First built as a United States Army Air Forces airfield during World War II, it is one of the main airports serving the Alaska Peninsula.

For the 12-month period ending October 30, 2017, the airport had 9,090 aircraft operations, an average of 25 per day: 63% air taxi, 30% scheduled commercial, 5% military, and 2% general aviation.

During the 1970s and 1980s, Reeve was operating nonstop flights to Anchorage (ANC) with Lockheed L-188 Electra and NAMC YS-11 turboprop aircraft.

[13] Reeve was also operating Electra propjet service nonstop to Seattle (SEA) on a three flights per week schedule in 1979.

[14] By 1989, the airline had introduced nonstop jet service to Anchorage operated with Boeing 727-100 combi aircraft which were capable of transporting both passengers and freight on the main deck of the aircraft in addition to continuing to operate nonstop Electra service to Anchorage as well.