, · PDX
Recent News
Updated Mar 28, 2026Portland International Airport confirmed normal security wait times despite the partial government shutdown affecting many U.S. airports. A Port of Portland spokesperson stated the airport has not experienced travel impacts even with rising passenger volumes.
Portland International Airport's $2.2 billion main terminal renovation project is 70% complete and on track to finish in June 2026. The final phase focuses on north and south terminal sides, with the last construction bypass to be removed in March to ease movement between concourses.
Two Portland-based businesses began one-year residencies in March 2026 at PDX's pre-security area as part of the airport's Pop-Up Program. The program is designed to lower barriers for small businesses to access airport retail opportunities.
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
Two-part test: (1) Certificate from Assistant Secretary that for most recent complete Fiscal Year or any consecutive 12 out of most recent 18 months, Net Revenues were at least 130% of SLB Debt Service Requirement on all then Outstanding SLBs; and (2) Either (a) Airport Consultant report projecting estimated Net Revenues for each of three consecutive Fiscal Years will equal at least 130% of SLB Debt Service Requirements including new bonds, or (b) Certificate that for most recent complete Fiscal Year or any consecutive 12 out of most recent 18 months, Net Revenues were at least 130% of maximum SLB Debt Service Requirement on all Outstanding SLBs and the new series. Refunding bonds exempt if aggregate debt service does not exceed refunded bonds. Non-cash unrealized items disregarded.
Rate Covenant
Net Revenues in each Fiscal Year will be at least equal to 130% of the SLB Debt Service Requirement for all SLBs then Outstanding. Net Revenues = Revenues minus Costs of Operation and Maintenance. Non-cash, unrealized gains, losses, expenses and/or revenues, including the fair value of Qualified Swaps, Qualified TLO Swaps, other swap agreements or other derivative products are disregarded.
Flow of Funds
All Revenues deposited to Airport Fund. First: pay Costs of Operation and Maintenance. Remaining Net Revenues credited to General Account. From General Account: FIRST - SLB Principal and Interest Account (monthly deposits for semiannual interest and 12 months prior to principal payment); SECOND - SLB Reserve Account (to maintain SLB Reserve Fund Requirement); THIRD - Junior Lien Obligation Fund (JLO Fund); FOURTH - Third Lien Obligation Fund (TLO Fund). Remaining amounts after these deposits constitute Remaining Contingent Fee Payments (limited to actual Contingent Fee Payments received), transferred to CFC Revenue Fund. Amounts remaining after all transfers may be used for any lawful Airport purpose, General Aviation Airports, Special Obligation Bonds, or other Airport Revenue Bond Ordinance purposes.
Source Documents
Official Statements
Financial Statements
Budgets
+3 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