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    Coronavirus News

    2 Dallas-Fort Worth airlines get billions in COVID-19 bailout

    Teresa Gubbins
    Apr 14, 2020 | 5:56 pm
    American Airlines airplane
    The airlines said that if they didn't get the funds, the entire industry would collapse.
    American Airlines

    Dallas-Fort Worth's two major airlines have both received billion-dollar bailouts from the U.S. government.

    • Dallas-based Southwest Airlines will receive more than $3.2 billion.
    • Fort Worth-based American Airlines Group Inc. will get $5.8 billion.

    They're among a number of major airlines getting financial aid from the U.S. Department of the Treasury - part of the $2 trillion economic stimulus plan that Congress passed in March.

    The funds come from the Payroll Support Program (PSP), created through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The money will go toward airline personnel salaries and benefits, and come in two forms: direct grants which the airlines won't have to repay, and loans, which they will have to repay.

    Southwest Airlines' $3.2 billion consists of more than $2.3 billion in payroll support, plus a nearly $1 billion unsecured term loan.

    American Airlines' $5.8 billion consists of $4.1 billion in payroll support, plus a $1.7 billion loan. On top of that $5.8 billion, American will apply separately for another loan from the U.S. Treasury of approximately $4.75 billion.

    In a statement, American Airlines chairman and CEO Doug Parker applauded the "collaborative, bipartisan approach" that the U.S. government took to hand out such a big chunk of change.

    "The Payroll Support Program recognizes the extraordinary dedication of our entire team, and importantly, sustains the critical air service being provided by our frontline team members," Parker said. "Those team members are our heroes, and we are elated that this program will enable us to continue to employ and pay our team while they fly through this period of depressed consumer demand."

    According to CNN, the airlines were initially balking at the idea of paying back any of the money at all, and that delayed this settlement. A coalition of unions representing pilots, flight attendants, and other aviation personnel wrote a letter to the Treasury Secretary saying that if the payroll grants were delayed, the aviation industry would collapse.

    Other airlines expected to get funds include Alaska Airlines, Allegiant Air, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, and SkyWest Airlines. Smaller airlines that receive less than $100 million in aid may not be required to pay back their aid.

    The Payroll Support Program protects American Airlines' personnel from involuntary furloughs or pay rate reductions through September 30, with the assumption that demand for air travel will have recovered by then.

    The loans are expected to have a 10-year term with low interest rates and may be repaid at any time prior to maturity.

    The airlines have also agreed to limitations on stock buybacks, dividends, and executive compensation, i.e. no raises until 2022.

    The PSP differs from the $350 billion Paycheck Protection Program, created to help small businesses with up to 500 employees with loans which are converted into grants if they keep their workers through the crisis. According to the NY Post, those funds are nearly depleted.

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    Hotel News

    Grand Hyatt hotel at DFW Airport to deploy million-dollar renovation

    Teresa Gubbins
    May 14, 2025 | 3:06 pm
    Grand Hyatt DFW
    Courtesy photo
    Grand Hyatt DFW hotel at DFW Airport

    DFW Airport is undergoing updates and now the remodeling bug has bitten the on-site hotel: Grand Hyatt DFW Airport, located inside Terminal D, is deploying a renovation of the property beginning in July.

    It'll be a multi-phased renovation that includes updates to guestrooms and suites, improvements to event spaces, enhancements to the restaurants and bars, plus re-envisioned lobby, guest lounges, and corridors throughout — anticipated to be completed by the end of 2025.

    In a statement, Grand Hyatt DFW Airport general manager Jeff Babcock notes that the hotel is celebrating a key anniversary.

    “We are thrilled to announce Grand Hyatt DFW will undergo a transformation to provide international and domestic travelers and local residents with new, more refined accommodations, enhanced culinary experiences, and modernized conference and event spaces for meetings and groups,” Babcock says. “In honor of our 20th year, the renovation will reinforce the hotel’s legacy as the premier hotel and event center supporting the international airport and connecting travelers to the Dallas Fort Worth culture and community.”

    The renovation at Dallas Fort Worth International Airport marks its biggest investment since it first opened in 1974. The plan, called DFW Forward, will invest $9 billion in capital improvements to transform terminals, increase the number of gates, enhance the airfield, and improve roadways. Highlights include the addition of a new Terminal F south of Terminal D, with room for up to 24 gates; rebuilding Terminal C; more gates for Terminal A and C; and a rebuilding of Terminal C's parking garage.

    “The remodeled Grand Hyatt – already known as one of the premier airport hotel experiences – will complement the ongoing enhancements and expansions across the airport as we create a smooth and enjoyable experience for our guests,” says DFW CEO Sean Donohue in a statement.

    Rooms
    Updates include:

    • An increase in the number of guestrooms and suites from 298 to 315
    • A new aeronautical design complemented by the style of a Texas landscape featuring local woods like Red River Pecan and Yellow Pine, with by a color palette that includes subdued greens and shades of natural blues
    • Stitched leather headboards and integrated lighting on the beds
    • Large HD flat screen televisions and new charging ports
    • Eco-friendly occupancy thermostats, enhanced lighting controls, and automatic blackout sheers and shades
    • Expansive closets and modern bathrooms with enlarged vanities, showers, and tubs

    Restaurants and lounges
    Food: A reimagined Grand Met restaurant and lounge will showcase a new style in dining at the airport, and its refreshed seasonal menus will offer new culinary experiences celebrating artisanal traditions combined with modern upscale dining. Keeping with the elegance of a jet-set lifestyle, the updated menu will serve international and modern cuisine with fresh ingredients sourced locally.

    Atmosphere: Seating capacity at the restaurant and the lounge bar will be increased with modernized tables and chair. Newly designed private and semiprivate dining rooms will be available for large and small parties. An acoustically-designed ceiling will keep conversations private.

    Meetings and events
    With more than 20,000 square feet of meeting and event space, including a 6,600 square foot ballroom, the final phase will unveil a new a top-floor executive boardroom, and a one-of a-kind indoor/outdoor rooftop event space overlooking the airport runways.

    The renovation will include state-of-the-art technical facilities for corporate meetings and gatherings, plus in-house audiovisual support for all types of events, with a redesign that incorporates the style of Texas and the beauty of the West.

    Lobby, corridors, and pool
    Steps away from the Transportation Security Administration (TSA)’s checkpoint in Terminal D, the newly envisioned hotel lobby will include marble tile flooring, specially-designed ceiling finishes, enhanced accent lighting, wood paneling, and artwork created by local.

    New corridors will connect the hotel to the airport. The hallways will feature a plush carpet with a pattern inspired by the airport’s design and airline flight movements, accented with blues and browns.

    A newly transformed fitness center with Pelotons bicycles will be located on the first floor, while an outdoor rooftop pool will overlook the runways.

    Each Grand Hyatt hotel is uniquely designed to be a captivating destination within a destination, boasting restaurants, spas, fitness centers, and business and meeting facilities.

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