Dallas Fort Worth International Airport (DFW) has presented its 2023 State of the Airport (SOTA). It highlights the economic benefits of the air connectivity the airport enables.
2023 State of the Airport: DFW Economic Impact on North Texas
Dallas Fort Worth International Airport (DFW) plays a significant role in the local economy. According to a recent economic impact study, the airport contributes about $38 billion in payroll. DFW supports $24 billion in visitor spending and generates approximately $5 billion in state and local tax revenue annually. The study also revealed that DFW supports over 634,000 direct and indirect jobs, making it a crucial regional economic powerhouse.
Second-Busiest Airport in the World
“DFW Airport is an incredible asset driving the economic activity for our entire metro area, which is the fourth largest and fastest growing in the country. Since I became mayor, DFW has become the second-busiest airport in the world, supporting over 634,000 jobs across our region,” said Dallas Mayor Eric L. Johnson. “I truly believe we have the finest international airport in the country, and I look forward to working with the other members of the Board of Directors and the Airport’s leadership to further position DFW for continued growth and success.”
Gateway for Community Progress
“Airports are not just gateways to the world. They are gateways for our community’s prosperity and progress,” said Fort Worth Mayor Mattie Parker. “DFW’s success as a job creator and economic engine is connecting our region to global audiences and enhancing economic opportunities for our businesses and residents alike.”
Main Economic Engine in Texas
“We are proud to continue serving as one of the main economic engines not just in North Texas, but in the entire state of Texas,” said Sean Donohue, CEO of DFW International Airport. “DFW is committed to making the investments and developing the strategic relationships around the world that will lead to even more destinations, support new flights, create unforgettable travel experiences and attract the best talent in the industry.”
Significant Growth in Visitor Spending
According to the latest economic impact study by the Perryman Group, DFW Airport contributed to significant visitor spending and job creation. Since 2015, visitor spending has increased by 24.7% (from $19.2 billion to $23.96 billion). The airport now supports 25% more jobs (from 508,272 to 634,789). As a result, the study estimates that DFW Airport’s operations and passenger spending have led to an increase in annual tax receipts. DFW contributes approximately $7.1 billion to the federal government. It also supplies $3.1 billion to the state of Texas. Critically, DFW contributed nearly $2 billion to local government entities across the North Central Texas Region.
Inside DFW’s Reconstructed Terminal C and New Terminal F
Additionally, during today’s State of the Airport event, DFW unveiled new video renderings and details about the upcoming reconstruction of Terminal C and the forthcoming new Terminal F – both of which will offer enhanced customer experiences in the near future.