American Airlines Announces More Great News at LAX
June 27, 2017
by Gary Toebben
This coming Fourth of July weekend will be extremely busy at Los Angeles International Airport. Travelers during the biggest holiday weekend of the summer will be part of an estimated 25.6 million summer passengers, a 2.7 percent increase over 2016. As traveler counts continue to rise, so does investment in the number one origin and destination airport in the world.
Earlier this month, American Airlines and Los Angeles World Airports (LAWA) announced $1.6 billion in improvements to Terminals 4 and 5 during the next 15 years. This investment will connect the two terminals on both the landside and the airside. It will also facilitate the new infrastructure that will be necessary to seamlessly connect passengers with the automated people mover that will be constructed as part of the Landside Access Modernization Program (LAMP). These improvements will enable American to grow their operations and destinations from their current 225 flights a day.
American's commitment to LAX comes on the heels of Delta Air Lines' plan to invest $1.9 billion to modernize and connect Terminals 2 and 3 with the Tom Bradley International Terminal. United Airlines and Southwest Air, the two other largest carriers at LAX have also made significant upgrades. United is investing $573 million in improvements to Terminals 7 and 8 and Southwest has made $516 million in upgrades to Terminal 1 during the last two years. These investments are all in addition to LAWA's commitment to an automated people mover, intermodal transportation facilities and a consolidated rental car facility as part of the $5.5 LAMP program, which received final approval from the City Council earlier this month.
The LAX upgrades that are already in place led to LAX being named as one of 2017's top 10 most improved airports across the globe. The world is noticing and so is our local economy. A 2014 study reported that LAX's ongoing capital-improvement program will create 121,640 annual jobs with labor income of $7.6 billion and economic output of $20.3 billion. The investments will also generate $966 million in state and local taxes and $1.6 billion in federal taxes.
Improved customer experience, job creation and economic stimulus. Thank you LAWA, American, Delta, United and Southwest for investing in LAX and providing a win, win, win for L.A.
And that's The Business Perspective.
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