YQB Reveals Record Pax Traffic, Increased Airlift In 2018
Anna Kroupina, Open Jaw
YQB’s 2018 annual report has revealed an historic increase in passenger traffic and a healthy financial situation.
Last year, Québec City Jean Lesage International Airport saw a 6.2% increase in traffic to a new record of 1.775 million passengers, 104,000 more than in 2017.
Throughout 2018, several airlines increased flying from YQB. Some highlights include:
WestJet added YYC as a new destination, as well as increased flights to YYZ.
American Airlines doubled its capacity on flights to the U.S., in particular by increasing service to Philadelphia. In 2019, AA plans add new summer service to ORD.
Air Canada Rouge began operating between the popular Québec-Montréal and Québec-Toronto corridors.
Air Transat added new destinations at YQB and increased the frequency of summer flights to YUL.
Sunwing added PVR and MIA.
Earlier this year, YQB signed an agreement with the new LCC Canada Jetlines Ltd., which intends to provide service from YQB once it launches.
"I have been working to develop our airport and our region for more than two decades. I am proud to note that passenger travel at YQB has increased from 643,000 passengers in 2001 to 1.775 million passengers in 2018,” says Gaëtan Gagné, President and CEO of YQB. “The fact that passenger numbers have practically tripled over this period is not down to chance, but the result of an orchestrated plan with a clear emphasis on putting the passenger first."
As passenger traffic and airline service continues to grow, YQB is nearing the end of the largest infrastructure expansion project in its history – a $500 million terminal expansion that boasts four new gates, an expanded restaurant area and more baggage carousels.
The airport ended 2018 with an overall net income of $11.1 million, after posting revenues of $68.2 million and operating expenditure of $57 million. Earnings before interest, tax, depreciation and amortization (EBITDA) were $27.7 million. All profits will be reinvested to increase the range of services for passengers and limit the use of debt.
Anna Kroupina Journalist
Anna is OJ's newest member and she joins the team as a writer/reporter. She co-writes the daily news and covers events. Although she's new to the industry, pursuing a career path in travel/tourism has been a goal since her first family road trip to the Florida Keys sparked a desire to discover the world and this exhilarating, fast-paced industry.