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Recent News

Updated Mar 1, 2026
San Jose Airport sees Super Bowl traffic surge with 63% flight increase

San Jose Mineta International Airport handled 130,000 passengers during the 12-day Super Bowl period from Jan 30-Feb 10, 2026, with 234 additional commercial flights. Feb 9 marked the busiest day with 20,600 passengers, an 84.9% increase compared to same weekday in 2025. The airport expects continued traffic from upcoming NCAA and World Cup events.

Mercury News·Feb 23, 2026
SJC passenger traffic declined in 2025 despite late-year recovery

Passenger trips declined at San Jose airport during 2025, though December saw increases over November suggesting robust holiday travel. Despite challenges, SJC remains California's most dependable airport for on-time performance and serves more than 40 nonstop destinations. The airport handled declining traffic while maintaining strong operational metrics.

Mercury News·Feb 23, 2026
JSX plans new turboprop service between San Jose and Santa Monica

Semiprivate carrier JSX announced plans to launch service between San Jose Mineta International Airport and Santa Monica Airport using new ATR turboprop aircraft. The challenge is securing space at SJC for JSX, which operates from private terminals, potentially pushing the route to Oakland instead. Service could begin by summer 2026.

The Points Guy·Jan 21, 2026
TSA PreCheck Touchless ID expansion coming to San Jose airport

San Jose Mineta International Airport is among 16 high-priority airports receiving TSA PreCheck Touchless ID technology in 2026. The facial recognition and biometric technology will streamline security screening for eligible travelers as part of TSA's expansion to 50 additional airports nationwide.

Men's Journal·Jan 10, 2026

Airport Profile

Bond TypeGARB
Rate MethodologyHybrid Residual
AUA StatusActive
Agreement Period2019-01-01 – 2029-12-31

Key Financial Data (FY 2025)

CPE$21.57
Signatory Landing Fee$5.1300
Enplanements5,680,778
Total Operating Revenue$251.1M
Total Operating Expense$195.1M
Operating Income$56.0M
Total Debt$1.0B
Rate Covenant1.25x
Unrestricted Cash$310.3M
Landed Weight (1000 lbs)7,090,000

Enplaned Passengers (T-100)

4.4M-24.4%

Cost per Enplanement (CPE)

$21.57+19.0%

Revenue

$251.1M+8.0%

Expense

$195.1M+10.3%

Ratemaking Overview

Overall MethodologyHybrid Residual
Ratesetting Typeagreement
Cost Center StructureAirfield, Terminal, and Airline-Supported Areas
Revenue SharingNo revenue sharing provisions
Capital RecoveryAirport system bonds and user fees

Settlement & True-Up

Annual true-up of actual costs versus estimates

Extraordinary Coverage Protection (ECP)

ECP TypeStrong/Traditional

Not available

Landing Fee Methodology

MethodologyResidual

Landing fees per Maximum Gross Landed Weight

Terminal Rental Rate

Rate DivisorRentable square footage

Terminal rent based on space allocation

Common Use & Gate Allocation

Common Use GatesYes
Common Use BaggageYes

Additional Bonds Test

Additional Bonds may be issued for refunding (if Annual Debt Service on new bonds ≤ Annual Debt Service on refunded bonds), for completion of projects (up to 15% of prior series), or for other airport purposes if either: (i) Historical Test: Net General Airport Revenues plus Other Available Funds for most recent fiscal year or other 12-month period ≥ 125% of Maximum Annual Debt Service after new bonds issued; or (ii) Projected Test: Consultant report showing estimated Net General Airport Revenues plus Other Available Funds ≥ 125% of Annual Debt Service for next 5 years or 3 years following project completion. Both require Net Revenues plus Other Available Funds (excluding Rolling Coverage Amount) ≥ 100% of Maximum Annual Debt Service.

Rate Covenant

Covenant Ratio1.25x

The City covenants to manage operations and establish rates so that (i) Net General Airport Revenues plus Other Available Funds equals at least 125% of Annual Debt Service for each fiscal year, and (ii) Net General Airport Revenues plus Other Available Funds (excluding Rolling Coverage Amount and non-cash amounts unless budgeted) equals at least 100% of Annual Debt Service. Annual Debt Service is Debt Service for the fiscal year less Available PFC Revenues.

Flow of Funds

General Airport Revenues deposited in General Revenue Fund. First priority: Maintenance and Operation Costs. Second: Interest on Bonds. Third: Principal on Bonds. Fourth: Bond Reserve Fund (maintain Required Reserve in each account). Fifth: Surplus Revenue Fund, allocated in order to: (1) Subordinated Debt Account, (2) Rate Stabilization Fund, (3) Renewal and Replacement Account. Amounts remaining in Surplus Revenue Fund after required deposits may be released for any lawful Airport purpose.

1.Maintenance and Operation Fund — Monthly deposit of 1/12 of budgeted M&O Costs or amount necessary to pay M&O Costs. Used to pay Maintenance and Operation Costs of the Enterprise as they become due.
2.Interest Fund — On or before second Business Day before each Payment Date, deposit amount necessary to pay interest on Outstanding Bonds. Amounts used solely to pay interest on applicable series of Bonds as it becomes due.
3.Principal Fund — On or before second Business Day before each Payment Date, deposit amount necessary to pay principal on Outstanding Bonds. Amounts used solely to pay Principal Installments, Guaranteed Obligation Requirements, and purchase price of Bonds.
4.Bond Reserve Fund — Monthly deposit to maintain balance equal to Required Reserve for each account. May divide replenishment into up to 12 monthly installments. Used to pay principal and interest on Bonds if no other moneys available, or for payment/redemption of all such Bonds outstanding.
5.Surplus Revenue Fund — On 15th day of each month, deposit remaining moneys from General Revenue Fund (minimum equal to lesser of Subordinated Debt Account requirement or amount remaining in General Revenue Fund). Allocated to sub-accounts in priority order.
6.Subordinated Debt Account (within Surplus Revenue Fund) — Monthly deposit until amount equals debt service on Subordinate Obligations due prior to next scheduled deposit.
7.Rate Stabilization Fund (within Surplus Revenue Fund) — Accumulated from Allocated General Airport Revenues. Used to facilitate revenue sharing or rate stabilization provisions of airline agreements. Can be withdrawn for deposit into M&O Fund, Interest Fund, or Principal Fund.
8.Renewal and Replacement Account (within Surplus Revenue Fund) — Monthly deposit until budgeted amount for fiscal year is deposited. Withdrawn by City and deposited in Airport Renewal and Replacement Fund as directed by Council resolution.

Source Documents

Official Statements

SJC-2011B-OS.pdf
SJC-2017AB-OS.pdf
SJC-2021ABC-OS.pdf

Financial Statements

SJC 2025 ACFR.pdf

Airline Use Agreements

SJC-2019-2029-AUA.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