Fox News Flash top headlines for May 16
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- American Airlines' new lease at Dallas-Fort Worth International Airport includes $4.8 billion in funding, $1.63 billion of which will be used to construct a sixth terminal with 15 gates.
- Other funding would be allocated toward renovations to Terminals A and C.
- Dallas-Fort Worth is the world's second-busiest airport, only trailing Hartsfield–Jackson Atlanta International Airport.
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.
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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.
American Airlines has signed off on a $4.8 billion lease with Dallas-Fort Worth International Airport, which includes funding for a sixth terminal. (AP Photo/Kiichiro Sato, File)
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.
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American's new lease and airport-use agreement replaces one that expired in 2020.
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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.
