Reflects airport’s strong financial profile
Erlanger, Ky. (September 8, 2017) – Fitch Ratings has affirmed CVG’s long-term revenue bonds rating of A+ with a stable outlook, citing “the airport’s strong fiscal position on a go-forward basis under its new hybrid compensatory airline use agreement” as a key rating driver.
Fitch also cited as key rating drivers, CVG’s “transition to a predominantly origination/ destination (O&D)” traffic base with nearly 89 percent of CVG’s 3.4 million enplanements (2016) being local passengers. It also noted the continued diversification of passenger airlines operating at CVG with low-cost carriers now representing 25 percent of seats and the diversification of aviation activity due to growth in cargo service.
Fitch upgraded CVG from an A to A+ in June 2016. The September 2017 report affirmed that CVG is exceeding expectations in areas such as local traffic growth, cargo growth and diversification of revenues.
"We’ve been working hard to diversify our carrier base and revenue streams, and receiving an A+ bond rating yet again is a reflection of that hard work,” said Candace McGraw, chief executive officer, Cincinnati/Northern Kentucky International Airport.
2022 Charlotte Douglas International Airport Report of Achievement
Giving back to the community is central to what Charlotte Douglas International Airport and its operator, the City of Charlotte Aviation Department, is about, and last year was no different.
Throughout 2022, while recovering from the COVID-19 pandemic, we continued our efforts to have a positive impact on the Charlotte community. Of particular note, we spent the year sharing stories of how Connections Don't Just Happen at the Terminal - from creating homeownership and employment opportunities to supporting economic growth through small-business development and offering outreach programs to help residents understand the Airport better.
This whitepaper highlights the construction projects, initiatives, programs and events that validate Charlotte Douglas as a premier airport.
Download the whitepaper: 2022 Charlotte Douglas International Airport Report of Achievement.