Airlines Seek Exit from O’Hare Renovation Amid Cost Overruns
American Airlines and United Airlines are pushing to withdraw from the O’Hare International Airport renovation project in Chicago, citing substantial cost overruns. Originally estimated at $8.7 billion, the undertaking has experienced a budget surge to a projected $12.1 billion, with a $1.5 billion overshoot. The airlines are advocating for a slowdown or pause to avoid further financial strain, a move met with criticism. Chicago Mayor Brandon Johnson is yet to determine whether to uphold the original 2018 agreement. Despite the airlines receiving promised runway upgrades, they argue that aesthetic and beautification projects contribute to the escalating costs and propose their elimination.
Former Chicago Mayor Rahm Emanuel, currently serving as the Ambassador to Japan, has expressed disappointment with both airlines but acknowledged that the deal was signed at a price point already exceeding the budget. While Emanuel emphasized the completion of the entire project, the airlines contend that eliminating certain elements could address the financial challenges. The renovation encompasses a new terminal to support both domestic and international flights.
Additionally, ongoing discussions are exploring the possibility of flights between O’Hare and Chicago’s other major airport, Midway. The situation highlights the complexities of balancing financial considerations, aesthetic enhancements, and the need for comprehensive airport improvements. The outcome will significantly impact the future of O’Hare International Airport, a crucial hub for both American and United Airlines.
