Los Angeles International Airport
Large HubLos Angeles, CA · LAX
Recent News
Updated Mar 29, 2026The Los Angeles Board of Airport Commissioners approved an adjustment to drop-off and pick-up costs for rideshare companies operating at LAX, marking the first adjustment in over 10 years. The fee increase for Uber and Lyft operations went into effect in March 2026, drawing complaints from both travelers and rideshare drivers.
Los Angeles World Airports announced plans and unveiled renderings for the modernization of the Tom Bradley International Terminal at LAX in time to welcome the world for the 2028 Olympic and Paralympic Games. The project received approval from the Board of Airport Commissioners at the December 18 meeting, allowing construction to begin in January 2026.
Star Alliance launched a dedicated Star Connection Centre at Los Angeles International Airport on March 27, 2026, enabling seamless transfers across nine member airlines including United, Lufthansa, and Air Canada. The facility eliminates traditional transfer friction and reduces connection times for thousands of daily passengers connecting on transpacific and domestic-to-international itineraries.
Los Angeles International Airport's Automated People Mover was spotted during test runs on March 20, 2026, with completion expected by the end of the year. The 2.25-mile elevated guideway will feature six stations connecting terminals, parking facilities, and the Metro rail system using 44 cars in nine four-car sets capable of carrying 200 passengers during peak times.
Airport Profile
Key Financial Data (FY 2025)
Enplaned Passengers (FAA CATS)
Cost per Enplanement (CPE)
Revenue
Expense
Ratemaking Overview
Settlement & True-Up
Annual reconciliation of actual revenues and expenditures
Extraordinary Coverage Protection (ECP)
Not available
Landing Fee Methodology
Not available
Terminal Rental Rate
Terminal Buildings Charge = Unified Capital Requirement / rentable terminal area
Common Use & Gate Allocation
Additional Bonds Test
Additional Subordinate Obligations may be issued if either: (a) Subordinate Pledged Revenues (plus any Transfer) for any 12 consecutive months out of most recent 18 months were at least 115% of Subordinate Maximum Aggregate Annual Debt Service on all Outstanding and proposed Subordinate Obligations; or (b) a Consultant certifies historical coverage ≥115% and projected coverage ≥115% for each future Fiscal Year through final maturity; or (c) completion bonds meeting specific criteria.
Rate Covenant
Subordinate Pledged Revenues together with any Transfer must equal at least 115% of Subordinate Annual Debt Service on Outstanding Subordinate Obligations for each Fiscal Year. Subordinate Pledged Revenues = Pledged Revenues minus LAX Maintenance and Operation Expenses minus principal and interest on Outstanding Senior Bonds minus deposits to Senior Debt Service Reserve Funds.
Flow of Funds
FIRST: LAX Maintenance and Operation Expenses; SECOND: Senior Debt Service Funds; THIRD: Senior Reserve Funds; FOURTH: Subordinate Obligations (including Series 2025ABC); FIFTH: Subordinate Reserve Fund; SIXTH: Third Lien Obligations; SEVENTH: Third Lien reserves; EIGHTH: Maintenance and Operation Reserve Account (25-50% of budgeted LAX M&O Expenses); NINTH: Discretionary purposes authorized by Charter.
Source Documents
Official Statements
+1 more
Financial Statements
+5 more
Budgets
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