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Orlando airport expects lower revenue next year

Orlando will take a big hit after Labor Day when airlines cut schedules to battle higher fuel bills and push up fares.

Orlando International officials said Wednesday that revenues for the fiscal year starting Oct. 1 at Florida's busiest airport should drop 3 percent, or $10.4-million, from the current year.

They plan to cut expenses $23-million, mostly by delaying construction projects. The airport also will impose a $2.50-per-day tax on rental cars to help finance a $103-million overhaul of rental car facilities.

Tampa International expects slightly higher revenues for the upcoming fiscal year, thanks to the Super Bowl in February and the opening of new restaurants. But officials will put off $4.5-million in construction projects until early 2009 to see if projections are on target.

Orlando airport expects lower revenue next year 08/21/08 [Last modified: Saturday, August 23, 2008 1:18pm]
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