Delta, growing in LA, could spend US$1b plus at LAX, source says

Among all the enhancements that Delta has made since its 2008 merger with Northwest, perhaps the most dramatic has been its expansion in New York, which has included building 2 hubs, spending more than US$2b to expand airport facilities. Now Delta wants to repeat the transformation in Los Angeles. In New York, Delta built 2 hubs 12 miles apart at congested airports. At Los Angeles International, Delta wants to move to new terminals at another congested airport where it and American and United all operate hubs. Each of them carried between 16% and 17% of airport passengers in 2015 Last month, Delta signed a letter of intent to rehabilitate LAX Terminals 2 and 3 and to move there from Terminal 5. Nothing happens unless the airport and the Los Angeles City Council approve the deal. <br/>
The Street
http://www.thestreet.com/story/13457320/1/delta-growing-in-l-a-could-spend-1-billion-plus-at-lax-source-says.html
2/15/16