Staying financially sound

  • Annual report
  • JWA
  • 2022
  • Annual report
  • JWA
  • 2022
  • Annual report
  • JWA
  • 2022

Years of Smart Fiscal Stewardship and Conservative Preparation Paying Off

Year after year, our legacy of prudent stewardship and conservative fiscal practices help us maintain strong cash reserves, low debt and low cost of enplanement, which makes us highly attractive to airlines and the traveling public. We continued to make fantastic progress in 2022 on the financial front.

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Here’s a glimpse:

01

Onward and Upward! Taking advantage of available infrastructure funds.

We applied for $23.1M in discretionary Bipartisan Infrastructure Law - Airport Terminal Program funds to commence the Escalator and Elevator projects and the Restroom ADA Improvements project.

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02

Millions in Airport upgrades
and safety improvements.

We prepared new Passenger Facility Charge applications for more than $161M of eligible capital projects, which include airfield lighting and signage upgrades, airfield perimeter security improvements, upper roadway Methacrylate Road Protection Coating, taxiway reconstruction and safety improvements to vehicle service roads.

03

More streamlined resource management.

We transitioned our entire Maintenance Division from JWA to Orange County Public Works. This helps us streamline maintenance projects, be more proactive, increase responsiveness, and focus our resources on the most strategic projects and priorities.

Did You Know?

John Wayne Airport operates on a

financially self-supporting basis.

No general fund tax revenues are used to
support the Airport’s financial obligations.

On the Horizon in 2023:

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Smart Fiscal Stewardship

The Airport’s outstanding bonds, $60.9M, will be defeased in the first quarter of 2023, using Passenger Facility Charge (PFC) collections and federal aid specifically restricted for airport debt and operating expenses.

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WE WILL continue strengthening the Airport from the inside out.

We’ll fund ongoing and new capital improvement projects and maintenance projects, including new baggage handling system, new elevators and escalators, new signage, and more electric charging stations.