Staying Financially Sound
FINANCIAL REPORT
Years of Smart Fiscal Stewardship and
Conservative Preparation Paying Off
Our financial stability is a long-standing hallmark of John Wayne Airport’s operation—and we are proud of our integrity and commitment. Our history of conservative fiscal practices and careful stewardship help us maintain strong cash reserves, low debt and low cost of enplanement, which makes us highly attractive to airlines and travelers alike. In 2023, our financial stewardship helped us achieve another impressive milestone—becoming debt-free.
WHAT WE DID IN 2023
Mission accomplished: We’re debt-free!
We defeased $60.9 million of JWA’s outstanding Airport Revenue Bonds - rendering the debt obligation null and void without prepayment penalties.
Made a strong impact on the local economy
JWA contributed more than $5.7 billion to the Orange County economy in 2022, including $3.4 billion in direct impacts, $1.2 billion in indirect impacts, and $1.2 billion in induced impacts.
Added new revenue through ridesharing
We signed a new agreement with Turo for rideshare services at the Airport—increasing JWA enterprise fund revenue by approximately $1 million annually.
DID YOU KNOW?
We received $5.5 million in concession rent relief grant payments for eligible concession tenants from the FAA-approved Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) and American Rescue Plan Act (ARPA).
On the Horizon in 2024
We’ll aim to capitalize on grant funding
We’ll prepare and submit a Bipartisan Infrastructure Law (BIL) Airport Infrastructure Grants (AIG) application to support phase one of our Airport Power Generation and Distribution Upgrades Project.