(Bloomberg) -- New York City area airports are bracing for record-breaking passenger numbers in 2025 as air travel continues to surge past pre-pandemic levels, fueled by growing demand and a rebound in international travel.

The Port Authority of New York and New Jersey — the bi-state agency which runs the metro-area’s air and seaports — expects 150 million passengers to pass through its airports next year, Libby McCarthy, the agency’s chief financial officer, said at a board meeting on Thursday. 

In 2025, the agency can expect “a record year across the board in improvement in activities,” McCarthy said, speaking about airport traffic and passengers using the PATH trains, which connect Manhattan to northern New Jersey.

The anticipated surge coincides with ongoing overhaul projects at the region’s major commercial airports. Newark Liberty International Airport is undergoing a major four-decade redevelopment, including building a new international terminal. Meanwhile, JFK International Airport is undergoing a $19 billion overhaul, including a new Terminal One and expansions of Terminals 4 and 8. 

Aviation upgrades represent $16 billion of the Port Authority’s capital plan, the largest single segment, a budget presentation at the meeting said. 

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