How much did DFW Airport's planned capital spending increase in the FY2024 CIP?

Planned spending rose 52%, from $1.2 billion in the 2023-2027 CIP to nearly $1.9 billion in the FY2024 CIP.

Why did the Joint Capital category increase the most?

The Joint Capital category increased by 63%, driven by the new $197 million Terminal F - Phase 1 project, plus increases of nearly $100 million for the SW End Around Taxiway and $77 million for the Runway 17R Reconstruction.

Dallas Fort Worth International Airport, Texas, Planned Capital Spending Increased by 52%

Q: What is the largest capital project in DFW Airport's FY2024 CIP?

The largest line item is Terminal F - Phase 1, worth $197 million, which includes the terminal concourse, an underground baggage transfer system, utilities, new aircraft parking positions, operational hardstands, and an expanded busing facility in Terminal D. It is expected to open in Fiscal Year 2027.

FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by the Dallas Fort Worth International Airport, Texas. Here are our observations.

How Much Is DFW Airport Planning to Spend in Its FY2024 CIP?

In the CIP covering the 2024 fiscal year, Dallas Fort Worth International Airport detailed plans to spend nearly $1.9 billion on capital projects, an increase of 52% from $1.2 billion in its 2023-2027 CIP. The current CIP has 64 line items, compared to 88 line items in the prior CIP. The table below breaks down the Airport’s planned capital spending by business area for its last two CIPs.

Dallas Fort Worth International Airport planned capital spending by business area, last two CIPs (numbers are rounded).

Substantial Increase In Joint Capital Category

Planned spending in the Joint Capital category increased by 63% due to a new project added, the construction of the Terminal F - Phase 1, worth $197 million. The ongoing SW End Around Taxiway and Runway 17R Reconstruction also increased by nearly $100 million and $77 million, respectively.

Nearly $200 Million Planned for the Construction of Airport Terminal

Dallas Fort Worth International Airport has three notable line items valued at over $100 million, all belonging to the Joint Capital category. The largest line item is the Terminal F - Phase 1, worth $197 million which includes the terminal concourse, an underground baggage transfer system, utilities, new aircraft parking positions, operational hardstands and an expanded busing facility in Terminal D to accommodate international hardstands. Terminal F Phase 1 is expected to open in Fiscal Year 2027. In addition, $114 million is planned for the SW End Around Taxiway. Lastly, $105 million goes to the reconstruction of the Airport’s primary departure runway, 17R, and its associated hold pads.

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