, · MKE
Recent News
Updated Mar 28, 2026The 333,000-square-foot MKE Air Cargo Center (MACC) is expected to be complete by fall 2026, representing an $80 million public-private partnership with Crow Holdings. The facility will cover roughly six football fields and can support five Boeing 747s simultaneously, with officials noting it will help offset costs for air carriers and potentially reduce airfare over time.
Despite nationwide TSA staffing shortages causing hours-long delays at major airports during a partial government shutdown, Milwaukee Mitchell International Airport has maintained virtually nonexistent security lines. Airport officials reported smooth operations on March 26, with travelers experiencing minimal wait times at both main concourses.
Milwaukee Mitchell International Airport will officially reach its 100th anniversary on October 5, 2026. MKE Airport has launched a centennial website and will be represented at several community events throughout 2026 leading up to a public centennial celebration in October.
Milwaukee Mitchell International Airport will be among 50 additional airports receiving TSA PreCheck Touchless ID technology by the end of spring 2026. The expansion will increase airports offering the facial recognition service from 15 to 65 nationwide, allowing PreCheck passengers to move through security without presenting physical identification.
Airport Profile
Key Financial Data (FY 2025)
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
Additional Bonds may be issued upon filing with Trustee: (1) certificate of County that no event of default exists and Trustee certificate of no actual knowledge of default; (2) certificate of County showing (a) Net Revenues for last audited fiscal year and (b) maximum debt service on all Outstanding Bonds plus Additional Bonds, demonstrating Net Revenues plus Other Available Funds equal at least 125% of such debt service; OR certificate by Airport Consultant projecting for each of three fiscal years after project completion that Net Revenues plus Other Available Funds will be at least 125% of debt service; (3) certified copy of Supplemental Resolution; (4) opinion of bond counsel. Completion Bonds: certificates not required if principal does not exceed 15% of original principal for project. Refunding Bonds: certificates not required if average annual debt service on refunding bonds does not exceed average on Refunded Bonds.
Rate Covenant
Net Revenues, together with Other Available Funds (unencumbered funds on deposit or anticipated on the first day of the fiscal year in the Coverage Fund and Surplus Fund up to 25% of debt service), must equal at least 125% of debt service on all Outstanding Bonds, including without duplication any Credit Facility Obligations with same priority lien. PFC Revenues treated as Revenues only if specifically designated in Supplemental Resolutions. Failure to comply does not constitute default if County promptly (a) causes airport consultant study with recommendations, (b) considers recommendations, (c) takes action to comply, and (ii) in following fiscal year, Net Revenues plus Other Available Funds meet covenant.
Flow of Funds
Revenues deposited into Airport Revenue Fund. PFC Revenues transferred to PFC Revenue Account. Monthly transfers to: (1) Operation and Maintenance Fund for current O&M Expenses; (2) Special Redemption Fund (Interest and Principal Account, Reserve Account, Capitalized Interest Account) for debt service and Reserve deficiencies; (3) General Obligation Bond Fund for GO bonds (none outstanding); (4) O&M Reserve Fund maintained at 1/6 of estimated annual O&M Expenses; (5) Coverage Fund maintained at 25% of annual debt service; (6) Capital Improvement Reserve Fund for capital improvements per Amended AULA and subordinate debt; (7) Surplus Fund for ADFA and ADF Depreciation Account per Amended AULA.
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