Dallas Fort Worth International Airport (DFW) and American Airlines have signed a new 10-year Use and Lease Agreement that will see 4.8 billion USD invested in the airport’s future growth.
This plan includes the construction of Terminal F and the renovation of Terminal C, alongside other significant modernisation projects.
In total, an additional 24 gates will be established at the airport to prepare DFW and American Airlines for long-term growth.
Sean Donohue, CEO of DFW said: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. Our partnership with American Airlines, our largest airline, is stronger than ever. With the support of Robert Isom, CEO of American Airlines and the American team, we are making investments that set the stage for the airport of the future – one that prioritises innovation, customer experience and sustainability.
Under the agreement, an estimated 2.72 billion USD will be invested in the expansion of the Central Terminal Area.
This will include the transformation of Terminal C, with pier expansions being built off Terminal A and Terminal C.
In addition, significant upgrades will be made to the roadways and terminal access points.
Furthermore, around 1.63 billion USD will be used to construct a new Terminal F with a 15-gate concourse.
The new terminal will feature modernised baggage handling and expanded concessions to help accommodate the growing demand for air travel.
American’s CEO Robert Isom said: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. American has led the growth that has propelled DFW to become the second busiest airport in the world and we are thrilled to have finalised 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.
The new Use and Lease Agreement replaces the 2010 agreement that expired in 2020 and was extended during the pandemic.
