Wintrust Business Minute: American Airlines ask for injunction against United Airlines over awarded O’Hare gates

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

There’s a new development in the fight over gates at O’Hare Airport. American Airlines is asking a court for an injunction to block the awarding of more gates to United Airlines. The City of Chicago is reallocating gates and United is poised to gain five gates. American will lose four gates. The city is reallocating gates under a provision in the lease agreement with the airlines that includes a use it or lose it provision. American claims the city breached the contract and is asking for an injunction to stop the process. If the changes go through, United will have about 42% of the space at O’Hare and American will have 30%.

Also, Chicago rent is among the most expensive in the U.S. Listen for more below: