Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

American Airlines' new Dallas-Fort Worth lease includes $1.6B for 6th terminal

American Airlines has signed off on a lease at Dallas-Fort Worth International Airport, which calls for the construction of a new terminal and renovations on two others.

American Airlines has signed a new lease at Dallas-Fort Worth International Airport that will include $4.8 billion to build a new terminal and renovate one of the five current terminals, airline and airport officials said Tuesday.

The $1.63 billion new Terminal F would include 15 gates. The deal also calls for $2.72 billion to renovate Terminal C and add nine gates in "piers" that will extend from terminals A and C. American will control those gates.

FORMER CEO OF AMERICAN AIRLINES STEPS DOWN AS CHAIRMAN

The work is designed to prepare Fort Worth-based American for the expected growth in air travel. DFW is the second-busiest airport in the world, behind only Hartsfield–Jackson Atlanta International Airport.

The sixth terminal at DFW has long been planned but was delayed by the pandemic, which caused air travel to decline sharply for two years. Air travel has recently rebounded roughly to 2019 levels, and in some months, topped pre-pandemic traffic.

AMERICAN AIRLINES PASSENGER PLEADS GUILTY TO ASSAULTING FLIGHT ATTENDANT OVER MENU CHOICES

American's new lease and airport-use agreement replaces one that expired in 2020.

American and its American Eagle partners control more than 80% of the airport's traffic, with runner-ups Spirit Airlines and Delta Air Lines each carrying about 4% of DFW passengers, according to government figures through March.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.