Toronto International Airport lost $96 million dollars in May, June, and July as passenger numbers plummeted during the pandemic.
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.
Toronto International Airport produced a $6.6 million net income in first three months of the year, before the COVID-19 pandemic’s full impact was felt.
The same day it announced layoffs affecting 25% of its staff, Vancouver International was named best airport in the 20-30 million passenger category.
Toronto Pearson’s new chief executive is calling on governments to support the airport of the future that include biometrics, egates, and CT scanners.
The head of the Greater Toronto Airport Authority says It will take more than a federal rent break to counteract the impact of the COVID-19.