United Commits to Keeping Hub in Denver
United Airlines announced that it has extended its lease with Denver International Airport through the year 2035, and said it will maintain its hub operations at the airport at least until that time. Airport officials said that the agreement will allow DIA to restructure its debt, as well as allow United to cut back on the number of non-gate facilities it pays for.
The airline had originally signed a 30-year lease agreement with DIA when the airport first opened in 1995. United was the only carrier to sign a long-term agreement.
The new extension is expected to save United around $35 million annually, as well as save money for other airlines at Denver International Airport through debt restructuring, airport officials said.
United is currently the number one operator at Denver in terms of passenger count, although its commitment to keeping the airport as a hub has been in question since it merged with Continental Airlines in 2010. Airline officials said in July that United was evaluating several of its hubs, Denver being one of them.
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