PSP Gets ‘A’ Grades Across The Board
Palm Springs International Airport is getting “A” grades from S&P Global Ratings when it comes to growth and solid financial health.
S&P Global highlighted several of the airport’s strengths which contributed to the ‘A’ rating:
- Record Passenger Numbers: PSP’s passenger traffic has surpassed pre-pandemic levels, showing strong demand for air travel.
Palm Springs International Airport served more than 3.2 million passengers in 2023, with 12 airlines providing non-stop service to 31 airports during the peak travel season.
- Effective Management: The airport’s management team is recognized for their skill in running a successful airport and maintaining financial stability.
- Financial Strength: The airport maintains strong financial metrics, including excellent debt service coverage and liquidity.
According to S&P Global, the outlook for PSP remains stable, reflecting expectations of continued passenger growth and strong financial performance.
“We are proud that S&P Global has reaffirmed our ‘A’ credit rating, highlighting our strong financial management and resilient passenger base,” said Victoria Carpenter, PSP’s Airport Administration Manager. “We’re grateful to the community for their continued support of Palm Springs International Airport. Our sustained financial health allows us to invest in improvements that enhance the travel experience for our passengers. We look forward to the future success of PSP.”
PSP has continued to see record passenger volumes, positioning itself as a key player in the region’s aviation market. The airport’s robust performance and strategic management have been pivotal in attracting and retaining airline partners, ensuring a bright future for the airport and its stakeholders.
Sky view of Palm Springs CA International Airport.
Photo from Palm Springs International Airport Aug 2024
