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.