Medium Hub

, · ONT

← All Airports

Recent News

Updated Mar 1, 2026
ONT reports 3.7% passenger increase in January, record international traffic

<cite index="62-2,62-3">Ontario International Airport reported a 3.7% increase in passenger volume in January with almost 493,000 travelers, including the launch of new daily nonstop Alaska Airlines service to Boise</cite>. <cite index="62-4,62-5">International volume soared by 64% to more than 66,000, the highest in airport history, exceeding the previous record of 63,009 from December 2025</cite>.

Ontario International Airport·Feb 26, 2026
ONT wins 2025 ASQ Award for Best Airport Customer Experience in North America

<cite index="63-1,63-2">Ontario International Airport received the 2025 Airport Service Quality Customer Experience Award for Best Airport at Departures in North America for airports handling 5-15 million passengers from Airports Council International</cite>. <cite index="63-3">The award is based entirely on passenger feedback gathered through surveys</cite>.

PR Newswire·Feb 24, 2026
China Airlines celebrates 1 millionth passenger milestone at ONT

<cite index="70-1,70-3">China Airlines welcomed its 1 millionth passenger to travel through ONT since launching service between Ontario and Taipei, Taiwan in 2018</cite>. <cite index="70-4,70-5">ONT has experienced record growth in international travel, with international passenger volumes increasing sharply in 2025</cite>.

PR Newswire·Feb 3, 2026

Airport Profile

Bond TypeGARB
Rate MethodologyResidual
AUA StatusActive

Key Financial Data (FY 2025)

CPE$7.74
Signatory Landing Fee$1.9900
Enplanements3,541,027
Total Operating Revenue$118.5M
Total Operating Expense$119.2M
Operating Income$-673K
Total Debt$152.7M
Rate Covenant1.25x
DSC Ratio1.47x
Unrestricted Cash$98.2M
Landed Weight (1000 lbs)8,724,821

Enplaned Passengers (T-100)

2.9M-17.7%

Cost per Enplanement (CPE)

$7.74+13.8%

Revenue

$118.5M+8.2%

Expense

$119.2M+12.8%

Ratemaking Overview

Overall MethodologyResidual
Cost Center StructureAirfield (landing fees), Terminal (space rental, gate use fees), Ground Transportation, FIS (Federal Inspection Services), Parking, CFC (Customer Facility Charge)

Settlement & True-Up

Not available

Extraordinary Coverage Protection (ECP)

ECP TypeNone

No extraordinary coverage protection mechanism identified. This is a compensatory rate resolution with no airline guarantee of airport-wide financial sufficiency.

Landing Fee Methodology

MethodologyCompensatory

Landing fees are charged per 1,000 lbs MGLW for aircraft over 25,000 lbs ($1.99 signatory, $2.49 non-signatory). Aircraft 12,500-25,000 lbs: $59 per landing (sig), $74 (non-sig). Aircraft under 12,500 lbs: $31 per landing (sig), $38 (non-sig).

Terminal Rental Rate

Terminal space rental is $7.73 PSFPM for signatory airlines, $9.66 PSFPM for non-signatory. Ground Transportation Center is $7.26 PSFPM (sig), $9.08 (non-sig). Covers Terminal 1, Terminal 2, Terminal 4, and FIS.

Common Use & Gate Allocation

Additional Bonds Test

Requires delivery of certificate showing either: (a) Net Pledged Revenues for any 12 consecutive months out of 18 preceding issuance were at least 125% of Maximum Aggregate Annual Debt Service; or (b) Consultant certificate showing historical revenues (12 out of 24 months) at 125% of MADS, compliance with rate covenant during construction period, and estimated Net Pledged Revenues for first 3 complete Fiscal Years after completion at least 125% of MADS. Exceptions for refundings (not exceeding MADS), Notes (up to 10% of Pledged Revenues), and completion bonds (up to 10% of prior issue).

Rate Covenant

Covenant Ratio1.25x

Net Pledged Revenues must equal at least 125% of Aggregate Annual Debt Service for each Fiscal Year. In determining compliance, the Authority may take into account the amount, if any, related to coverage paid in a prior Fiscal Year that is available in the current Fiscal Year not to exceed 25% of Aggregate Annual Debt Service.

Flow of Funds

Priority waterfall: (1) Maintenance and Operation Fund (1/12 of budgeted annual O&M), (2) Interest Account (1/6 of semiannual interest), (3) Principal Account (1/12 of annual principal), (4) Reserve Fund (maintain Required Reserve), (5) Maintenance and Operation Reserve Fund (maintain M&O Reserve Fund Requirement), (6) Surplus Revenue Fund (remaining Pledged Revenues, free and clear of lien).

1.Maintenance and Operation Fund — On or before first day of each month, deposit 1/12 of budgeted annual M&O Expenses or such other amount as Authority determines necessary to pay M&O Expenses in excess of budgeted amount
2.Interest Account (Debt Service Fund) — After priority (1), on or before first day of each month, deposit 1/6 of semiannual interest becoming due on all Bonds. Separate subaccounts for each series. Pro rata if insufficient funds.
3.Principal Account (Debt Service Fund) — After priorities (1) and (2), on or before first day of each month, deposit 1/12 of annual principal becoming due on all Bonds. Separate subaccounts for each series. Pro rata if insufficient funds.
4.Reserve Fund — After priorities (1)-(3), on or before first day of each month, transfer to Trustee such amount required to maintain each account at the applicable Required Reserve. May be divided into up to 12 monthly installments after draw. May be satisfied by Reserve Fund Surety Policy.
5.Maintenance and Operation Reserve Fund — After priorities (1)-(4), on or before first day of each Fiscal Year, deposit amount required to maintain balance equal to M&O Reserve Fund Requirement
6.Surplus Revenue Fund — Treasurer may determine Pledged Revenues remaining in Airport Revenue Fund after all required deposits (1)-(5) and transfer to Surplus Revenue Fund. May be transferred to other Authority funds free and clear of lien for Subordinated Obligations or discretionary purposes, except if Authority in default.

Source Documents

Official Statements

ONT-2021ABC-OS.pdf

Financial Statements

ONT 2024 FS.pdf

Airline Use Agreements

ONT-FY2425-Rates-and-Charges.pdf

Rate Books

ONT Jul25 Rate Book.pdf
ONT-FY2026-Ratebook.pdf

Budgets

fiscal_year_23-24_adopted_operating_budget.pdf
fy_2026_adopted_budget.pdf
fye_2025_adopted_operating_budget_vs_fye_2024_adopted.pdf
fiscal_year_23-24_adopted_capital_budget.pdf

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