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Recent News

Updated Mar 28, 2026
Ontario International Airport reports 6.3% passenger increase in February 2026

Ontario International Airport reported 478,625 passengers in February 2026, a 6.3% increase from 450,093 in February 2025. International passenger traffic surged by 55.1% to 55,531 passengers, while domestic traffic increased by 2.1%. Cargo shipments grew by 10.3% compared to the same month last year.

PR Newswire·Mar 26, 2026
Ontario International Airport surpasses 7.1 million passengers in 2025

ONT welcomed 567,000 international passengers in 2025, a nearly 30% increase over 2024. The airport surpassed 7.1 million passengers overall in 2025, marking a milestone year. Air cargo tonnage increased 5.3% year over year, led by greater U.S. mail volumes.

PR Newswire·Jan 22, 2026
Ontario International Airport unveils new monument sign celebrating decade of local control

Ontario International Airport unveiled a striking new monument sign at Archibald Avenue and Airport Drive on January 21, 2026, marking the airport's transformation and continued momentum as it celebrates a decade of local control. The monument features towering 'ONT' letters backed by sculpted mountain forms inspired by the nearby San Gabriel Mountains.

PR Newswire·Jan 21, 2026

Airport Profile

Bond TypeGARB
Rate MethodologyResidual
AUA StatusActive

Key Financial Data (FY 2025)

CPE$7.74
Signatory Landing Fee$1.9900
Enplanements3,541,027
Total Operating Revenue$118.5M
Total Operating Expense$119.2M
Operating Income$-673K
Total Debt$152.7M
Rate Covenant1.25x
DSC Ratio1.47x
Unrestricted Cash$98.2M
Landed Weight (1000 lbs)8,724,821

Enplaned Passengers (FAA CATS)

3.5M+4.8%
Route data →

Cost per Enplanement (CPE)

$7.74+13.8%

Revenue

$118.5M+8.2%

Expense

$119.2M+12.8%

Ratemaking Overview

Overall MethodologyResidual
Cost Center StructureAirfield (landing fees), Terminal (space rental, gate use fees), Ground Transportation, FIS (Federal Inspection Services), Parking, CFC (Customer Facility Charge)

Settlement & True-Up

Not available

Extraordinary Coverage Protection (ECP)

ECP TypeNone

No extraordinary coverage protection mechanism identified. This is a compensatory rate resolution with no airline guarantee of airport-wide financial sufficiency.

Landing Fee Methodology

MethodologyCompensatory

Landing fees are charged per 1,000 lbs MGLW for aircraft over 25,000 lbs ($1.99 signatory, $2.49 non-signatory). Aircraft 12,500-25,000 lbs: $59 per landing (sig), $74 (non-sig). Aircraft under 12,500 lbs: $31 per landing (sig), $38 (non-sig).

Terminal Rental Rate

Terminal space rental is $7.73 PSFPM for signatory airlines, $9.66 PSFPM for non-signatory. Ground Transportation Center is $7.26 PSFPM (sig), $9.08 (non-sig). Covers Terminal 1, Terminal 2, Terminal 4, and FIS.

Common Use & Gate Allocation

Additional Bonds Test

Requires delivery of certificate showing either: (a) Net Pledged Revenues for any 12 consecutive months out of 18 preceding issuance were at least 125% of Maximum Aggregate Annual Debt Service; or (b) Consultant certificate showing historical revenues (12 out of 24 months) at 125% of MADS, compliance with rate covenant during construction period, and estimated Net Pledged Revenues for first 3 complete Fiscal Years after completion at least 125% of MADS. Exceptions for refundings (not exceeding MADS), Notes (up to 10% of Pledged Revenues), and completion bonds (up to 10% of prior issue).

Rate Covenant

Covenant Ratio1.25x

Net Pledged Revenues must equal at least 125% of Aggregate Annual Debt Service for each Fiscal Year. In determining compliance, the Authority may take into account the amount, if any, related to coverage paid in a prior Fiscal Year that is available in the current Fiscal Year not to exceed 25% of Aggregate Annual Debt Service.

Flow of Funds

Priority waterfall: (1) Maintenance and Operation Fund (1/12 of budgeted annual O&M), (2) Interest Account (1/6 of semiannual interest), (3) Principal Account (1/12 of annual principal), (4) Reserve Fund (maintain Required Reserve), (5) Maintenance and Operation Reserve Fund (maintain M&O Reserve Fund Requirement), (6) Surplus Revenue Fund (remaining Pledged Revenues, free and clear of lien).

1.Maintenance and Operation Fund — On or before first day of each month, deposit 1/12 of budgeted annual M&O Expenses or such other amount as Authority determines necessary to pay M&O Expenses in excess of budgeted amount
2.Interest Account (Debt Service Fund) — After priority (1), on or before first day of each month, deposit 1/6 of semiannual interest becoming due on all Bonds. Separate subaccounts for each series. Pro rata if insufficient funds.
3.Principal Account (Debt Service Fund) — After priorities (1) and (2), on or before first day of each month, deposit 1/12 of annual principal becoming due on all Bonds. Separate subaccounts for each series. Pro rata if insufficient funds.
4.Reserve Fund — After priorities (1)-(3), on or before first day of each month, transfer to Trustee such amount required to maintain each account at the applicable Required Reserve. May be divided into up to 12 monthly installments after draw. May be satisfied by Reserve Fund Surety Policy.
5.Maintenance and Operation Reserve Fund — After priorities (1)-(4), on or before first day of each Fiscal Year, deposit amount required to maintain balance equal to M&O Reserve Fund Requirement
6.Surplus Revenue Fund — Treasurer may determine Pledged Revenues remaining in Airport Revenue Fund after all required deposits (1)-(5) and transfer to Surplus Revenue Fund. May be transferred to other Authority funds free and clear of lien for Subordinated Obligations or discretionary purposes, except if Authority in default.

Source Documents

Official Statements

ONT-2021ABC-OS.pdf
ONT-2021ABC-OS.pdf

Financial Statements

fiscal_year_financial_statements_ended_june_30_2024-_2023.pdf
ONT 2024 FS.pdf
ONT-2024-FS.pdf

Budgets

fy_2026_adopted_budget.pdf
fye_2025_adopted_operating_budget_vs_fye_2024_adopted.pdf
fiscal_year_23-24_adopted_capital_budget.pdf
fiscal_year_23-24_adopted_operating_budget.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