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Recent News
Updated Mar 28, 2026San Antonio International Airport officially opened its Terminal A ground expansion on March 27, 2026. The expansion supports both domestic and international operations with new ground-load gates, expanded passenger areas, and a Federal Inspection Station for international arrivals, including multi-sensory environments and quiet rooms.
Director of Airports Jesus Saenz confirmed that San Antonio International Airport is experiencing record-breaking passenger traffic, prompting the $2 billion terminal expansion. The Terminal A expansion opened March 27, 2026, is described as the largest capital development currently underway in the city.
San Antonio International Airport began Phase 1 of its $2 billion Terminal Development Project on March 23, 2026, closing two of four lanes at the far end of Terminal B's upper and lower levels. The project includes work on the Terminal C canopy and zero-curb transition for improved accessibility, as part of the broader ELEVATE/SAT initiative with the new 17-gate terminal expected to open in 2028.
Airport Profile
Key Financial Data (FY 2024)
Enplaned Passengers (FAA CATS)
Cost per Enplanement (CPE)
Revenue
Expense
Ratemaking Overview
Settlement & True-Up
Annual reconciliation within 120 days after fiscal year end
Extraordinary Coverage Protection (ECP)
Not available
Landing Fee Methodology
Airfield Area Net Requirement divided by forecasted total MGLW
Terminal Rental Rate
Terminal Area Net Requirement divided by total rentable space
Common Use & Gate Allocation
Additional Bonds Test
The City may issue Additional Parity GARBs on parity with Outstanding GARBs upon satisfaction of certain revenue tests required by Section 17 of the Master GARB Ordinance
Rate Covenant
Gross Revenues must be at least sufficient to pay Operation and Maintenance Expenses and provide an amount equal to 1.25 times the Annual Debt Service Requirements (excluding principal and interest on Parity GARBs paid with capitalized interest and funds other than Gross Revenues) on all then-outstanding Parity GARBs
Flow of Funds
Gross Revenues deposited to Revenue Fund, then transferred in priority order: (1) GARB Bond Fund (monthly deposits for debt service); (2) GARB Reserve Fund (1/60th monthly deposits until funded); (3) Operation and Maintenance Account (pay O&M expenses first, then transfer to Subordinated Debt Fund for PFC Bonds); (4) Capital Improvement Fund (year-end balance)
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