Montreal Airports spent $91 million more than it made in the second quarter, reflecting the depths of the global pandemic.
Montreal Airports see revenues plummet in second quarter
Toronto International cuts 512 jobs
Toronto’s Pearson International announced Tuesday 500 positions would be cut from its workforce, the largest Canadian airport to announce reductions due to the pandemic.
Calgary International expects to pile on a quarter billion in debt to ride out the pandemic
“We need tailored government help to ensure the long-term viability of the airport Calgarians and Albertans rely on for the safe and secure passage of people and goods,” – YYC President and CEO Bob Sartor.
Canada’s airports racked up $15 billion in debt. Then the pandemic hit.
After decades of construction, refurbishment, and renovation, Canada’s airports racked up $15 billion in debt. Then the pandemic all but wiped out their income. What now?
Victoria International projects $11 million cash loss this year due to COVID
The pandemic has hit Victoria, a city famed for its beauty and charm on Vancouver Island, particularly hard. Traffic in April and May was down 98%. Passenger numbers recovered somewhat in June and that trend has continued into the summer.
Before the pandemic, Canadian airports were very profitable in 2019
Our second annual review of airport finances shows that despite the grounding of the Boeing 737 Max for most of the year, airports earned $328 million in 2019 It seems a lifetime […]
Golden Airport’s future up in the air
Residents of Golden, British Columbia will meet tonight in a virtual town hall to voice their opinions on a looming decision that could have far-reaching ramifications for the future of aviation in small communities.
Montreal says collapse is “much bleaker” than forecast
Montreal-Trudeau International warns a multi-billion dollar rail project linking the airport to the rest of the city is at risk without government loans.