Typically, the airport brings in more than $147 million in parking revenue and close to $170 million in rent from airport concessions each year.
But now, airport parking lots and decks are mostly empty and hundreds of concessions locations are closed. The airport has granted rent relief to concessionaires.
The early targets are for $50.1 million in revenue from concessions and $63.5 million from parking in the next fiscal year — which would be down more than $200 million combined from the 2019 fiscal year.
Cargo volumes are also expected to decline.
Hartsfield-Jackson is set to get a sizable financial boost, however, from $338.5 million in federal stimulus funding from the CARES Act. To get the money, the city's Department of Aviation must keep at least 90% of its employees through Dec. 31. Hartsfield-Jackson plans to keep headcount flat in the next fiscal year, according to spokeswoman Elise Durham.
The vast majority of the 63,000 workers based at Hartsfield-Jackson work for airlines, concessionaires and contractors. Many have been laid off. The City of Atlanta itself has more than 700 airport employees.
The airport plans to defer rent payments from financially strapped airlines for the April-June period — but the payments for landing fees and terminal rent would still be due Jan. 1.
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