(19/05/23) American Airlines has signed a 10-year Use and
Lease Agreement with Dallas Fort Worth International Airport (DFW), which includes $4.8 billion in pre-approved
capital investments, including the construction of Terminal F, the
renovation of Terminal C, construction of gate expansions at
Terminal A and Terminal C, and other significant modernization
projects.
The new Use and
Lease Agreement replaces the 2010 agreement and maintains many of
the same business arrangements as the prior version, which will
provide certainty and cost predictability to support the continued
growth of American and DFW.
The new agreement includes the following significant projects:
– An
estimated $2.72 billion for the expansion of the Central Terminal
Area, including a major reimagining of Terminal C, gate expansions
extending from Terminal A and Terminal C, and significant upgrades
to roadways and terminal access.
Infographic highlighting American Airlines at DFW
– An estimated $1.63 billion for
the construction of a new Terminal F, featuring a 15-gate
concourse.
– The terminal expansions will deliver 24
additional gates to prepare American and DFW for long-term growth.
At the completion of construction, American will add new gates in
the Terminal A and Terminal C piers to its operating portfolio.
The projects will also allow American to expand operations in
existing terminals to maximize its operational capability and
enhance the experience for connecting customers.
“American is
proud to call North Texas home, and DFW is our largest hub and a
central gateway to our extensive international and domestic
network,” said American’s CEO Robert Isom. “American has led the
growth that has propelled DFW to become the second busiest airport
in the world and we are thrilled to finalize a new lease agreement
and capital plan that sets the stage for American, DFW and the
North Texas region to continue to grow for years to come. We value
our longstanding relationship with DFW and are grateful to Mayor
Parker, Mayor Johnson, the DFW Airport Board and Sean for their
continued partnership.”
Approximately 85% of the passenger
traffic at DFW is customers of American Airlines, with about
two-thirds of American’s customers connecting through DFW to
access the airline’s global network.
American’s creation of a
“connection factory” at its largest hub has provided significant
benefits to the North Texas community, providing access to more
than 240 nonstop destinations out of DFW operated by American.
DFW
is also home to several of American’s alliance partners, creating
a seamless travel experience for customers connecting between
partner airlines at DFW.
The new Use and Lease Agreement
also reinforces American’s commitment to North Texas, which is
home to nearly 35,000 of the airline’s employees at the airport
and on American’s 300-acre Robert L. Crandall Campus in Fort
Worth.
The campus is home to American’s headquarters and is
designed to support its global operations and team members.
American recently opened its 600-room Skyview 6 Hospitality
Complex, the newest facility on campus that hosts staff
visiting for training.
American is not only a massive
economic engine to the Dallas-Fort Worth region, but throughout
the state of Texas. American’s total economic impact to Texas is
more than $42.7 billion annually, and the airline employs more
than 36,000 people across the state. Additionally,
American’s operation in Texas contributes to a total employment
impact of more than 365,000 jobs in the state.
“The Use and Lease Agreement not only creates a
predictable and equitable business model for DFW Airport, but it
also underscores the commitment of the airport and our airline
partners to provide passengers with the best possible travel
experience,” said DFW Airport CEO, Sean Donohue. “Our partnership
with American Airlines, our largest airline, is stronger than
ever. With the support of Robert Isom and the American team, we
are making investments that set the stage for the airport of the
future — one that prioritizes innovation, customer experience and
sustainability.”
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