Large Hub — Cost per Enplaned Passenger
31 airports
Actual = from FAA CATS or audited financials | Projected = from Official Statements | Source: DWU Consulting
| # ▲ | Airport | Enpax (000s) | FY 2024 | FY 2025* | FY 2026 | FY 2027 | FY 2028 | FY 2029 | FY 2030 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ATL | 52,511 | $3.93 | $4.48 | $9.54 | $11.45 | $13.49 | $14.65 | $15.28 | '25AB OS, all-in CPE |
| 2 | DFW | 42,351 | $13.44 | — | $16.99 | $20.26 | $23.11 | $25.46 | $25.88 | '25AB OS |
| 3 | DEN | 40,013 | $12.76 | — | — | — | — | — | — | — |
| 4 | ORD | 38,576 | $29.56 | $29.52 | $29.85 | $30.67 | $31.93 | $36.56 | $37.68 | '25AB OS |
| 5 | LAX | 37,761 | $30.16 | $33.85 | $38.10 | $42.85 | $46.41 | $50.64 | $51.82 | '25ABC OS |
| 6 | JFK | 31,466 | $36.01 | — | — | — | — | — | — | — |
| 7 | CLT | 28,524 | $4.74 | $4.42 | $5.06 | $5.34 | $5.94 | $7.16 | $7.47 | '25AB OS |
| 8 | LAS | 28,245 | $5.36 | $7.13 | $8.66 | — | — | — | — | '25A OS |
| 9 | MCO | 27,860 | $8.18 | $13.47 | $13.84 | $15.19 | $15.65 | — | — | '24 OS |
| 10 | MIA | 26,588 | $16.83 | $17.45 | $19.60 | $21.87 | $24.48 | $26.28 | $28.81 | '25ABC OS |
| 11 | PHX | 25,596 | $7.81 | $8.62 | — | — | — | — | — | — |
| 12 | SEA | 25,415 | $18.24 | $19.43 | $22.51 | $25.60 | $27.53 | $29.07 | $30.84 | '25ABC OS |
| 13 | SFO | 25,079 | $32.14 | $28.11 | $24.57 | $28.43 | $35.51 | $41.60 | $46.01 | '25DE OS |
| 14 | EWR | 24,544 | $31.67 | — | — | — | — | — | — | — |
| 15 | IAH | 23,349 | $10.66 | $11.17 | $12.93 | $12.71 | $11.95 | $13.31 | $13.24 | '25AB OS |
| 16 | BOS | 21,091 | $21.72 | $23.50 | — | — | — | — | — | — |
| 17 | MSP | 18,054 | $11.06 | $9.89 | $10.27 | $12.02 | $12.22 | $12.24 | $13.26 | '24AB OS |
| 18 | FLL | 17,096 | $10.20 | — | — | — | — | — | — | — |
| 19 | LGA | 16,716 | $23.20 | — | — | — | — | — | — | — |
| 20 | DTW | 16,111 | $8.88 | $12.61 | $13.22 | $13.55 | $13.63 | $13.08 | $13.11 | '25DEFGH OS |
| 21 | PHL | 15,102 | $15.03 | $16.33 | $16.39 | $18.43 | $17.80 | $15.15 | $16.37 | '25AB OS |
| 22 | SLC | 13,544 | $10.44 | $19.25 | $21.36 | $23.10 | $23.78 | $23.63 | $23.37 | '25AB OS |
| 23 | BWI | 13,221 | $10.57 | $11.57 | $11.61 | $12.37 | $12.63 | — | — | '24A OS |
| 24 | IAD | 13,003 | $12.88 | $9.51 | $12.57 | $15.86 | $16.51 | $17.43 | $20.71 | '25A MWAA OS |
| 25 | SAN | 12,780 | $17.35 | $18.52 | $20.85 | $21.86 | $25.24 | $26.78 | $28.54 | '25AB OS |
| 26 | DCA | 12,751 | $7.73 | $8.38 | $10.74 | $11.23 | $13.87 | $15.65 | $16.60 | '25A MWAA OS |
| 27 | TPA | 12,076 | $10.22 | $12.01 | $12.85 | $13.57 | $17.92 | $19.58 | $21.44 | '24AB OS |
| 28 | BNA | 12,059 | $8.49 | $9.41 | $10.91 | $11.39 | $12.55 | $15.83 | $17.48 | '25 OS |
| 29 | AUS | 10,678 | $13.54 | — | — | — | — | — | — | CLEARED |
| 30 | HNL | 10,449 | $20.92 | $21.57 | $17.97 | $19.49 | $22.34 | $25.37 | $26.56 | '25ABCD HAW OS |
| 31 | MDW | 10,360 | $15.59 | $27.82 | $27.90 | $28.09 | $29.45 | $28.01 | $30.09 | '25AB OS |