, · CLE
Recent News
Updated Mar 1, 2026American Airlines announced daily nonstop service to Los Angeles International Airport beginning April 7, 2026 from Cleveland Hopkins. The new route enhances connectivity for travelers and expands Cleveland's West Coast access alongside existing airline partnerships.
JetBlue announced new daily nonstop service from Cleveland Hopkins to John F. Kennedy International Airport beginning March 30, 2026. The route connects Cleveland to one of the world's busiest hubs and opens access to dozens of Caribbean destinations through JetBlue's JFK network.
Cleveland Hopkins International Airport is preparing for its busiest stretch with an estimated 1.8 million passengers expected during the spring break season. Security checkpoints will open earlier with South Checkpoint at 3 a.m. and North and Central checkpoints at 3:30 a.m. to address early morning rush between 4-7 a.m.
Spirit Airlines announced on February 26, 2026 it will cease operations at Cleveland Hopkins International Airport effective April 15 as part of airline's restructuring to focus on strongest routes. Spirit operated one daily flight to Fort Lauderdale after more than a decade at CLE. Service to Fort Lauderdale will continue via Frontier and United.
Airport Profile
Key Financial Data (FY 2024)
Enplaned Passengers (T-100)
Cost per Enplanement (CPE)
Revenue
Expense
Ratemaking Overview
Settlement & True-Up
Not available
Landing Fee Methodology
Not available
Terminal Rental Rate
Not available
Common Use & Gate Allocation
Additional Bonds Test
Trustee must receive written report of Airport Consultant that projected Airport Revenues, together with Other Available Funds, less projected Operating Expenses during each of the five complete Fiscal Years immediately following issuance, are at least equal to 125% of Bond service charges on all outstanding Revenue Bonds including Additional Revenue Bonds proposed to be issued. Exceptions: (i) historical test - Director of Finance certifies Airport Revenues plus Other Available Funds less Operating Expenses for 12 of past 18 months or most recent audited FY are at least 125% of Bond service charges in each of 3 complete FYs following issuance; (ii) refunding bonds meeting savings or debt service tests; (iii) completion bonds not exceeding 10% of total project cost. Subject to MII approval under Use Agreements.
Rate Covenant
Airport Revenues, together with Other Available Funds, less Operating Expenses, at least equal to 125% of the amount maturing and becoming due in such Fiscal Year for the payment of principal of and interest on all Outstanding Revenue Bonds
Flow of Funds
All Airport Revenues deposited to Trustee in Revenue Fund. Monthly transfers: First to Bond Service Fund (debt service + Hedge Agreement payments); Second to Bond Service Reserve Fund (maximum annual debt service); Third to Operating and Maintenance Fund (O&M expenses + working capital); Fourth to Subordinated Debt Service Fund; Fifth to General Obligation Debt Service Fund; Sixth to Renewal and Replacement Fund (greater of 2% of par or $5M); Seventh to Airport Development Fund (up to $12M annually to Airport Account and Airline Account)
Source Documents
Official Statements
Financial Statements
Source: FAA CATS Form 5100-127, DOT T-100 Market Data, Airport Official Statements · Hub classification: FAA CY 2024 Enplanement Data · Prepared by DWU Consulting