FORT MYERS, Fla. (Sept. 19, 2023) – Kroll Bond Rating Agency (KBRA) has elevated the long-term rating of Southwest Florida International Airport (RSW) from A+ to an outstanding AA- for its Airport Revenue Bonds. The bonds are payable from the net revenues generated by the operations of Southwest Florida International Airport in Fort Myers, Florida. The rating upgrade recognizes the strong recovery in enplanement levels at RSW, which exceeds the national average, a strong balance sheet and robust liquidity, as well as a management team with extensive industry experience that has been effective in steering the financial operations of RSW. The Stable Outlook reflects KBRA’s expectation that airport activity will continue to recover through the remainder of 2023, with activity levels supporting healthy debt service coverage through the intermediate term.
“The Lee County Port Authority is very pleased KBRA recognizes the strength of RSW’s demand-driven business plan. We are meeting the new travel experience expectations of our customers and promoting growth, while controlling costs,” said Ben Siegel, CPA, C.M., executive director of the Lee County Port Authority.
Southwest Florida International Airport served a record-breaking10.3 million passengers in 2022 and is one of the top 50 U.S. airports for passenger traffic. No ad valorem (property) taxes are used for airport operation or construction. For more information, visit flylcpa.com.
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.