, · CLE
Recent News
Updated Mar 28, 2026JetBlue announced new daily nonstop service between Cleveland Hopkins International Airport and Fort Lauderdale-Hollywood International Airport on March 26, 2026. This adds to CLE's expanding route network following the recent arrival of Avelo Airlines in March 2026.
Cleveland Hopkins International Airport confirmed on March 23, 2026, that federal partners (ICE agents) are on-site supporting TSA operations in a non-screening role, including assisting with passenger flow and divesting. The agents arrived Monday afternoon and are not conducting identification checks or screening passengers.
Cleveland Hopkins International Airport announced on March 18, 2026, the arrival of Avelo Airlines offering new nonstop service to Concord, North Carolina and New Haven, Connecticut. This marks Avelo's first service to Cleveland and expands CLE's airline partnerships.
Spirit Airlines is ending operations at Cleveland Hopkins International Airport as of April 15, 2026, as the airline restructures its route network. The airport confirmed the development in a statement in late February 2026.
Fitch Ratings upgraded Cleveland Hopkins International Airport's airport bond rating to 'A' from 'A-' with a Stable Rating Outlook. The upgrade reflects improved financial performance and credit strength at the airport.
Airport Profile
Key Financial Data (FY 2024)
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
Trustee must receive written report of Airport Consultant that projected Airport Revenues, together with Other Available Funds, less projected Operating Expenses during each of the five complete Fiscal Years immediately following issuance, are at least equal to 125% of Bond service charges on all outstanding Revenue Bonds including Additional Revenue Bonds proposed to be issued. Exceptions: (i) historical test - Director of Finance certifies Airport Revenues plus Other Available Funds less Operating Expenses for 12 of past 18 months or most recent audited FY are at least 125% of Bond service charges in each of 3 complete FYs following issuance; (ii) refunding bonds meeting savings or debt service tests; (iii) completion bonds not exceeding 10% of total project cost. Subject to MII approval under Use Agreements.
Rate Covenant
Airport Revenues, together with Other Available Funds, less Operating Expenses, at least equal to 125% of the amount maturing and becoming due in such Fiscal Year for the payment of principal of and interest on all Outstanding Revenue Bonds
Flow of Funds
All Airport Revenues deposited to Trustee in Revenue Fund. Monthly transfers: First to Bond Service Fund (debt service + Hedge Agreement payments); Second to Bond Service Reserve Fund (maximum annual debt service); Third to Operating and Maintenance Fund (O&M expenses + working capital); Fourth to Subordinated Debt Service Fund; Fifth to General Obligation Debt Service Fund; Sixth to Renewal and Replacement Fund (greater of 2% of par or $5M); Seventh to Airport Development Fund (up to $12M annually to Airport Account and Airline Account)
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