For decades, John Wayne Airport (JWA) has operated as a financially efficient and self-supporting aviation facility that receives no general fund tax revenue. Its commitment and effective execution of the Board’s conservative fiscal policies made 2015 another great year. Balanced by strong debt coverage and well-managed expenses, JWA continues to enjoy a financial outlook that is healthy and solid.
We’re proud that John Wayne Airport’s revenue bonds are consistently some of the highest-rated bonds among all U.S. airports. In 2015, our excellent bond ratings were reaffirmed, demonstrating strong creditworthiness relative to other U.S. airport issuers. Here’s where we stand:
- // Standard and Poor’s: AA-
- // Moody’s: Aa3
- // Fitch: AA-
SENIOR DEBT RATINGS FOR SELECTED CALIFORNIA AIRPORTS FY 2015
S O U R C E : Annual Financial Report for Respective Airports.
N R : Not rated by Fitch
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In 2015, JWA maintained consistently strong financial metrics by monitoring and controlling expenses, and expertly managing cash flows.
John Wayne Airport’s Revenue Bonds are some of the highest rated among all airports in the country.
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The Airport’s financial team proactively analyzed revenues, expenses, capital expenditures, investments and cash flows, helping to ensure the Airport’s long-term financial health.
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JWA maintained a stable low cost per enplaned passenger of approximately $10 or less in the past three years, keeping Airport costs competitive and attractive for the air carriers compared with its geographical peers.