ORLANDO, Fla. — Encouraged by robust passenger traffic and an ambitious Strategic Plan, Moody's Investors Service has favorably evaluated several of the Greater Orlando Aviation Authority’s (GOAA) key financial benchmarks. Moody’s revised the outlook on GOAA's outstanding bonds from stable to positive; affirmed the Aa3 rating on the Aviation Authority’s outstanding senior lien revenue bonds: and affirmed the A1 rating on outstanding priority subordinate lien revenue bonds.
An improved outlook in the credit rating industry reflects an agency’s commitment to fiscal responsibility, strategic planning and operations efficiency.
The outlook’s upward revision to positive was driven by the ratings agency’s expectation of GOAA’s continued strong performance, which supports maintenance of strong financial metrics even through the implementation of Orlando International Airport’s capital improvement program. Moody’s also noted that GOAA benefits from well-diversified air service offerings and a near-monopoly position for air travel to one of the primary tourism destinations in the world.
The assessment also incorporates Moody’s expectation that the airport will continue to manage its expenses and implement its future capital improvement program in order to allow the Authority to successfully maintain strong financial metrics and hold airline costs at adequate levels.
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.