The Port Authority of New York and New Jersey has projected a record-breaking year in 2025, estimating that its four commercial airports will accommodate 150 million passengers. The authority manages John F. Kennedy International Airport (JFK), LaGuardia Airport (LGA), Newark Liberty International Airport (EWR), and Stewart International Airport (SWF).
Elizabeth McCarthy, the chief financial officer of the Port Authority, presented the 2025 budget at a board meeting on December 12. She stated that "150 million passengers should pass through these airports in 2025." Developments include new terminals and full-scale construction under the 'New JFK' program with $19 billion investments and a new AirTrain at Newark-Liberty.
The proposed $9.4 billion budget is balanced between income and expenses to support the authority's operations. The authority anticipates earning an additional $247 million in revenue compared to 2024, mainly from aviation activity-based rentals and higher recoverable costs.