American Airlines and DFW Airport Sign Long-Term Use and Lease Agreement

posted on 16th May 2023 by Eddie Saunders
American Airlines and DFW Airport Sign Long-Term Use and Lease Agreement

American Airlines and Dallas Fort Worth International Airport (DFW) have signed a new 10-year Use and Lease Agreement, 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.

Fort Worth Mayor Mattie Parker, Dallas Mayor Eric L. Johnson, American Airlines CEO Robert Isom and DFW Airport CEO Sean Donohue gathered at DFW today for a special event to announce the Use and Lease Agreement, marking a new era of growth and innovation for the world’s second-busiest airport.

“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.”

“We are very proud that Fort Worth-based American Airlines has signed this important agreement to cement DFW’s status as American’s main hub and help us continue to meet the incredible demand we are experiencing in North Texas,” said Mayor Parker.

“Our region will become the nation’s third largest metro region within the next 10 years, and it’s no surprise that we have the second busiest airport in the world. Today’s agreement ensures DFW Airport is ready for the future and to continue serving as Fort Worth’s gateway to the world.”

“As a growing, international city, Dallas takes great pride in its partnerships with Dallas Fort Worth International Airport and American Airlines,” said Mayor Johnson.

“DFW Airport connects our community to the world and fuels economic growth throughout our region and state. We all recognize that North Texas is the place to be. Signing the new Use and Lease Agreement is one step to ensure our region remains well-positioned to thrive in the future.”

“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.”

The Use and Lease Agreement

The Use and Lease Agreement is the main governing document between the airlines and the Airport and establishes the Airport’s business model. The agreement outlines major capital projects over the next 10 years. The most significant projects include:

  • 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.
  • An estimated $1.63 billion for the construction of a new Terminal F, featuring a 15-gate concourse.