Local & Community
Palm Springs International Airport Achieves Strong "A" Rating from S&P Global, Signaling Robust Financial Health for Future Growth
Palm Springs International Airport (PSP) is celebrating a significant financial milestone, having secured a strong "A" rating from S&P Global Ratings. This highly regarded assessment is a testament to the airport's robust financial health and its capacity to independently finance crucial development projects.
The "A" rating signifies that PSP is in an excellent position to fund key initiatives like comprehensive terminal upgrades and the expansion of its international services without burdening local taxpayers. This financial independence is a major advantage, ensuring that the airport's growth directly benefits from its own revenue streams, such as passenger facility charges, rather than municipal taxes.
S&P Global highlighted several compelling strengths that underpinned their positive assessment. Foremost among these are PSP's remarkable passenger levels, which have not only recovered but now significantly exceed pre-pandemic figures. The airport recorded 1.63 million enplanements in fiscal year 2024, approximately 128% of 2019 levels, with year-to-date 2025 numbers tracking even higher. This sustained growth in air travel through Palm Springs provides a strong and stable revenue base.
Furthermore, PSP was lauded for its sound debt management, having effectively reduced its overall debt from $20.7 million to $14.1 million since 2020, while maintaining debt coverage well above required thresholds. The airport's experienced leadership team also received praise for their diligent federal compliance and strategic oversight of long-term infrastructure planning, which includes a new rental car facility, terminal modernization, and enhanced international capabilities.
Airport staff confirmed that this "A" rating is more than just a financial metric; it's a powerful signal to the community, airline partners, and federal stakeholders that Palm Springs International Airport is not only healthy and growing but also fully prepared for its future advancements. This financial stability is expected to streamline access to affordable financing, enabling PSP to continue delivering vital improvements that will enhance the traveler experience and significantly contribute to the economic vitality of the surrounding region.
By: NBC Palm Springs
June 26, 2025
Latest Instagram Posts
Tonight one vote stands between the city of Coachella and a permanent data center ban. Meanwhile, Palm Springs City Council is considering a temporary 45 day ordinance ban against data centers on their end. Make sure to tune in to our 6 and 11 p.m newscasts as our @newsbyalondra has the latest details on the final vote and reaction from the community.
Did you SEE what viewers spotted behind Brad during the Roggin Report? Eagle-eyed viewers were convinced there was something… a little questionable… sitting outside his window. But was it really a naughty garden sculpture? Or was there a much more innocent explanation hiding in plain sight? Let’s just say Brad had some explaining to do. Watch the full story and see what REALLY caused all the commotion at NBCPalmSprings.com. #RogginReport #FredRoggin #PalmSprings #CoachellaValley #NBCPalmSprings YouSawWhat OnlyInTheDesert DesertLife
Thousands of revelers took over the streets of Buñol for La Tomatina — the world’s most famous tomato fight! 🇪🇸 About 22,000 people joined the one-hour food fight, with a whopping 330,000+ pounds of tomatoes getting tossed, smashed and… well, basically turned into salsa. 😂🍅 Would you jump into this tomato madness or watch from a safe, tomato-free distance? 👀 #LaTomatina #LaTomatina2026 #Spain #Bunol #TomatoFight FoodFight Travel Festival SpainTravel NBCPalmSprings
Our Kai Beech talks with the owner of Real Italian Deli in Palm Desert about why using the best ingredients matters — even when it cuts into profits. From making their own bread to carefully choosing what goes into every sandwich, quality is at the core of the business. 🥪🇮🇹 #PalmDesert #RealItalianDeli #CoachellaValley #LocalBusiness #ItalianDeli Sandwiches PalmDesertEats NBCPalmSprings
Did you know that a tablespoon of olive oil per day is great for your health? Starkie Sours shares why in this Wellness Wednesday tip! 🥗
Dolly Parton’s Lasting Impact on LGBTQ+ Community Dolly Parton’s music touched generations — and her message of acceptance left a lasting impact on the LGBTQ+ community. ❤️🏳️🌈 In Provincetown, Massachusetts, members of the queer community are remembering the country music legend and the influence her allyship had on their lives. #DollyParton #LGBTQ #LGBTQCommunity #MusicLegend #Provincetown #CountryMusic #NBCPalmSprings
Title: Dolly’s Final Song Is Set for 2046 Dolly Parton has left fans one final musical gift. 🎶 The country music legend recorded an unreleased song that is set to be released on what would have been her 100th birthday in 2046. Parton died Tuesday in Nashville at age 80 following what her publicist described as a brief battle with cancer. Her music and legacy will live on for generations. ❤️ #DollyParton #CountryMusic #MusicLegend #Entertainment #Nashville #NBCPalmSprings
☕️ Social Time with Thalia & Jerry. Favorite Dolly song? 🎶
BREAKING NEWS: Country artist Dolly Parton has died at 80 following prolonged issues. Our Maria Noble Valdez has more here. Be sure to stay tuned nbcpalmsprings.com for more information. #dollyparton #breakingnews #nbcpalmsprings
📘Make your child the main character in a book, or give someone a special keepsake.📕 Thalia discovered this app and wanted to share it with all of you: Bookestry.com