ADM Aéroports de Montréal is increasing the airport improvement fees (AIF) charged to departing passengers at YUL from $30 to $35, effective 01FEB, 2021.
According to ADM, the increase is necessary as the airport faces "a significant decrease" in passenger traffic and associated revenues. The AIF is used to fund infrastructure projects at YUL. The fee increase is expected to generate additional revenues of $20 million in 2021.
"While a major budget rationalization exercise has reduced our capital budget to the strict minimum for the coming years, significant amounts have had to and will continue to be made available annually to ensure that our airport site complies with current safety and security regulations and requirements," said Philippe Rainville, President and CEO of ADM Aéroports de Montréal.
"ADM has a duty to ensure that its facilities are upgraded and we will never compromise on this. In the current context, we have no choice but to proceed with this $5 increase, which will partially offset the substantial cash shortfall that will be created by this crisis."
ADM says YUL is seeing a 71% decrease in passenger traffic for the current year compared with 2019. The airport authority anticipates a decrease of at least 50% for 2021.
According to ADM, the last AIF increase at YUL was in APR 2018 and came after an eight-year freeze on fees.
Earlier this month, the Greater Toronto Airports Authority increased the AIF at YYZ by $5 to $30.10, starting 01JAN, 2021.
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.