Airport Lounges Update Presentation — original pdf

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AUS Lounge Update Mookie Patel Chief Business & Finance Officer Current Guest Options United Airlines- 4,720 SF Lounge (12% market share) Current American Airlines- 6,268 SF Lounge, (26% market share) Delta Air Lines - 10,522 SF Total Lounge(13% market share) Interior: 9,558 SF Exterior Patio Deck: 964 SF Replacement American Lounge - 15,123 SF Lounge, Opening late Summer 2023 1 American Lounge • Space is currently vacant about the West Food Court • Anticipated to open late 2023 • Investment typically ranges from $800-$1,000 +/SF • Planned to service American customers plus, elite customers of British, Alaska, and JetBlue • Airline will pay published rental rates per Use and Lease Agreement 2 Future Opportunities • Evolving landscape for Shared Lounged Developers • Credit Card Sponsored Lounges are a growth sector • Sponsored Lounges in certain markets are paying for base building structures • Expansion Opportunities will be reviewed as expansion plans evolve. • Continue to look at pop-up opportunities to enhance the customer experience. 3