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Finance committee approves one-year American Airlines agreement with up to $1.8M revenue guarantee for Santa Fe–LAX service
Summary
The Santa Fe Finance Committee on Sept. 8 approved an air-service agreement with American Airlines for scheduled service to Los Angeles International Airport through Oct. 24, 2026, under which the city may make direct payments not to exceed $1.8 million to cover revenue shortfalls.
The Santa Fe Finance Committee on Sept. 8 approved an air-service agreement with American Airlines for scheduled service to Los Angeles International Airport through Oct. 24, 2026, under which the city may make direct payments not to exceed $1.8 million to cover revenue shortfalls and will waive certain airport fees estimated at $142,387. Staff said the New Mexico State Aviation Department awarded a $1,000,000 grant to the city to support the service and that grant funds will be used before drawing on city operating funds. Airport staff said there is an…
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