Economic Performance
Economic Performance
Forging New Paths in Leadership and Governance
$ 7.78 at DCA
100 % of employees completed annual ethics training
of board members participated in and completed ethics training
$ 12.88 at IAD
Cost per Enplanement
10
Board Committees
Forging New Paths in Leadership and Governance
$ 436.6M of Airport System bonds refunded by the Airports Authority in 2023
$ 51.2M sourced from federal, state and local grants
13
Board Members
3.16X debt service coverage ratio( minimum requirement 1.25x)
Grants
Courtney- this table is specifically COVID relief Federal COVID Relief Grants CARES Act CRSSA Act ARP Act Total
As part of its fi nancial strategy, the Airports Authority actively identifi es and secures grant opportunities
Grants Received $ 229,103,264 $ 42,739,095 $ 165,972,999 $ 437,815,358 that support operations and enhance fi nancial agility. In 2024, the Authority secured as awarded $ 79.6
million Grants Applied in grant funding under the Bipartisan Infrastructure Law which will be used to fund future capital
2020 $ 74,371,194 $- $- $ 74,371,194 program expenditures. In addition, the Airports Authority bolstered its 2024 fi nancials through the
2021 98,698,846 42,739,095 29,433,388 170,871,329 applicationof $ 51.2 million in other federal grants, including remaining federal COVID( 1) relief funding
2022 22,538,181- 74,405,551 96,943,732( 2)
Through 2023 careful fi nancial management 18,246,078 including- grant acquisition 26,642,664, strategic 44,888,742 refi nancing and oversight of 2024 operating costs the Airports 15,248,965 Authority remains well- positioned 35,491,397 to fulfi ll its mission 50,740,375, support economic
Total Grants Applied $ 229,103,264 $ 42,739,095 $ 165,972,999 $ 437,815,358 development and adapt confi dently to the evolving needs of the aviation industry.
Total Grants Remaining $- $- $- $-
Federal COVID Relief Grants
$ 40.00 $ 35.00 $ 30.00 $ 25.00 $ 20.00 $ 15.00 $ 10.00
$ 14.82 $ 11.49
Reagan National Dulles International Reagan National Dulles International
2022 |
$ |
22,144,350 $ |
22,844,908 |
$ |
- $ |
50,590,000 |
2023 |
$ |
22,054,374 $ |
22,737,109 |
$ |
- $ |
20,000,000 |
2024 |
$ |
22,503,482 $ |
22,121,621 |
$ |
- $ |
35,000,000 |
Total BIL Grants Awarded $ 66,702,206 $ 67,703,638 $- $ 105,590,000
Cost per Enplanement
$ 37.59
$ 28.66
Bipartisan Infrastrucure Law( BIL) Grants
Airport Infrastructure Grants( AIG) Awarded
$ 17.01
$ 18.00
$ 17.69
$ 11.14
Airport Terminal Program( ATP) Grants Awarded
$ 15.71 $ 9.38
$ 12.88 $ 7.73
Economic Performance
Operating major airport systems requires signifi cant day-to-day expenditures and sustained capital investment. As capital-intensive enterprises, airports often rely on large bond programs to fund multiyear infrastructure initiatives. In this environment, strong fi nancial oversight and disciplined resource management are essential.
In 2024, the Airports Authority continued to demonstrate sound fi scal stewardship by effectively managing fi nancial obligations and maintaining operational stability. This included strategically leveraging federal grant funding, executing timely bond refi nancing transactions and sustaining competitive airline rates while maintaining a clear focus on long term growth and fi nancial strength.
$ 5.00 $ 0.00
2019 2020 2021 2022 2023 2024
Reagan Dulles
REGULATORY COMPLIANCE | 2024 IMPACT REPORT 32
METROPOLITAN WASHINGTON AIRPORTS AUTHORITY