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American Airlines To Invest $1.6 Billion Into LAX Terminals
(Photo by Matthew Dillon via LAist Feature Photos pool on Flickr)
American Airlines announced a $1.6 billion investment into its presence at LAX, committing to improving terminals 4 and 5. The investment comes through a 15-year lease agreement with Los Angeles World Airports, with the improvements include possible new gates for American Airlines as they add new destinations. Doug Parker, CEO of American Airlines, said "This investment will not only improve the customer experience, but it will also give our employees a better place to work every day."
The improvements will include centralized security, improved check-in facilities, and connections to the upcoming LAX public transportation projects (like the people mover connecting the airport to the new metro station), according to Curbed.
These investments, like the Delta improvements, don't always mean a boon for LAX itself, according to the L.A. Times. Often, the airport ends up reimbursing airlines' investments in the form of fee cuts and lowering charges for operating out of the airport.
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