Sep 18, 2025
GOAA Board Approves FY 26 Budgets, CIP
ORLANDO, Fla. – The Greater Orlando Aviation Authority (GOAA) Board approved Fiscal Year 2026 budgets for Orlando International Airport (MCO) and Orlando Executive Airport (ORL),setting the stage for a new era of growth and guest-focused enhancements at two of Central Florida’s most important aviation gateways.
$5.9 billion MCO Capital Improvement Plan will expand capacity, modernize facilities, and elevate the passenger experience
As the busiest airport in Florida, and one of the busiest in the United States, MCO continues to experience strong travel demand. ORL serves as the region’s premier general aviation facility and primary reliever airport for MCO.
The GOAA Board on Wednesday approved a FY 2026 Budget for Orlando International Airport totaling $979,494,000, reflecting a $38.2 million increase in budgeted revenues and an 8.4% increase in budgeted Operating and Maintenance (O&M) expenses compared to the previous year.
It is important to note the budget does not include any local tax dollars.
The Board also approved a FY 2026 budget for Orlando Executive Airport totaling $7,885,183, continuing the airport’s role in supporting business and general aviation, and relieving congestion from MCO.
GOAA Board Approves Revised Capital Improvement Plans
In addition to operating budgets, the Board also approved significant updates to both airports’Capital Improvement Programs (CIP). Capital Improvement Plans are multi-year plans outlining major capital projects linked to the Aviation Authority’s strategic goals.
MCO’s Fiscal Year 2025-2030 Capital Improvement Program now totals $5.9 billion, a net increase of $484.9 million.
The revised CIP illustrates GOAA’s commitment to invest significantly in projects that will expand capacity, modernize airport facilities, and elevate the experience for everyone who comes through MCO. This includes:
- Expanding parking capacity
- Expanding baggage handling capacity
- New and upgraded gate areas
- Modernizing Terminal A and Terminal B
- Renovating and adding new restrooms, seating areas, retail shops, and restaurants
- Installation of state-of-the-art technology to improve the journey through MCO
“Impressions matter and we want every guest’s first and last impression when they arrive and depart to be ‘Wow’,” said Lance Lyttle, Chief Executive Officer of the Greater Orlando Aviation Authority, which manages Orlando International Airport (MCO) and Orlando Executive Airport (ORL). “Our strategy begins and ends with our guests and employees. We’re making it easier to move through our airports while creating spaces that are more welcoming, more efficient, and more enjoyable, from the parking lot to the gate, so every step of the journey feels seamless.”
Orlando Executive Airport’s revised Capital Improvement Program totals $84.2 million, supporting activity to provide the region with vital general aviation access.
About Greater Orlando Aviation Authority
The Greater Orlando Aviation Authority is proud to operate Orlando International Airport (MCO) and Orlando Executive Airport (ORL), two of Florida’s premier air travel gateways. MCO is a world-class global connector, serving nearly 58 million annual passengers across its three terminals, A, B and C. Connected to an Intermodal Terminal Facility that offers high-speed passenger rail service, Terminal C is an inventive structure that elevates the customer experience with 100% automated screening lanes at TSA checkpoints. ORL is conveniently located just miles from downtown Orlando and provides vital general aviation access to the heart of the region.
For more information, please contact the Office of Public Affairs at the Greater Orlando Aviation Authority at 407-825-2055 or email us at MCOPIO@goaa.org for further assistance.