Airport Finance Advisory & Aviation Data Analytics

Independent consulting for U.S. airports — bond feasibility studies, airline rate negotiations, capital planning, and financial modeling. Backed by one of the most comprehensive public databases of airport financial information.

$20B+
Bond feasibility forecasts
25+
Years of airport consulting
100+
U.S. airports served
115+
AI research articles published
How Airports Are Regulated →|How Airlines Are Regulated →|FAA Advisory Circulars →|Disruptive AI →|Turo & CFC Discussion →

Featured Research

Revolutionary and Disruptive AI for Any Professional Organization

How AI is transforming every organizational function — finance, operations, HR, procurement — using the airport industry as the definitive working example. A CFO-ready strategic brief.

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How U.S. Airports Are Regulated

The constitutional foundation, federal agencies, state and local layers, governance models, the 39 grant assurances, and emerging challenges shaping airport finance.

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How U.S. Airlines Are Regulated

FAA safety authority, DOT economic oversight, TSA security requirements, consumer protection, pilot certification, crew rest rules, and the Railway Labor Act framework.

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Data & Research Platform

Comprehensive public database of U.S. airport financial information, combining data from FAA filings, airport publications, and proprietary analysis.

FAA CATS Financial Data

500+ airports, FY 2010–2025

Cost per Enplanement

Projected and actual, all hub sizes

T-100 Passenger Data

Jan 2006–present

DWU AI Research

90+ airport & airline articles

What's New
Mar 2026New: FAA 150-Series Advisory Circulars: Status and Standards — Complete inventory of 115+ active ACs, 20 updates from 2024–2026, FAA Reauthorization Act impacts, draft ACs, and emerging topics. Open to the public.
Mar 2026New: How U.S. Airlines Are Regulated — The federal regulatory architecture governing U.S. airline operations, safety, economics, security, and consumer protection. FAA safety authority (Part 121 Operating Certificates, pilot certification, crew rest), DOT economic oversight (fitness, slots, Essential Air Service), TSA security, consumer protection (automatic refunds, tarmac delays), Railway Labor Act, environmental compliance, and emerging challenges. Open to the public.
Mar 2026New: How U.S. Airports Are Regulated — The constitutional foundation, federal agencies, state and local layers, governance models, the 39 grant assurances, and emerging challenges. Open to the public.
Mar 2026New: Advanced Air Mobility and Vertiports — What airport finance professionals need to know before eVTOL operations reach their campuses.
Mar 2026New: 11 credit analysis articles — Air Cargo Economics, Airline Concentration Risk, Airport Cybersecurity, Demand Forecasting, Airport Governance, Parking Agreements, Climate Resilience, DCA Slot Expansion, International Airline Alliances, PFAS Contamination, and Tax-Exempt Advance Refunding.
Mar 2026New: 4 airport finance articles — Air Service Incentive Programs, JD Power & Customer Experience, Strategic Plans, and Credit vs. Mission Metrics.
Mar 2026New: Airport Business Parks & Master Developer Agreements — How airports use MDAs to develop surplus land through private capital. Four case studies, FAA policy framework, and credit implications.
Feb 2026New: The CFC Question: Should P2P Car Sharing Pay Customer Facility Charges? — State-by-state analysis of whether platforms like Turo owe CFCs, with statutory exposure and bondholder implications.
Feb 2026New: 6 transit & airline articles — Transit Fiscal Cliffs, Bay Area SB-63, DART Dallas, CTA Chicago, Nonstop Route Economics, and Fleet Strategy & Aircraft Orders.
Feb 2026DWU Daily Briefing — Free daily newsletter covering infrastructure finance — airports, municipal bonds, transit, airlines, utilities, and policy. Subscribe →

Advisory Services

Bond Feasibility Studies

$20B+ in supported issuances

Financial forecasts and feasibility analyses supporting airport revenue bond issuances. Rating agency presentations, bond test certificates, and financial section drafting.

Airline Rates & Charges

Rate resolution & negotiation support

Evaluation of existing agreements, financial analysis for negotiation leverage, rate resolution modeling under residual, compensatory, and hybrid methodologies.

Capital Planning

Multi-billion-dollar programs

Funding source identification, financial affordability analysis, project cash flow and debt service estimation, and impact analysis on airline rates and debt service coverage.

DWU Consulting — Dafang Wu brings over 25 years of airport consulting expertise to the industry, currently serving as a consultant to ACI-NA and numerous U.S. airports. This site is a tribute to the professional foundation laid by his mentors—including Susan Warner Dooley, Michael Brown, Spencer Ballard, Nick Davidson, and Sheri Ernico—whose guidance shaped his approach to airport finance. For inquiries, please email dwu@dwuconsulting.com