, · PDX
Recent News
Updated Mar 1, 2026Delta Air Lines has partnered with Shell and the Port of Portland for the first commercial-scale sustainable aviation fuel uplift at Portland International Airport, marking a significant environmental milestone for the airport.
Portland International Airport's main terminal renovation is entering its final phase, with 70% completed in 2024 and the remaining 30% focused on north and south ends expected to finish in June 2026. The project will streamline passenger flow with shorter walking distances and new exit lanes opening in April.
ECOVIBE, a sustainable lifestyle brand, and Mikiko Mochi Donuts will open one-year pop-up residencies in the pre-security area of PDX's main terminal in March 2026. The Pop-Up Program helps small businesses access airport retail opportunities with lower barriers to entry.
Starting February 1, 2026, travelers aged 18 and older arriving at PDX without a REAL ID or acceptable identification must use the new TSA ConfirmID process. The airport is also opening new restrooms near Concourse B entrance on February 17.
Airport Profile
Key Financial Data (FY 2025)
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
Two-part test: (1) Certificate from Assistant Secretary that for most recent complete Fiscal Year or any consecutive 12 out of most recent 18 months, Net Revenues were at least 130% of SLB Debt Service Requirement on all then Outstanding SLBs; and (2) Either (a) Airport Consultant report projecting estimated Net Revenues for each of three consecutive Fiscal Years will equal at least 130% of SLB Debt Service Requirements including new bonds, or (b) Certificate that for most recent complete Fiscal Year or any consecutive 12 out of most recent 18 months, Net Revenues were at least 130% of maximum SLB Debt Service Requirement on all Outstanding SLBs and the new series. Refunding bonds exempt if aggregate debt service does not exceed refunded bonds. Non-cash unrealized items disregarded.
Rate Covenant
Net Revenues in each Fiscal Year will be at least equal to 130% of the SLB Debt Service Requirement for all SLBs then Outstanding. Net Revenues = Revenues minus Costs of Operation and Maintenance. Non-cash, unrealized gains, losses, expenses and/or revenues, including the fair value of Qualified Swaps, Qualified TLO Swaps, other swap agreements or other derivative products are disregarded.
Flow of Funds
All Revenues deposited to Airport Fund. First: pay Costs of Operation and Maintenance. Remaining Net Revenues credited to General Account. From General Account: FIRST - SLB Principal and Interest Account (monthly deposits for semiannual interest and 12 months prior to principal payment); SECOND - SLB Reserve Account (to maintain SLB Reserve Fund Requirement); THIRD - Junior Lien Obligation Fund (JLO Fund); FOURTH - Third Lien Obligation Fund (TLO Fund). Remaining amounts after these deposits constitute Remaining Contingent Fee Payments (limited to actual Contingent Fee Payments received), transferred to CFC Revenue Fund. Amounts remaining after all transfers may be used for any lawful Airport purpose, General Aviation Airports, Special Obligation Bonds, or other Airport Revenue Bond Ordinance purposes.
Source Documents
Official Statements
Financial Statements
Rate Books
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