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.
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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.