Decades of Fiscal Responsibility
For decades, John Wayne Airport has operated as a financially efficient and self-supporting aviation facility that receives no general tax fund revenue. Our conservative fiscal policies, established by the Board of Supervisors, made 2016 another fiscally sound year. Balanced by strong debt coverage and well-managed expenses, JWA continues to enjoy a financial outlook that is positive and strong.
We completed the filing of a Passenger Facility Charge (PFC) Amendment Application with the Federal Aviation Administration (FAA) and successfully obtained approval, allocating funds for the Riley Terminals A and B Improvements Project.
In 2016, JWA maintained consistently strong financial metrics by monitoring and controlling expenses, and expertly managing cash flows.
With strong reserves and bond ratings that are among the highest of all U.S. airports, our solid financial position provides the Airport with considerable financial flexibility and a positive outlook.