, · DCA
Recent News
Updated Mar 14, 2026On March 13, 2026, Ronald Reagan Washington National Airport, Dulles, BWI, and Richmond airports halted all flights for over an hour due to a strong chemical smell from an overheated circuit board at the Potomac TRACON facility. Ground stops were issued around 6:30 PM and lifted by 8 PM, causing flight delays up to 3.5 hours at Reagan.
Ronald Reagan Washington National Airport's Concourse D was evacuated on March 12, 2026, after a suspicious package was discovered in a break room around 9 AM. Airport police established a safety perimeter and cleared passengers from the concourse, which handles American Airlines flights in Terminal 2.
More than 53.9 million passengers traveled through Reagan National and Dulles International airports in 2025, breaking the previous year's record for the two-airport system. The announcement was made on February 24, 2026, by airport leaders.
Airport Profile
Key Financial Data (FY 2024)
Enplaned Passengers (FAA CATS)
Cost per Enplanement (CPE)
Revenue
Expense
Ratemaking Overview
Net residual allocation: aeronautical net remaining revenues (after non-aeronautical revenue offsets) allocated among signatory airlines proportional to operations, terminal area occupied, and ramp usage at DCA
Settlement & True-Up
Monthly billing with annual true-up; DCA settlement coordinated with IAD on system basis
Annual reconciliation: actual costs vs. estimates; adjustments effective April 1 of following fiscal year
Extraordinary Coverage Protection (ECP)
Not available
Landing Fee Methodology
Base landing fee of $5.75 per 1,000 lbs subject to annual adjustment per net residual calculation; allocated to signatory airlines
Terminal Rental Rate
Terminal rents charged per rentable square foot of assigned space on net residual basis; DCA rates higher than IAD due to constrained terminal capacity
Common Use & Gate Allocation
Additional Bonds Test
Maximum Annual Debt Service on all outstanding bonds including proposed new bonds must not exceed 75% of projected Net Revenues for the fiscal year of issuance, or alternative test based on historical coverage
Rate Covenant
Airports Authority will fix and adjust fees and charges to produce Net Revenues at least sufficient for the larger of: (a) amounts needed for debt service deposits, reserve funds, and subordinated obligations, or (b) not less than 125% of Annual Debt Service on all Bonds
Flow of Funds
Net Revenues → Senior Debt Service (Principal + Interest Accounts) → Debt Service Reserve Fund (Common Reserve Account) → Subordinated Bond Funds → Remaining Net Revenues (operations/capital)
Source Documents
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