Medium Hub

, · PIT

← All Airports

Recent News

Updated Mar 1, 2026
Pittsburgh Airport approaches record diversions with 443 in 2025

Pittsburgh International Airport had 443 diverted flights land at PIT in 2025, falling just short of the historic high of 463 set in 2018. Airlines and FAA consider PIT a preferred diversion airport due to its inland location, robust runway infrastructure and reputation for remaining open when major coastal hubs close due to weather.

Blue Sky News
Pittsburgh Airport becomes world's first Universal Design certified airport

Pittsburgh International Airport became the first airport worldwide to receive Universal Design Certification from University at Buffalo's Center for Inclusive Design and Environmental Access on February 20, 2026. The certification recognizes PIT's holistic approach to accessibility, achieving exceptional scores in sensory inclusion, mobility access, and lighting across seven core principles of universal design.

Travel And Tour World·Feb 20, 2026
Mineo's Pizza House opens location at Pittsburgh International Airport

Iconic Pittsburgh pizza shop Mineo's Pizza House opened its new location at Pittsburgh International Airport on February 2, 2026, with a ribbon-cutting ceremony. The restaurant, in business since the 1950s, is located in the main food court at the airport, giving travelers an authentic way to experience Pittsburgh's local flavors.

CBS Pittsburgh·Feb 2, 2026
United Airlines announces year-round daily service from Pittsburgh to LAX

United Airlines announced on January 17, 2026 it will offer daily, year-round nonstop service between Pittsburgh and Los Angeles beginning March 29. United joins American Airlines and Breeze Airways on the route, marking United's return to PIT-LAX for the first time since 2014. The announcement follows PIT's 9.85 million passengers in 2025, the second busiest year since 2006.

Blue Sky News·Jan 17, 2026
Aer Lingus to begin Dublin-Pittsburgh nonstop service in 2026

Aer Lingus announced in December 2025 the first-ever nonstop service between Pittsburgh and Dublin, with four flights per week through most of 2026. The service represents Pittsburgh's third European destination alongside daily British Airways London service and seasonal Icelandair Reykjavik flights, marking expanded international connectivity not seen in years.

WPXI·Jan 5, 2026

Airport Profile

Bond TypeGARB
Rate MethodologyResidual
AUA StatusActive
Agreement Period2020-01-01 – 2028-12-31

Key Financial Data (FY 2024)

CPE$12.19
Signatory Landing Fee$3.8700
Enplanements4,964,361
Total Operating Revenue$186.4M
Total Operating Expense$205.1M
Operating Income$-18.7M
Total Debt$1.4B
Rate Covenant1.25x
Unrestricted Cash$199.5M
Landed Weight (1000 lbs)6,467,459

Enplaned Passengers (T-100)

4.0M-17.0%

Cost per Enplanement (CPE)

$12.19+0.7%

Revenue

$186.4M+4.9%

Expense

$205.1M-8.2%

Ratemaking Overview

Overall MethodologyResidual
Ratesetting TypeResidual

Settlement & True-Up

Not available

Extraordinary Coverage Protection (ECP)

ECP TypeStrong/Traditional

Not available

Landing Fee Methodology

MethodologyResidual

Not available

Terminal Rental Rate

Not available

Common Use & Gate Allocation

Additional Bonds Test

Additional Bonds may be issued on parity with the 2025 Bonds provided: (a) an Authorized Authority Representative certifies that Net Revenues for the last audited Fiscal Year or any 12 consecutive months out of the most recent 18 months, together with amounts in the Coverage Account, were at least equal to (i) 125% of Maximum Aggregate Annual Debt Service on all Outstanding Bonds and the proposed Series, and (ii) 100% of maximum aggregate Annual Debt Service for all outstanding Subordinate Obligations; OR (b) a Consultant certifies that (i) historical Net Revenues met the 125%/100% test for the applicable period, and (ii) estimated Net Revenues for the first full Fiscal Year through the later of the fifth full Fiscal Year or third full Fiscal Year with no capitalized interest will be at least equal to 125% of Aggregate Annual Debt Service (including the proposed Series and estimated future bonds for uncompleted Airport Facilities) and 100% of Subordinate Obligations debt service. Exceptions exist for Refunding Bonds, Notes (up to 10% of Net Revenues), and Completion Bonds (up to 15% of original bond principal).

Rate Covenant

Covenant Ratio1.25x

The Authority covenants that Net Revenues in each Fiscal Year, together with any amounts available in the Coverage Account, will be equal to at least (i) 125% of Annual Debt Service on the Outstanding Bonds for such Fiscal Year and (ii) 100% of the annual debt service with respect to all outstanding Subordinate Obligations. Annual Debt Service on Outstanding Bonds is reduced by the amount of principal and/or interest paid with Capitalized Interest and PFCs Available for Debt Service. The Coverage Amount means up to 25% of Annual Debt Service that may be deposited in the Coverage Account.

Flow of Funds

All Revenues are deposited to the Revenue Fund and applied in the following priority: First - Operation and Maintenance Fund (monthly deposits for budgeted O&M); Second - Debt Service Funds (monthly deposits for principal and interest on Outstanding Bonds, plus PFCs Available for Debt Service); Third - Debt Service Reserve Fund (monthly deposits to Common Debt Service Reserve Account and any Series Debt Service Reserve Accounts); Fourth - Subordinate Obligation Debt Service Funds; Fifth - Subordinate Obligation Debt Service Reserve Funds; Sixth - Operation and Maintenance Reserve Account; Seventh - Renewal and Replacement Fund; Eighth - Equipment and Capital Outlay Fund (discretionary); Ninth - Coverage Account (discretionary); Tenth - Rate Stabilization Fund (discretionary, not expected to be funded during current Airline Operating Agreements term); Eleventh - Airport System Capital Fund (discretionary, for any lawful purpose).

1.Operation and Maintenance Fund — On or prior to the tenth Business Day of each month, deposit Revenues projected to be required to pay Operation and Maintenance Expenses for that month as set forth in the approved budget.
2.Debt Service Funds — On or prior to the tenth Business Day of each month, transfer sufficient Revenues to the Trustee for deposit to Debt Service Funds to provide for payment of principal and interest on Outstanding Bonds. Deposit applicable PFCs Available for Debt Service.
3.Debt Service Reserve Fund — On or prior to the tenth Business Day of each month, transfer sufficient Revenues to the Trustee for deposit to the Debt Service Reserve Fund (Common Debt Service Reserve Account and/or Series Debt Service Reserve Accounts).
4.Subordinate Obligation Debt Service Funds — On or prior to the tenth Business Day of each month, transfer sufficient Revenues to the Trustee as necessary to make all payments and deposits required on Subordinate Obligations during the following month.
5.Subordinate Obligation Debt Service Reserve Funds — On or prior to the tenth Business Day of each month, transfer sufficient Revenues to the Trustee to fund any deficiency in debt service reserve funds for Subordinate Obligations, provided DSRF requirements for Senior Bonds are met.
6.Operation and Maintenance Reserve Account — On or prior to the tenth Business Day of each month, deposit sufficient Revenues to fund any deficiency in the O&M Reserve Account.
7.Renewal and Replacement Fund — On or prior to the tenth Business Day of each month, deposit sufficient Revenues to fund any deficiency in the Renewal and Replacement Fund.
8.Equipment and Capital Outlay Fund — On or prior to the tenth Business Day of each month, at the Authority's discretion, deposit Revenues in an amount determined by the Authority.
9.Coverage Account — On or prior to the tenth Business Day of each month, at the Authority's discretion, deposit Revenues up to 25% of Annual Debt Service to fund the Coverage Account.
10.Rate Stabilization Fund — On or prior to the tenth Business Day of each month, at the Authority's discretion, deposit Revenues. Not expected to be funded during current Airline Operating Agreements term.
11.Airport System Capital Fund — After deposits in clauses First through Seventh, the Authority may deposit remaining Revenues for any lawful purpose, including redeposit into the Revenue Fund.

Source Documents

Official Statements

PIT-2025AB-OS.pdf

Financial Statements

PIT 2024 ACFR.pdf

Airline Use Agreements

PIT-2020-2028-AUA.pdf

Budgets

2024-Budget-for-Website.pdf
2025-Operating-and-Capital-Budget-Presentation-For-Website.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