Less traffic, more cash PASSENGER traffic at Winnipegs Richardson International Airport was down slightly in the fourth quarter of 2013 but revenue and earnings were up. The Winnipeg Airports Authority, the non-share capital corporation responsible for the management and operation of the airport, reported passenger counts were off by 0.24 per cent during the last three months of the year. But revenue was up 11.5 per cent to $23.3 million and earnings before interest, depreciation and taxes were also up 11.5 per cent to $10.7 million compared to the same period in 2012. As the quarter ended, we were pleased to see the carriers adding capacity back into our market, said Barry Rempel, president and CEO of the WAA. The availability of seats in key markets helps stimulate traffic and meet customer expectations for connectivity with Winnipeg. During the quarter, Sunwing added 32 per cent more seats and 19 additional flights in the fourth quarter and Air Canada added 6.4 per cent more seats from an extra flight per day to Vancouver that started in December, as well as using larger planes on routes to Montreal and Calgary.
Posted on: Wed, 29 Jan 2014 15:20:51 +0000
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