2. WN and AA could increase their flight count again, they have the space.
Based on Massport policy, aren’t WN and AA at the risk of having gates taken away from them if they decrease gate utilization and/or aren’t utilizing them beyond a certain level? Do WN and AA not care about that? Based on that fact, is it safe to assume they’ll increase service, whether it’s restoring cut flights/frequencies or starting new flights?
Page 165 details the leases (before WN's move to B in August and page 166 details the recapture provisions.
Basically if you aren't using a gate, even if its leased to you, and someone else needs it, you have to let them, regardless of who they are. Refuse and you lose the gate.
WN, NK and AS are on monthly leases that can be pulled with 30 days notice.
B6, DL, UA and AA - have recapture language that if your average per gate drops below the airport wide average (I am assuming between A, B and C) then you can lose gates. So this one is the risk for AA and UA if they drop too far. Also explains the reduction in gates following the move round to accommodate other carriers and lessen the risk of losing further gates as a result. With the MAX issues, clearly AA are probably most at risk.
For all but AA, of the big 4, annual renewable leases are in place, AA is going to be interesting because they were given 20 year leases on 8 gates which expire 6/13/2021 and 13 gates which expire 9/30/2023, however of those 3 are subleased to AC, which leaves the 18 gates that AA currently has.
Upshot is, AA and WN are probably most at risk right now, however I have a suspicion that due to the MAX issues, Massport maybe giving both a pass in terms of reduced usage until they fly again. Now, if the MAX's fly and the frequencies don't return, then things could get very messy indeed, especially when Massport built 2 new gates for WN usage and were at one point expecting more..
That feeling when you sit at the end of a runway, brakes are released and the raw power takes over. Now that is a thing of beauty and it never gets old.