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Recent News
Updated Mar 28, 2026The FAA is investigating a close call at John Wayne Airport on March 27, 2026, when a Sikorsky Black Hawk helicopter crossed the path of United Airlines Flight 589 around 8:40 p.m. The flight crew received a resolution advisory warning and responded by leveling the aircraft; all passengers landed safely.
John Wayne Airport served 829,843 passengers in February 2026, a 5.8% increase compared to February 2025's 784,113 passengers. January 2026 also saw a 3.4% increase with 841,879 passengers compared to January 2025.
John Wayne Airport announced the recent openings of several new dining and retail concessions on February 19, 2026, including Dunkin' (operated by HMSHost), Harbor Exchange (operated by Paradies Lagardère), and Brookstone (operated by Hudson). The new concessions are part of the airport's Capital Improvement Program prioritizing modernization and guest experience.
Airport Profile
Key Financial Data (FY 2025)
Enplaned Passengers (FAA CATS)
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
Summary not provided in detail, but the Indenture permits issuance of Additional Bonds payable from Net Revenues on parity with the Series 2019 Bonds under conditions set forth in Appendix C.
Rate Covenant
Net Revenues must be at least 125% of Long-Term Debt Service Requirement. Net Revenues = Revenues minus Current Expenses. Debt service paid with PFCs, CFCs, or Grant Revenues is excluded from the Long-Term Debt Service Requirement calculation.
Flow of Funds
Priority waterfall: (1) Deposit all Revenues into Revenue Fund; (2) Operating Fund for Current Expenses; (3) Revenue Bond Fund (Interest, Principal, Sinking Fund subaccounts); (4) Revenue Bond Reserve Account to maintain Reserve Requirement; (5) Subordinated Debt Fund (if applicable); (6) Renewal and Replacement Fund; (7) Airport General Fund for any lawful aviation purposes.
Source Documents
Official Statements
Financial Statements
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