Conservative financial management have contributed to the Airports Authority’s ability to maintain its financial strength, despite the current economic climate and lingering impacts of the COVID-19 pandemic.  In 2022, the Airports Authority’s debt service coverage ratio was 2.25x exceeding the minimum requirement of 1.25x.  In addition, the Airports Authority generated $180 million in present value debt service savings for the Dulles Corridor Enterprise from the issuance of the Series 2022AB Dulles Toll Road Second Senior Lien Revenue Refunding Bonds.

The Airports Authority’s outstanding debt portfolio is conservatively structured, with 96%  fixed rate bonds and only 4% variable rate bonds.  In total, the Airports Authority has refunded $4.7 billion of Airport System bonds from 2010 through 2022, resulting in $606 million present value debt service savings and allowing the Airports Authority to maintain competitive airline rates and charges. 

The Airports Authority’s Board of Directors fosters the long-term success of the Airports Authority.  The Airport Authority’s Board members represent diverse industries and experiences. In 2022, the Board of Directors welcomed two (2) new Board members, Sean O. Burton and Brett Gibson.