American Airlines and DFW Airport sign a long-term use and lease agreement, paving the way for future growth

Fort Worth, Texas — American Airlines and Dallas-Fort Worth International Airport (DFW) have signed a new 10-year use-lease agreement, which includes $4.8 billion in previously approved capital investments, including construction of Terminal F, and renovation of the terminal. C, construction of gate expansions at A and C terminal, and other significant modernization projects.

The agreement includes plans for Terminal F, the renovation of Terminal C, and other major capital investments

Fort Worth, Texas — American Airlines and Dallas-Fort Worth International Airport (DFW) have signed a new 10-year use-lease agreement, which includes $4.8 billion in previously approved capital investments, including construction of Terminal F, and renovation of the terminal. C, construction of gate expansions at A and C terminal, 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 airline. The second busiest airport in the world.

“American is proud to be home to North Texas, and DFW is our largest hub and central gateway to our extensive international and domestic network,” said Robert Isom, CEO of American. “America has led the growth that has propelled DFW to become the second busiest airport in the world, and we are pleased to have entered into a new lease agreement and capital plan that is paving the way for America, DFW and North Texas to continue growing for the years to come. We value our longstanding relationship with DFW and are grateful to Mayor Parker and Mayor Johnson, DFW Airport Board and Shawn for their continued partnership.”

“We are very proud that Fort Worth-based American Airlines has signed this important agreement to further strengthen DFW’s position as a major hub for America and help us continue to meet the tremendous demand we are seeing in North Texas,” said Mayor Parker. Our region will become the third largest metro area in the country within the next ten years, and it is not surprising that we have the second busiest airport in the world. Today’s agreement ensures that DFW is ready for the future and continues to serve as Fort Worth’s gateway to the world.”

“As a growing international city, Dallas is proud of its partnerships with Dallas-Fort Worth International Airport and American Airlines,” said Mayor Johnson. DFW Airport connects our community to the world and supports economic growth throughout our region and state. We all understand that North Texas is the place to be. Signing the new lease and use agreement is one step in ensuring that our region remains well positioned to thrive in the future.”

“The use-lease agreement not only creates a predictable and equitable business model for DFW Airport, but also affirms the commitment of the airport and our airline partners to providing passengers with the best possible travel experience,” said Sean Donohue, DFW Airport CEO. “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 pave the way for the airport of the future—one that prioritizes innovation, customer experience, and sustainability.”

Use and rental agreement

The use and lease agreement is the main governing document between the airlines and the airport and defines the airport’s business model. The agreement outlines major capital projects over the next ten years. Among the most important projects are the following:

• An estimated $2.72 billion to expand the Central Terminal area, including a major reimagining of Terminal C, gate expansions spanning Terminal A and Terminal C, and significant upgrades to roadways and terminal access.
• An estimated $1.63 billion to build the new Terminal F, which has 15 gates.

The terminal expansions will provide an additional 24 gateways to prepare America and DFW for long-term growth. Upon completion of construction, American will add new gates at Terminal A and Terminal C docks to its operating portfolio. The projects will also allow the US to expand operations at existing terminals to maximize its operational capacity and enhance the customer connecting experience. The new agreement will allow American and DFW to work together on additional capital projects throughout the lease term.

The new lease-use agreement replaces the 2010 agreement and maintains many of the same business arrangements as the previous version, which will provide certainty and cost predictability to support continued growth at American and DFW.

DFW’s American operation and investment in North Texas

Approximately 85% of DFW’s passenger traffic is American Airlines customers, with about two-thirds of American customers connecting through DFW to access the airline’s global network. The creation of America’s “connection factory” at its largest hub provided significant benefits to the North Texas community, providing non-stop access to more than 240 destinations outside of American-operated DFW. DFW is also home to many US alliance partners, creating a seamless travel experience for customers connecting DFW partner airlines.

The new lease and use agreement also reinforces America’s commitment to North Texas, which has approximately 35,000 airline team members at the airport and at Robert L. Crandall’s 300-acre American Campus in Fort Worth. The campus is home to the US headquarters and is designed to support its global operations and team members. American recently opened the 600-room Skyview 6 hospitality complex, the newest facility on campus that hosts visiting team members for training.

America is not only a huge economic engine for the Dallas-Fort Worth area, but throughout the state of Texas. America’s total economic impact on Texas is more than $42.7 billion annually, and the airline employs more than 36,000 team members across the state. In addition, American’s Texas operation contributes to the total employment impact of more than 365,000 jobs in the state.

About American Airlines Group
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