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December 04, 2014

DFW Airport CEO given $113,850 cash bonus and 3 percent pay raise

American to Hong Kong 027Dallas/Fort Worth Airport chief executive Sean Donohue received a cash bonus and pay raise on Thursday for guiding the airport through its strong financial year.

On Thursday, the airport’s board approved a $113,850 cash bonus for Donohue, a little more than 25 percent of his $440,000 annual salary. The board also approved a 3 percent raise which will be effective on December 29, increasing Donohue’s salary to $453,200 a year.

Donohue has been the top executive at the airport for a little over a year and during that time the airport has served a record 62.9 million passengers. International traffic has grown as the airlines have added flights to China and the Persian Gulf region.

Prior to receiving his bonus, Donohue briefed the board on the airport’s financial performance for fiscal year 2014 which ended on September 30. He noted the airport generated over $100 million in revenues for the first time in its history and that 60 percent of its revenues come from non-airline sources such as concessions, parking and commercial development.

However, the airport needs to improve its customer experience, Donohue said, particularly as the airport spends $2.7 billion on renovating its four older terminals.

“Because of the impact that the construction is having on our customers at the airport, we have to step up our game,” Donohue said, adding it will be a primary focus for his executive team in 2015.

Donohue’s annual salary is slightly higher than his predecessor, Jeff Fegan, who retired in October 2013 after leading the airport for 19 years. Fegan also received a similar double-digit percent cash bonus in 2012.

-Andrea Ahles

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Comments

SkyTalkCritic

They need to do something about the pot holes in the roads near the terminals! Maybe we could bury Donohue in one of them.

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