Orlando International Airport
Large HubOrlando, FL · MCO
Recent News
Updated Mar 8, 2026MCO was named Overall Winner at the Routes Americas 2026 Awards, also winning the Over 20 Million Passengers category. The airport handled 57.7 million passengers in 2025, surpassing 2019 levels by 13%, and added 45 new and expanded routes including five new international markets.
Orlando International Airport started its $253 million Gate Link Replacement Project on December 3, 2025, with major changes impacting the traveler experience in 2026. The project includes tram replacement, terminal navigation updates, and ongoing construction that will affect airport operations.
MCO became the first airport in Florida to announce nonstop charter service to Asia, achieving a longstanding goal of direct Asia connectivity. The airport is preparing for new nonstop flights throughout 2026 with expanded domestic and international service.
Airport Profile
Key Financial Data (FY 2024)
Enplaned Passengers (T-100)
Cost per Enplanement (CPE)
Revenue
Expense
Ratemaking Overview
Settlement & True-Up
Annual reconciliation
Extraordinary Coverage Protection (ECP)
Not available
Landing Fee Methodology
Not available
Terminal Rental Rate
Terminal Facility Fee per-turn basis for airside and landside; varies by aircraft class with multipliers
Common Use & Gate Allocation
Additional Bonds Test
Additional Bonds may be issued if an Airport Consultant certifies that the Authority will be in compliance with its rate covenant (1.25x coverage) for each of the next three full Fiscal Years following issuance, or each of the next two full Fiscal Years during which there is no Capitalized Interest, whichever is later.
Rate Covenant
Net Revenues plus any Transfers for each Fiscal Year must equal at least 1.25 times the Aggregate Debt Service on all Outstanding Senior Bonds for such Fiscal Year. Net Revenues = Revenues minus Operation and Maintenance Expenses. Available PFC Revenues designated to pay debt service are excluded from the Aggregate Debt Service calculation.
Flow of Funds
Monthly deposits from Revenue Fund in priority order: (1) O&M Fund (1/12 of annual budget), (2) Bond Fund Debt Service Account (to equal Accrued Aggregate Debt Service), (3) Debt Service Reserve Account (to Composite Reserve Requirement), (4) Subordinated Indebtedness debt service, (5) Subordinated debt service reserve, (6) O&M Reserve Account (1/12 toward 1/6 of annual O&M), (7) Secondary Subordinated debt service, (8) Secondary Subordinated reserve, (9) Capital Expenditures Fund (1/12 of annual appropriation), (10) Renewal & Replacement Fund (1/12 of annual appropriation, cap at $2M uncommitted), (11) Discretionary Fund (remainder).
Source Documents
Official Statements
Financial Statements
Airline Use Agreements
Budgets
+1 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