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Recent News

Updated Mar 14, 2026
ONT wins award for community engagement with Brewery X craft beer collaboration

Ontario International Airport received the Best Community Engagement Initiative award at the Airport Experience Conference in Nashville for its Come Fly With Me craft beer partnership with Brewery X. A second Brewery X location opened in Terminal 4 in March 2026.

Ontario International Airport·Mar 9, 2026
ONT reports 3.7% passenger increase in January 2026

Ontario International Airport officials reported a 3.7% increase in passenger volume in January 2026, fueled by a record number of international travelers. The growth continues ONT's trend as one of the fastest growing airports in the United States.

PR Newswire·Mar 9, 2026
Alaska Airlines launches daily ONT-Sonoma County service March 18

Alaska Air Group began daily nonstop service between Ontario International Airport and Charles M. Schulz Sonoma County Airport in Santa Rosa on March 18, 2026. The route operates using an Embraer ERJ-175 aircraft and makes STS ONT's 31st nonstop destination.

Ontario International Airport·Oct 31, 2025

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