Canadian travellers are facing increased airport fees after the pandemic grounded revenues and led to more debt for airports across the country.
COVID-19 disrupted the airport sector’s “relatively stable” and resilient business model, as Canadian airports have added around $3.2 billion in combined debt, DBRS Morningstar said in an analysis note on Monday.
The latter only benefited from “modest” support, such as Transport Canada’s Airport Critical Infrastructure Program, launched in May 2021, which provides $571.2 million over five years. During the pandemic, Toronto Pearson International Airport twice increased its airport improvement fee by $5 to $35 for departing passengers. That followed losses of $383 million and $350 million in 2020 and 2021, respectively.
Airports’ operating costs and capital expenditures are also on the rise due to inflation, per the agency. Tariff increases have become “necessary” as airports look to restart capital projects at higher costs after many were paused during the pandemic.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Canadian Press newscaster Geri Smith, on air for nearly 35 years, dead at 60 | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Lire la suite »
Canadian Press newscaster Geri Smith, an on-air presence for nearly 35 years, dead at 60Smith’s voice became familiar to listeners across the country during her career with the national wire service
Lire la suite »
Canadian Press newscaster Geri Smith, on air for nearly 35 years, dead at 60Geraldine “Geri” Smith, a long-time Canadian Press newscaster whose voice became familiar to listeners across the country during her nearly 35 years with the national wire service, has died. She was 60.
Lire la suite »
Canadian Press newscaster Geri Smith, on air for nearly 35 years, dead at 60Geraldine 'Geri' Smith, a long-time Canadian Press newscaster whose voice became familiar to listeners across the country during her nearly 35 years with the national wire service, has died. She was 60.
Lire la suite »
Canadian rover helping in global search for frozen water on dark side of the moonThe Canadian lunar rover could soon help reveal the moon's dark side. The country's first moon rover is set to put the Canadian Space Agency at the forefront of space exploration, helping in the global search for frozen water on the celestial body.
Lire la suite »
Canadian freestyle skier Brendan MacKay crowned halfpipe world championBrendan MacKay's gold-medal performance in the men's halfpipe highlighted a three-medal day for Canada at the world freestyle skiing championships on Saturday.
Lire la suite »