Monterey Regional Airport

What Monterey Regional Airport does

Monterey Regional Airport (MRY) is a non-hub commercial-service airport operated by the Monterey Peninsula Airport District (MPAD), an independent special-district government entity created in 1941. The airport runs scheduled passenger operations across five primary commercial carriers — Alaska Airlines, Allegiant Air, American Airlines, United Airlines, and JSX — with seasonal service from Sun Country, connecting the Monterey Peninsula to roughly eleven domestic destinations (San Diego, Seattle, Los Angeles, Las Vegas, Dallas-Fort Worth, Phoenix, San Francisco, Denver, Chicago, Burbank, Orange County) and offering one-stop reach to 95+ global destinations via partner hubs. Physical infrastructure includes dual parallel runways (primary 28L/10R at 7,175 feet with precision ILS capability; GA runway 28R/10L at 3,504 feet), a federally staffed Air Traffic Control Tower, and a terminal opened in 1973 that is being replaced by a 62,000-square-foot, zero-net-energy-ready facility (designed by HOK) opening summer 2027.

The airport generates operating revenue through a diversified mix of transaction-based streams: airline landing fees, passenger facility charges, parking operations across three lots at $20-$34 per day (operated by Reimagined Parking), terminal concession rents (dining, retail), and recurring tenant rents from airlines, rental car companies, and other on-airport businesses. Customer demand is anchored in two primary segments — leisure travelers visiting the Monterey/Carmel/Big Sur/wine country tourism corridor, and business travelers requiring efficient regional connectivity — with a smaller but well-served military and government segment using GSA City Pair Program fares. In 2025, MRY served a record 659,867 passengers (+6.3% YoY), operated 40+ daily flights, and supported 2,400+ on-airport jobs, generating over $302M in annual regional economic impact per the airport's 2014 economic benefits study.

Strategically, MRY is mid-execution on the $200M MRY Metamorphosis Safety Enhancement Program, a multi-phase FAA-required capital transformation including Taxiway A relocation, ARFF facility replacement (completed 2023), commercial apron reconstruction (completed September 2025), and the replacement terminal. The capital program is largely federally funded through cumulative FAA Airport Improvement Program grants exceeding $168M. Go-to-market is anchored in partnerships with five commercial airlines and tourism organizations (See Monterey, Visit Carmel By-The-Sea), with an exploratory expansion into urban air mobility via a partnership with Joby Aviation following the first piloted eVTOL flight between Marina (OAR) and MRY in August 2025. The airport holds an A-/A-2 short-term credit rating and Envision Verified sustainability recognition for its commercial apron project.

Name

Monterey Regional Airport

Legal name

Monterey Regional Airport

Website

https://montereyairport.com

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

11–50 employees

Short description

Monterey Regional Airport (MRY) is a non-hub commercial airport operated by the Monterey Peninsula Airport District, serving 659,867 annual passengers (2025 record) across five major carriers to roughly eleven domestic destinations. It is mid-way through a $200M federally funded terminal and safety transformation opening in 2027.

Ownership category

akta.pro rank

Product category

Regional Airport Operations

NAICS

Airport Operations (48811), Other Airport Operations (488119)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access) (BPAIALAE)

akta.pro secondary industries

Airport Food & Beverage Concessions (THABALAD), Airport Car Rental (On-Airport Concessions) (THADAAAA)

Keywords

• Regional airport services
• Commercial flight operations
• Airport parking services
• Aviation infrastructure
• Passenger terminal services

Headquarters

HQ city

Monterey

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Landing Fees: Fees charged to airlines for each landing at the airport, contributing to operational funding.
2. Parking Operations: Parking facilities management generating revenue from Long Term, Short Term, and Short Term Premium lots. Daily rates range from $20-$34 depending on lot.
3. Concession Revenue: Revenue from dining, retail, and other concessions within the terminal building.
4. Tenant Rents: Rents collected from airlines, rental car companies, and other airport tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

Monterey Regional Airport operates a non-hub commercial service airport providing scheduled regional passenger air service via five airline partners, on-site parking across three lots operated by Reimagined Parking, ground transportation connections, terminal dining and concessions, TSA PreCheck, free Wi-Fi, EV charging, and ancillary passenger amenities. The airport generates revenue from landing fees charged to airlines, tenant rents from concessionaires and rental car companies, public parking fees, and concession revenue, while managing a federally mandated safety enhancement transformation program including a replacement passenger terminal.

Product overview

Monterey Regional Airport (MRY) is a non-hub commercial service airport serving over 650,000 passengers annually. The airport offers a portfolio of passenger-facing services including scheduled commercial flight operations across Alaska Airlines, Allegiant Air, American Airlines, United Airlines, and JSX Airlines to approximately 11 domestic destinations (with seasonal variations), supported by on-site parking, ground transportation, dining, and accessibility amenities. The airport also operates Art at the Airport, a rotating exhibition program showcasing local and youth art. MRY is currently undergoing a major capital transformation — the MRY Metamorphosis Safety Enhancement Program — a multiphase federally required project that includes general aviation apron improvements, ARFF facility replacement, commercial apron reconstruction, Taxiway A relocation, and construction of a new 62,000–63,000 square foot replacement passenger terminal (designed by HOK, zero-net-energy-ready, five gates with jet bridges) scheduled to open in early summer 2027. Supporting programs include the annual Holiday Military Lounge and the MRY mobile app.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Flight Operations Scheduled commercial airline passenger service operating 40+ daily flights across Alaska Airlines, Allegiant Air, American Airlines, United Airlines, and JSX to approximately 11 domestic destinations including San Diego, Seattle, Denver, Dallas-Fort Worth, Phoenix, San Francisco, Los Angeles, Las Vegas, Burbank (seasonal), Orange County (seasonal), and Chicago (seasonal). Available for individual leisure and business travelers and government/military personnel.
• Airport Parking Services Three parking options operated by Reimagined Parking for departing and arriving passengers: Long Term (free first 10 minutes, $1.00/hour for first 3 hours, $20.00/day after), Short Term ($2.00 per half hour, $32.00 daily maximum), and Short Term Premium (free first 30 minutes, $3.00 per half hour, $34.00 daily maximum). EV charging stations and accessible parking available.
• Car Rental Services Multiple rental car companies operate out of the MRY terminal near baggage claim during airport operating hours, providing vehicle rentals for arriving passengers to reach regional destinations.
• Ground Transportation Connections Rideshare, taxi, and bus options available for arriving and departing passengers to reach their final destinations, including dedicated curbside spaces for taxis, rideshares, and shuttles with maximum 3-minute wait for curbside pickup.
• Terminal Dining and Shopping On-site restaurant Woody's at the Airport Restaurant and Bar (an award-winning locals' favorite), plus post-security concession options and Starbucks nearby, providing dining and shopping for terminal visitors and passengers.
• TSA PreCheck Screening Dedicated TSA PreCheck lane to expedite enrolled passengers through security screening, supporting time-conscious business and leisure travelers.
• Free Terminal Wi-Fi Complimentary wireless internet access throughout the terminal building via the 'MRY Guest' network for passengers and visitors.
• Post-Security Outdoor Courtyard Post-security open-air courtyard at Gate 1 where passengers can enjoy ocean breezes and views of Monterey Bay while waiting to board flights.
• Public Observation Deck Public observation deck offering views of the airfield and runway, allowing visitors and aviation enthusiasts to watch aircraft departures and arrivals.
• EV Charging Stations Four ChargePoint electric vehicle charging stations located in the Short Term parking lot, accessible 24/7 for electric vehicle-driving passengers and visitors.
• Accessibility Services Resources and assistance for passengers with disabilities or mobility difficulties, including accessible parking, elevator access, designated spaces throughout the terminal, and ADA-compliant facilities.
• Pet Relief Areas Designated pet relief areas in the Short Term Premium parking lot and in the post-security Outdoor Courtyard for passengers traveling with animals.
• Lost and Found Service Staff assistance for passengers and visitors recovering items lost within the airport's public areas; items left on aircraft are handled by the respective airline.
• Holiday Military Lounge Annual complimentary lounge available to active-duty military and their travel companions during the December holiday period, providing free meals, snacks, beverages, seating, and WiFi in the Administration Office.

Quantifiable outcome

• Record 659,867 passengers served in 2025, a 6.3% increase over 2024
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

17 partnerships are on record, tiered core, exploratory and minor.

• Pacific Grove Museum of Natural HistorycoreStrategic or Co-development Partner · 24 March 2026Art at the Airport program partnership featuring regional artist interpretations of local landscapes and wildlife through rotating exhibitions. Over 650,000 annual passengers view these exhibits.
• See MontereycoreGTM or Marketing Partner · 23 October 2025Official tourism marketing organization for Monterey County. Jointly announced new United Airlines Chicago route and promotes travel to the region.
• Visit Carmel By-The-SeacoreGTM or Marketing Partner · 23 October 2025Local tourism organization that partnered with MPAD and See Monterey to announce United Airlines' new seasonal Chicago service.
• Federal Aviation Administration (FAA)coreOthers · 18 September 2025Primary funder through Airport Improvement Program (AIP) grants. Awarded over $168 million in grants across multiple years for safety enhancement projects and terminal construction.
• U.S. Senators Alex Padilla and Adam SchiffcoreOthers · 18 September 2025Secured $168.85 million in combined grant funding for 46 California airports through FAA Airport Improvement Program. MRY received $25.13 million specifically for replacement terminal construction.
• Joby AviationexploratoryTechnology or Integration · 15 August 2025Electric air taxi company that completed the first piloted eVTOL flight between Marina (OAR) and Monterey (MRY) airports in August 2025. MRY is positioned as a future vertiport for air taxi services.
• Hensel Phelps Construction CompanycoreImplementation/ SI/ Consulting Partner · 6 June 2025Selected as general contractor for the replacement passenger terminal construction as part of the MRY Metamorphosis Safety Enhancement Program.
• U.S. Representative Jimmy PanettacoreOthers · 23 October 2024Secured $14.2 million through the Airport Terminal Program (ATP) for terminal construction. Also secured over $37 million in total federal funding for modernization.
• Central Coast Art AssociationminorStrategic or Co-development Partner · 4 March 2024Year-long partnership featuring Mezzanine Gallery exhibit showcasing Monterey County art for over 500,000 annual passengers.
• Monterey Bay Football ClubminorGTM or Marketing Partner · 22 February 2022Sports partnership as Proud Partner of the club, receiving exposure on field boards, in-stadium assets, and through club digital platforms.
• Louie Schwartzberg / Moving ArtminorStrategic or Co-development Partner · 1 March 2018Year-long partnership with award-winning filmmaker featuring breathtaking nature imagery throughout the airport terminal.
• Reimagined ParkingcoreOthersThird-party operator managing airport parking facilities including Long Term, Short Term, and Premium lots. Contact: (831) 373-8287.
• HOKcoreImplementation/ SI/ Consulting PartnerAward-winning architecture and design firm that designed the replacement terminal building to achieve zero-net-energy-ready status.
• California Department of Motor VehiclesminorOthersPartnered with REAL ID program to prepare passengers for federal ID requirements, with DMV representatives staffing information booth.
• Otto ConstructionminorImplementation/ SI/ Consulting PartnerContracting partner involved in Safety Enhancement Program projects including ARFF facility and general aviation hangar relocations.
• Various Educational InstitutionsminorStrategic or Co-development PartnerOngoing partnerships with local schools including Chartwell School, All Saints Day School, Monterey High School, Seaside High School, Marina Vista Elementary, and John Gutierrez Middle School for Youth Art Gallery and art exhibition programs.
• Twisted Roots WineryminorOthersLocal Carmel Valley winery that donates wine for the Holiday Military Lounge program serving active-duty military travelers.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bismarck Airport: Mid-sized regional commercial airport with comparable passenger volumes, similar Small Community Air Service Development Program dependency, and FAA-funded infrastructure program.
• Redmond Municipal Airport (Roberts Field): Regional commercial service airport of comparable scale serving a tourism/leisure catchment in Central Oregon with similar carrier portfolio and growth trajectory.
• Santa Barbara Airport: Non-hub commercial service airport in California of similar scale, serving a tourism/leisure catchment (Santa Barbara / South Coast) with comparable nonstop airline portfolio and ongoing terminal modernization efforts.
• Palm Springs International Airport: Non-hub California tourism airport with comparable passenger scale (~700K+), leisure-driven demand, and seasonal route mix anchored by major US carriers.
• Eugene Airport: Mid-sized regional airport serving a leisure/business mix with similar carrier structure and FAA-funded infrastructure programs; comparable scale and grant-funded development model.
• Santa Rosa Charles M. Schulz Airport: Northern California regional airport comparable to MRY in catchment profile (wine country/leisure), runway scale, and airline mix including Alaska and United.
• Medford Rogue Valley International-Medford Airport: Non-hub commercial service airport in the Pacific Northwest of comparable scale, with similar airline mix and federally funded capital improvement programs.
• San Luis Obispo County Regional Airport: California Central Coast regional airport with similar passenger scale, leisure/Business mix, and Alaska/United/American carrier mix serving a tourism-driven catchment.

Broad incumbents

• Burbank Hollywood Airport: Larger Southern California airport, but a destination for JSX premium service from MRY; useful comp for terminal replacement and jet bridge modernization in the same region.
• San Jose International Airport: Larger Bay Area airport that competes for the same Central Coast passenger pool; relevant comp for understanding MRY's competitive positioning within Northern California air service.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/montereyairport
• Facebookfacebook.com/montereyairport
• LinkedInlinkedin.com/company/monterey-regional-airport
• Instagraminstagram.com/montereyairport

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monterey Regional Airport