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Recent News

Updated Mar 1, 2026
Hawaii DOT advances $7 billion statewide airport overhaul

Hawaii Department of Transportation is advancing a $7 billion overhaul of state airports including HNL on March 1, 2026. At Honolulu, the $218 million Ticket Lobby Renovations project runs through December 2027, and CBP is preparing to bring Seamless Border Entry for Global Entry members to HNL in summer 2026.

Hawaii Tribune-Herald·Mar 1, 2026
Honolulu Airport repaves Taxiway L between Gates B-4 and A-16

The Hawaii Department of Transportation began daily construction on February 23, 2026, to repave Taxiway L between Gate B-4 and Gate A-16 at Daniel K. Inouye International Airport. Closures run from 4 p.m. to 2 a.m. daily with final closure scheduled for 2 a.m. on February 27.

Hawaii Department of Transportation Airports Division·Feb 23, 2026
Honolulu Airport adds three electric trams to Wiki Wiki shuttle service

The Hawaii Department of Transportation added three new electric transit trams to the Wiki Wiki Shuttle service at Daniel K. Inouye International Airport on February 13, 2026. The 40-passenger trams feature open-air cars and will transport domestic passengers between gates and terminals, each costing $255,000 through Hawaii's Electric Vehicle as a Service program.

Aviation Week Network·Feb 17, 2026
International Shoppes to replace DFS at Honolulu and Kahului airports

The Hawaii Department of Transportation selected International Shoppes to provide retail and in-bond duty free concessions at Daniel K. Inouye International Airport and Kahului Airport under a 10-year contract starting April 1, 2026. iShoppes will also open two new specialty retail spaces in the Mauka Concourse of Terminal 1 at HNL.

Hawaii Department of Transportation·Feb 10, 2026

Airport Profile

Rate MethodologyHybrid Residual
AUA StatusActive

Key Financial Data (FY 2025)

CPE$21.57
Signatory Landing Fee$5.1700
Enplanements11,023,985
Total Operating Revenue$411.7M
Total Operating Expense$407.0M
Operating Income$4.7M
Total Debt$1.8B
Unrestricted Cash$507.4M
Landed Weight (1000 lbs)19,060,823

Enplaned Passengers (T-100)

8.7M-16.4%

Cost per Enplanement (CPE)

$21.57+3.1%

Revenue

$411.7M+8.1%

Expense

$407.0M+6.4%

Ratemaking Overview

Overall MethodologyHybrid Residual
Cost Center StructureThree cost centers: (1) Airfield (including runways, taxiways, aprons, roadways), (2) Terminal Building (HNL terminal and neighbor island terminals), (3) Others (landside/parking/rental car). Airfield and HNL Terminal are residual cost centers. Neighbor island terminal rates are discounted. All cost centers aggregate into Airports System.
Revenue SharingTerminal concession revenues are credited against the Terminal Requirement before calculating terminal rental rates. DOTA does not share revenue remaining with the Signatory Airlines — any surplus is retained by the airport.

Settlement & True-Up

Not available

Extraordinary Coverage Protection (ECP)

ECP TypeStrong/Traditional

To the extent that landing fee revenues and terminal rental revenues, together with all other revenues, are inadequate to meet all obligations, an Airports System Support Charge (ASSC) would be implemented to meet the rate covenant. The ASSC is calculated per 1,000 lb landed weight and charged to airlines. This makes the overall rates and charges methodology a residual Airports System that incorporates costs and revenues for the neighbor island airports. The airport can unilaterally impose the ASSC to meet coverage requirements.

Landing Fee Methodology

MethodologyResidual

Overseas landing fee $3.89 per 1,000 lb landed weight; Interisland landing fee $1.52 per 1,000 lb landed weight. To the extent that landing fee revenues and terminal rental revenues, together with all other revenues, are inadequate to meet all obligations, an Airports System Support Charge (ASSC) of $0.00 per 1,000 lb landed weight would be implemented.

Terminal Rental Rate

HNL terminal rental rate $49.53 per sq.ft. Joint Use Holdroom Rate $1.43 per epax. Joint Use Baggage System Rate $3.40 per bag. Common Use Ticketing Position $8.47 per epax. International Arrival Area Rate $1.13 per dpax. Terminal rates for neighbor island airports are discounted as provided in 2007 Lease Extension Agreement.

Common Use & Gate Allocation

Additional Bonds Test

Not available

Rate Covenant

Not available

Flow of Funds

Not available

Source Documents

Airline Use Agreements

HNL-Perpetual-AUA.pdf

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