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The ConRAC under construction in 2024. The Los Angeles International Airport Consolidated Rent-A-Car (LAX ConRAC) facility is one of the major components of the airport's US$5.5 billion Landside Access Modernization Program, along with the LAX Automated People Mover (APM). [1]
Los Angeles, CA: Los Angeles International Airport (LAX) 2024 The US$1.5 billion building is the largest CONRAC in the world at 6,300,000 square feet (590,000 m 2) and hosts up to 21,000 rental vehicles. It connects to the airport's terminals by an under construction people mover. [54] [55]
Where Hertz, which has been renting cars since the days of the Model T, was once the world’s largest rental car company, in 2023 its revenue was 22% less than its publicly held rival Avis Budget.
The APM will also connect to the LAX West Intermodal Transportation Facility (West ITF), a US$294.1 million, 4,300 space parking structure with a lot to pick up and drop off passengers and areas for shuttle buses, the new LAX Consolidated Rent-A-Car Facility (ConRAC), a massive parking structure that will house all of the major rental car ...
On Tuesday, shares of rental car company Hertz fell more than 14% after it disclosed that it received approval from its lenders to continue negotiations through May 22 to “develop a financing ...
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