Hartsfield-Jackson Atlanta International Airport

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Atlanta, GA · ATL

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Recent News

Updated Mar 29, 2026
ATL pilots autonomous vehicle project for airport ground transportation

The ATL Airport Community Improvement Districts selected Glydways to construct a pilot autonomous vehicle transit system. The two-year pilot project will begin construction in the first quarter of 2026, featuring a 0.5-mile guideway connecting the airport's SkyTrain to the Georgia International Convention Center with plans for future expansion.

Urbanize Atlanta
ATL retains busiest airport title with 106.3M passengers in 2025

Hartsfield-Jackson Atlanta International Airport handled 106.3 million passengers in 2025, maintaining its position as North America's busiest airport by passenger volume. The total was down 1.6% from 2024 and approximately 4 million below 2019 levels. ATL averaged roughly 291,000 passengers daily throughout the year.

FlyMag.com·Mar 28, 2026
TSA staffing crisis forces 4-hour early arrival recommendations at ATL

Atlanta airport travelers faced unpredictable security wait times fluctuating from 30 minutes to several hours as the partial government shutdown reached its 40th day. TSA callout rates at Hartsfield hovered around 40% on March 26, with officials recommending passengers arrive four hours before flights. Delta Air Lines extended travel waivers through March 30.

FOX 5 Atlanta·Mar 26, 2026
ICE agents deployed to ATL amid TSA staffing shortages

Immigration and Customs Enforcement agents were deployed to Hartsfield-Jackson Atlanta International Airport starting March 23 to assist with crowd control and line management. Federal officials stated agents would support TSA operations during the ongoing partial government shutdown, with more than 3,000 TSA workers nationwide not reporting to work. Weekend wait times at ATL reached up to six hours.

CBS Atlanta·Mar 23, 2026

Airport Profile

Governing EntityCity of Atlanta, Department of Aviation
Entity TypeCity Department
Fiscal Year EndJune
Bond TypeGARB
Lien PositionSenior and Subordinate
Rate MethodologyHybrid Compensatory
AUA StatusActive
Agreement Period2016-01-01 – 2036-12-31
S&PA+
Moody'sA1
FitchA+

Key Financial Data (FY 2025)

CPE$4.48
Signatory Landing Fee$1.4100
Enplanements53,399,519
Total Operating Revenue$738.0M
Total Operating Expense$842.6M
Operating Income$-104.5M
Total Debt$5.0B
Rate Covenant1.2x
Unrestricted Cash$926.6M
Landed Weight (1000 lbs)63,100,000

Enplaned Passengers (FAA CATS)

53.4M-0.5%
Route data →

Cost per Enplanement (CPE)

$4.48+14.0%

Revenue

$738.0M+8.2%

Expense

$842.6M+16.6%

Ratemaking Overview

Overall MethodologyHybrid Compensatory
Ratesetting Typeagreement
Cost Center StructureMultiple cost centers for airfield, terminal, and specialty facilities

Settlement & True-Up

Not available

Extraordinary Coverage Protection (ECP)

ECP TypeNone

Not available

Landing Fee Methodology

MethodologyResidual

Airfield cost center: total airfield costs less non-airline airfield revenues (fuel, cargo fees, etc.), divided by estimated total landed weight of all airlines. Residual methodology — airlines collectively bear airfield cost shortfall.

Terminal Rental Rate

Rate DivisorRentable Square Feet

Terminal cost center: direct and allocated terminal building costs less concession revenue credits (applied at specified percentages of Inside Concessions Revenues per AUA), allocated to signatory airlines based on leased space.

Common Use & Gate Allocation

Additional Bonds Test

Historical: Revenues for any 12 consecutive months of last 18 months must produce at least 120% of combined existing + proposed Debt Service Requirement. Projected: Airport Consultant certifies projected Revenues for each of first 2 full FYs after issuance will produce at least 120% combined AADS.

Rate Covenant

Covenant Ratio1.2x

City covenants to prescribe, fix, maintain, and collect rates, fees, and other charges to produce Net Revenues in each Fiscal Year which will: For General Revenues: at least 120% (and 110% without General Revenue Enhancement Subaccount) of Debt Service Requirement on all related Bonds then Outstanding for the Sinking Fund Year ending next January 1

Flow of Funds

Gross revenue pledge with waterfall: Revenue Fund → Operating Expenses → Sinking Fund (DS) → Debt Service Reserve Account → Rebate Account → Renewal and Extension Fund → General Revenue Enhancement Subaccount

1.Revenue Fund — All General Revenues deposited as received
2.Direct Operating Expenses Account — Pay all expenses reasonably incurred in operating, maintaining, and repairing Airport
3.Sinking Fund — Interest and Principal Subaccounts to meet Debt Service Requirements
4.Debt Service Reserve Account — Maintain at Required Reserve amount
5.Rebate Account — Arbitrage rebate payments to U.S. government
6.Renewal and Extension Fund — Amounts remaining after other requirements
7.General Revenue Enhancement Subaccount — Transferred from Renewal/Extension Fund; accounts for General Revenues in computing coverage

Source Documents

Official Statements

08-Official-Statement-dated-8.7.2024-1.pdf
20-Offering-Memorandum-with-respect-to-the-Series-P-and-Q-Notes.pdf

+2 more

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