John F. Kennedy International Airport

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Jamaica, NY · JFK

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Recent News

Updated Mar 8, 2026
New Terminal One at JFK on track for 2026 phased opening

The $9.5 billion New Terminal One at JFK, the largest private-public partnership in the U.S., is on schedule to open first phase with headhouse and 14 gates in 2026. The 2.4 million square foot all-international terminal will ultimately have 23 gates and 300,000+ square feet of retail and dining when complete in 2030.

Port Authority of NY & NJ·Jan 15, 2026
Korean Air resumes A380 operations to JFK for summer 2026 season

Korean Air confirmed Airbus A380 service will operate daily from Seoul Incheon to New York JFK from March 29, 2026, replacing the current Boeing 777-300ER. The double-decker deployment provides increased capacity on the route, with the A380 also returning to LAX four times weekly starting March 30.

Simple Flying·Dec 29, 2025
JFK Terminal 6 reaches building enclosure milestone ahead of 2026 opening

JFK Millennium Partners announced substantial building enclosure completion in June 2025 with first gates planned for early 2026. More than 1,200 local workers spent nearly four million construction hours on the $4.2 billion, 1.2 million square foot terminal. Airlines relocating include Aer Lingus, Air Canada, Lufthansa, and JetBlue.

Vantage Group·Jun 17, 2025
JFK Terminal 5 revamp with 40+ new concessions progressing toward 2026 completion

JFK's Terminal 5 is undergoing a major redesign featuring a refreshed center concourse and over 40 new concessions with a park-inspired design including lush greenery and warm lighting. The upgrades, originally announced in 2025, will be completed by the end of 2026, with new concessions opening throughout 2025-2026.

International Airport Review·Mar 19, 2025

Airport Profile

Governing EntityPort Authority of New York and New Jersey
Entity Typebi_state_authority
Fiscal Year EndDecember

Key Financial Data (FY 2024)

CPE$36.01
Signatory Landing Fee$6.7300
Enplanements31,632,992
Total Operating Revenue$1.9B
Total Operating Expense$1.2B
Operating Income$676.1M
Total Debt$0.00
Unrestricted Cash$1.0B
Landed Weight (1000 lbs)63,197,240

Enplaned Passengers (T-100)

25.5M-18.2%

Cost per Enplanement (CPE)

$36.01+7.0%

Revenue

$1.9B+13.0%

Expense

$1.2B+5.6%

Ratemaking Overview

Settlement & True-Up

Not available

Landing Fee Methodology

Not available

Terminal Rental Rate

Not available

Common Use & Gate Allocation

Additional Bonds Test

Not available

Rate Covenant

Not available

Flow of Funds

Not available

Source Documents

Official Statements

JFK-2024-T6-OS.pdf
JFK-T4-OS.pdf
JFK-2024-T1-OS.pdf

Rate Books

JFK Jul25 Rate Book.pdf
PANYNJ-JFK-2025-Schedule.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