Miami International Airport
Large HubMiami, FL · MIA
Recent News
Updated Mar 29, 2026American Airlines and Miami-Dade County announced expansion plans for a brand-new, reimagined Concourse D at Miami International Airport on February 25. The D60 expansion will create 17 new aircraft gates to accommodate larger aircraft, eliminate outside boarding, and feature direct third-floor access to the MIA customs hall with groundbreaking set for 2027.
TSA announced the availability of TSA PreCheck Touchless ID at Miami International Airport in the North, Central and South Terminals on February 10. This cutting-edge biometric technology allows eligible TSA PreCheck members to experience faster, more seamless identity verification without presenting a physical ID or boarding pass.
Miami International Airport was partially evacuated on January 25 after unattended luggage was left at Departures Door 21 of the South Terminal. TSA checkpoints for Concourses G, H and J, along with the curbside roadway, were evacuated around 5:00 p.m. The Miami-Dade Sheriff's Office Bomb Squad gave the all-clear around 7:40 p.m. and normal operations resumed.
County commissioners voted in January to create a seven-member Consumer Advisory for Responsive Experience at MIA (CARE-MIA) Advisory Board. The board will identify areas of concern, propose solutions to enhance airport operations, and make monthly reports to the commission regarding passenger, employee, and visitor experiences.
CLEAR launched its biometric eGates at two of Miami International Airport's busiest passenger screening checkpoints in December, just before the bustling winter holiday season and ahead of FIFA World Cup 2026 games. CLEAR+ members can verify their identity in under five seconds, bypassing the TSA podium.
Airport Profile
Key Financial Data (FY 2025)
Enplaned Passengers (FAA CATS)
Cost per Enplanement (CPE)
Revenue
Expense
Ratemaking Overview
Settlement & True-Up
Not available
Extraordinary Coverage Protection (ECP)
Not available
Landing Fee Methodology
Not available
Terminal Rental Rate
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Common Use & Gate Allocation
Additional Bonds Test
Additional Bonds may be issued on a parity basis if: (i) proceeds plus other available funds cover estimated costs; (ii) either (a) historical Net Revenues (adjusted) divided by the largest annual Principal and Interest Requirements (including new bonds) is at least 120%, or (b) projected annual Net Revenues in each of five Fiscal Years (per Traffic Engineers) divided by Principal and Interest Requirements for each such Fiscal Year is at least 120%; and (iii) the Reserve Account is fully funded. Completion bonds may be issued without the financial test if prior bond proceeds are insufficient.
Rate Covenant
The County covenants to fix, charge, and collect rates and charges sufficient to yield Revenues that provide: (i) funds for payment of Current Expenses; (ii) deposits to the Reserve Maintenance Fund; and (iii) deposits to the Sinking Fund of not less than 120% of the Principal and Interest Requirements for each fiscal year on account of the Bonds of each Series Outstanding, plus deposits/payments to the Reserve Account or to providers of Reserve Facilities.
Flow of Funds
All Revenues are deposited in the Revenue Fund. Funds are then applied in priority: (1) Current Expenses (retain 20% operating reserve, currently 17% by Board resolution); (2) Trustee receives monthly withdrawals from Revenue Fund to deposit: (a) 1/6th of semiannual interest and 1/12th of serial principal to Bond Service Account, (b) 1/12th of Amortization Requirement (term bonds) plus premium to Redemption Account, (c) 1/60th of Reserve Account Requirement to Reserve Account (until fully funded), (d) amounts to Reserve Maintenance Fund as recommended by Consulting Engineers, and (e) remaining funds to Improvement Fund for any airport-related purpose.
Source Documents
Official Statements
Financial Statements
Budgets
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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