REGULATORY COMPLIANCE | 2025 IMPACT REPORT 33
METROPOLITAN WASHINGTON AIRPORTS AUTHORITY
Leading with Accountability
Economic Performance
Strong regulatory compliance is the foundation of the Airports Authority’ s operational integrity and long-term performance. Across all facets of the organization, compliance practices reinforce transparency, strengthen fi nancial resilience and ensure alignment with the legal and operational standards that support safe, effi cient and responsible airport operations.
In 2025, the Airports Authority continued to advance a culture of accountability through disciplined oversight, strategic fi nancial management and enterprise-wide compliance practices that strengthen stakeholder trust and position the organization for continued success.
Delivering the lowest cost-per-enplanement at our airports in decades while growing non-airline revenue demonstrates the strength of our fi nancial strategies. By maintaining disciplined stewardship over our assets and operating expenses, and diversifying our revenue streams, we are well positioned to continue to invest in our airports, support our airline partners, and create long-term value for the region.
Financial Management
The Airports Authority is committed to disciplined fi nancial management that strengthens operational fl exibility and preserves long-term stability. Through strategic planning, careful resource allocation and proactive fi scal oversight, the organization maintains a strong fi nancial position while advancing critical infrastructure investments and operational priorities.
$ 20.00
$ 15.00
$ 10.00
$ 5.00
$ 18.00
$ 17.01
$ 17.69
$ 11.14
$ 15.71
$ 9.38
$ 12.88
$ 9.56 $ 7.73 $ 7.49
Infrastructure Investment and Job Grants
Andrew Rountree Senior Vice President and Chief Financial Offi cer
Throughout the fi scal year, federal, state and local funding opportunities supported projects that enhanced operational effi ciency and reinforced the Airports Authority’ s ability to meet evolving transportation demands. This measured approach to fi nancial planning ensures the Airports Authority remains agile in responding to industry shifts while maintaining competitive costs across the Aviation Enterprise.
Additionally, the Airports Authority pursues capital grant funding through federal programs including the FAA’ s Airport Improvement Program( AIP) as well as programs established by the Infrastructure Investment and Jobs Act( IIJA), also known as the Bipartisan Infrastructure Law( BIL), including the Airport Terminal Program( ATP) and Airport Infrastructure Grants( AIG) program, to offset costs funded by debt. The Airports Authority has received authorization to impose Passenger Facility Charges( PFCs) at the Airports, a portion of the proceeds of which will be applied to reduce debt related to the CCP.
$ 0.00
2021 2022 2023 2024 2025 DCA
IAD
Through the strategic management of grants, the Airports Authority weathered periods of uncertainty and strengthened its fi nancial fl exibility, positioning itself to navigate the aviation sector with resilience and agility.
Cost per enplanement reached $ 9.56 at Dulles International, the lowest since 1999, and $ 7.49 at DCA, the lowest since at least 1997, despite the ongoing impact of persistent infl ation. Non-airline revenue on a budgetary basis came to $ 593.3 million, comprising 71 percent of 2025 total operating revenue on a budgetary basis.