YYZ Traffic Up 6.4% In 2015, Loss Turns To $65.9 Million Profit
Pax volumes at YYZ grew by 6.4% during 2015 over the year before and the Greater Toronto Airport Authority posted net income of $65.9 million in 2015 vs. a net loss of $59.6 million in 2014.
"Toronto Pearson served 41 million pax in 2015, showing that there is continued demand for air travel in southern Ontario. We have also seen continued growth in our role as a hub – more people are connecting through Toronto Pearson as part of their global travels," said Howard Eng, President & CEO of the GTAA.
As a global hub airport, YYZ has a network offering direct flights to 144 international and 30 Canadian cities. During 2015, passenger activity in the international sector (including U.S. transborder) increased by 7.7%, while domestic activity increased by 4.4 %.
For the 12 months ended 31DEC15 the GTAA reported total revenues of $1.2 billion, compared to $1.15 billion in 2014.