Learn about LAWA Investor Relations including our Sustainability at LAWA, News & Press Releases, Projects, and Team.
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Learn about LAWA Investor Relations including our Sustainability at LAWA, News & Press Releases, Projects, and Team.
About LAWA Investor Relations
- Debt Outstanding
- $5.6 billion
- Bond Ratings
- AA-/Aa3/AA-
- Commercial Service Since
- 1946
Located approximately 15 miles from downtown Los Angeles on the western boundary of the City, LAX is the largest airport in the Air Trade Area. LAX occupies approximately 3,673 acres in an area generally bounded on the north by Manchester Avenue, on the east by Aviation Boulevard, on the south by Imperial Highway, and on the west by the Pacific Ocean. Commercial airline service started in December 1946, and the present terminal complex in LAX was constructed in 1961. In the early 1980s, LAX added domestic and international terminals, parking structures and a second level roadway. LAX offers commercial air service to every major city in the United States and to virtually every major international destination and is classified by the FAA as a large hub airport.
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Sustainability at LAWA
Learn more about LAWA’s sustainability Program.
News
Moody’s Investors Service assigned a Aa3 to the City of Los Angeles Departments of Airports - Los Angeles International Airport Enterprise’s, CA (LAX) Series 2016C Senior Refunding Revenue Bonds and a rating of A1 on Series 2016B Subordinate Revenue Bonds. Moody’s maintains the Aa3 rating on LAX’s $3.6 billion outstanding senior lien bonds and A1 rating on the $1.1 billion outstanding subordinate lien debt. LAX is managed by Deparment of Airports of the City of Los Angeles (aka Los Angeles World Airports, or LAWA), which also currently manages three other airports. The rating outlook is stable.
Moody’s Investors Service has upgraded Los Angeles Department of Airports - Los Angeles International Airport Enterprise’s $3.4 billion Senior Revenue Bonds to Aa2 from Aa3 and $2.7 billion Subordinate Revenue Bonds to Aa3 from A1. Concurrently, Moody’s assigned Aa3 to the $483.3 million Subordinate Revenue Bonds, 2018 Series D and the $166.7 million Subordinate Revenue Bonds, 2018 Series E. The outlook is stable.
Projects
Team
Talk to us
Have questions? Reach out to us directly.