Airlines are pitching in to help renovate and expand U.S. airports, while jostling for the extra gates
Competition between airlines is heating up over airport expansion plans.
American Airlines Group Inc. signed on last month to a $8.5 billion renovation at O’Hare International Airport after bristling for months at what it argued was preferential treatment for the Chicago gateway’s largest tenant, United Continental Holdings Inc.
American, United and other carriers at O’Hare agreed to new airport leases that will underpin funding plans for an expansion that is being mirrored at other big hubs across the country. From Los Angeles to New York to Atlanta and dozens of other airports, airlines and local officials are planning $100 billion in renovations over the next few years, according to the Airports Council International-North America trade group.
The Wall Street Journal
By Doug Cameron and Patrick McGroarty
April 11, 2018