Nashville International Airport

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Nashville, TN · BNA

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Recent News

Updated Mar 28, 2026
Nashville Airport reports TSA wait times under 10 minutes despite shutdown

Nashville International Airport is reporting TSA security wait times of less than 10 minutes as of March 27, 2026, despite the ongoing partial government shutdown affecting federal operations nationwide. BNA has maintained efficient throughput at its checkpoints while some major U.S. airports have seen longer lines due to staffing challenges.

International Business Times·Mar 27, 2026
Frontier announces new BNA routes launching spring 2026

Frontier Airlines announced four new routes launching in May and June 2026, including service from Nashville International Airport. The new routes will increase nonstop destinations Frontier serves from BNA as part of the airline's spring 2026 expansion across seven U.S. airports.

Frontier Airlines·Mar 17, 2026
Southwest adds new international and domestic routes from Nashville in March 2026

Southwest Airlines began new nonstop service from Nashville on March 7, 2026, including international Saturday-only flights to Montego Bay, Jamaica and San Jose, Costa Rica, plus domestic service to Knoxville and Little Rock. Southwest will operate 190 peak-day departures from Nashville, the highest in the airline's history at BNA.

WKRN·Mar 6, 2026
Nashville Airport begins work on $3 billion CONRAC and parking garage

Nashville International Airport unveiled plans for a consolidated rental car facility sized for approximately 4,800 vehicles and a roughly 3,000-space parking garage as part of its New Horizon expansion. Initial site work is underway with overnight lane closures, and the project is expected to be completed in 2029 to support BNA's capacity for up to 40 million passengers annually.

Hoodline·Feb 16, 2026

Airport Profile

Governing EntityMetropolitan Nashville Airport Authority
Entity TypeAuthority
Fiscal Year EndJune
Bond TypeGARB
Rate MethodologyHybrid Residual
AUA StatusUnder Negotiation
S&PA
Moody'sA2
FitchA+

Key Financial Data (FY 2025)

CPE$9.41
Signatory Landing Fee$3.3800
Enplanements12,385,378
Total Operating Revenue$317.6M
Total Operating Expense$311.5M
Operating Income$6.1M
Total Debt$1.8B
Rate Covenant1.25x
Unrestricted Cash$920.9M
Landed Weight (1000 lbs)14,394,601

Enplaned Passengers (FAA CATS)

12.4M+4.7%
Route data →

Cost per Enplanement (CPE)

$9.41+10.8%

Revenue

$317.6M+7.3%

Expense

$311.5M+16.6%

Ratemaking Overview

Overall MethodologyHybrid Residual

Settlement & True-Up

Not available

Landing Fee Methodology

MethodologyResidual

Not available

Terminal Rental Rate

Not available

Common Use & Gate Allocation

Additional Bonds Test

Authority may issue Additional Senior Bonds if either (i) a Designated Financial Officer certifies that Airport Revenues minus Operating Expenses for latest audited fiscal year equaled not less than 100% of average Debt Service on all Outstanding Senior Bonds and the new Series and any required DSRF deposits, or (ii) an Airport Consultant certifies that estimated Airport Revenues minus Operating Expenses in each of three full Fiscal Years following project completion or refunding issuance equal not less than 125% of Debt Service on all Outstanding Senior Bonds including the new Series and 100% of any required DSRF deposits.

Rate Covenant

Covenant Ratio1.25x

Airport Revenues minus Operating Expenses must equal at least 125% of Debt Service on all Outstanding Senior Bonds. Transfers from Nashville Airports Experience (NAE) Fund: (i) shall consist only of deposits made to NAE Fund in a prior Fiscal Year and (ii) shall not exceed 25% of Debt Service on all Senior Bonds Outstanding.

Flow of Funds

All Airport Revenues deposited into Revenue Fund, disbursed in priority: (a) Operating Fund for Operating Expenses; (b) Commitment Fee Fund for senior Support Facility commitment fees; (c) Airport Improvement Principal and Interest Fund for Senior Bonds Debt Service; (d) Airport Improvement Bond Reserve Fund to meet requirement; (e) Support Facility Fund for other senior Support Facility amounts; (f) Subordinate Commitment Fee Fund; (g) Subordinate Principal and Interest Fund; (h) Subordinate Bond Reserve Fund; (i) Subordinate Support Facility Fund; (j) Other Subordinate Obligations and reserves; (k) Operations and Maintenance Reserve Fund; (l) Renewal and Replacement Fund; (m) Nashville Airports Experience (NAE) Fund for remaining amounts.

1.Operating Fund — Monthly deposits to pay Operating Expenses
2.Commitment Fee Fund — Deposits to pay commitment fees on Support Facilities entered into with respect to Senior Bonds
3.Airport Improvement Principal and Interest Fund — Monthly deposits to pay Debt Service on Senior Bonds
4.Airport Improvement Bond Reserve Fund — Deposits to maintain required level per Senior Bond Resolution
5.Support Facility Fund — Deposits to pay all other amounts owing on Support Facilities entered into with respect to Senior Bonds
6.Subordinate Commitment Fee Fund — Deposits to pay commitment fees on Support Facilities entered into with respect to Subordinate Bonds
7.Subordinate Principal and Interest Fund — Monthly deposits to pay Debt Service on Subordinate Bonds
8.Subordinate Bond Reserve Fund — Monthly deposits to maintain Subordinate Bond Reserve Fund Requirement
9.Subordinate Support Facility Fund — Deposits to pay all other amounts owing on Support Facilities entered into with respect to Subordinate Bonds
10.Other Subordinate Obligations — Payment of Other Subordinate Obligations and deposits to any reserve funds established therefor
11.Operations and Maintenance Reserve Fund — Maintain required amount on deposit
12.Renewal and Replacement Fund — Maintain required amount on deposit
13.Nashville Airports Experience (NAE) Fund — Money thereafter remaining in Revenue Fund deposited here

Source Documents

Financial Statements

CAFR09web.pdf
Annual-Report-FY08.pdf
Annual-Report-FY09.pdf

+14 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