect in January.
"Our senior staff has done a terrific job of navigating this
Airport through tough times following 9/11 and bringing us back for
the benefit of all of North Texas and our economy," said Max Wells,
DFW Board Chairman. "While their approved pay increases are
well-deserved and hard-earned, we felt this action was one more
financial step we needed to take until the situation in Terminal E
is resolved. We will continue to look to Jeff and the entire
senior staff team for leadership and guidance in the challenging
months ahead."
The Airport's senior
management team did not receive pay increases for one year
following the 9/11 terrorist attacks in 2001. Pay increases
were also delayed six months in 2003, as DFW and the aviation
industry dealt with a soft economy, SARS and continued airline
turmoil. The Board will review the Airport’s financial
circumstances next June before any increase is authorized.
"The Board is very pleased with the performance of this senior
team, and I am indeed grateful to lead a staff that is routinely
viewed by its peers and competitors as the best in the business and
willing to make sacrifices for our business," said Fegan (above,
right). "We also know that the families of these dedicated
men and women also routinely make sacrifices for our Airport.
We certainly hope we can reinstate the approved increases later
next year. And rest assured we will all be working hard to
fill the void left by Delta and continue to make this Airport the
economic engine of our community."
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