News Formal

New terminal at DFW Airport could be back on the table - Dallas Business Journal

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Terminal F has been paused since 2020 when the Covid-19 pandemic began. Now, it could be at the center of negotiations between the airport and airlines over new use agreements.

The request to the airlines comes amid a recovery for the travel industry. The major airlines have seen passenger demand boom, and fares have spiked. Fort Worth-based American Airlines Group Inc., the dominant carrier out of DFW, reported record revenue in the second quarter and a return to profitability. The airport itself has also experienced a turnaround,Earlier this month, DFW’s board of directorsfor fiscal 2023, representing a 13% increase from the current fiscal year.

American Airlines has more than 80% market share at DFW and stands to benefit from a new terminal. The carrier also has to ensure it grows in a cost-effective way, which means the project is almost surely at the center of the use agreement negotiations. While DFW can use Terminal F-related spending as a bargaining chip, the airport controls landing fees. During the budget discussions, Chief Financial Officersaid DFW does not plan to impose a rate increase on the airlines in the first quarter. However, he said the airport has scheduled a rate increase set to go into effect in January.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 525. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart electric delivery vehicles from Canoo hit the roads of DFW - Dallas Business JournalJust weeks after signing an agreement to purchase 4,500 electric vehicles for its home delivery fleet, Walmart has begun deploying the Canoo vans. Here's where you might catch a glimpse of one. Walmart $100 ! gift card. sign up now.and get your giveaway 👇👇👇
Source: DallasBizNews - 🏆 525. / 51 Read more »

Stellar Service Brands, backed by MPK Equity Partners, moves headquarters to Uptown Dallas - Dallas Business JournalWith an eye toward talent attraction and retention, in addition to a deeper transportation network, MPK-backed Stellar Service Brands is uprooting its Waco headquarters for a new Dallas base.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Florida-based Benihana opens a new location in Addison - Dallas Business JournalBenihana currently operates additional Texas locations in Austin, Southlake, Las Colinas, Highland Village, Addison Walk, Dallas and Plano.
Source: DallasBizNews - 🏆 525. / 51 Read more »