The Greater Toronto Airports Authority (GTAA) reports that its concession and rental revenues increased from $165.5m in 2012 to $171.5m in 2013.
This includes an increase in concession revenues of $5.4m when compared to 2012 that is attributable to the increase in passenger volumes during 2013 driving higher concession sales, as well as the introduction of new retail, food and beverage and advertising initiatives. In addition, there was an increase of $0.6m in rental revenues when compared to 2012.
Rental revenues also include counter fees and check-in fees, which were generally unchanged from 2012. “The recovery in aviation activity and the improving financial results of the GTAA that began in 2010 have continued throughout 2013,” says the authority.
“However, there continues to be some risk for the air travel industry due to, among other things, the uneven global economic outlook, higher oil prices and currency fluctuations.”
Passenger traffic at Toronto Pearson Airport.
‘GTAA ANTICIPATES GROWTH IN 2014’
The GTAA says it is cautiously optimistic about future growth in airport activity and it anticipates moderate growth in 2014. The GTAA also remains focused on activities designed to continue to reduce costs, grow non‐aeronautical revenues by offering products and services which passengers value, and work with air carriers to expand capacity on existing routes and attract new air service.
Total passenger traffic at the Airport in 2013 was 36.1 million passengers, an increase of 3.4 per cent from the 2012 level of 34.9 million passengers.
Passenger traffic at the airport is generally categorised as belonging to one of three sectors: domestic, or passengers travelling within Canada; transborder, or passengers travelling between Canada and the United States; and international, or passengers travelling between Canada and destinations outside Canada and the United States.
Domestic passenger traffic in 2013 was 14.4m passengers, representing an increase of 5.4% from the 2012 level. Transborder traffic was 9.8m passengers, a 4% increase from 2012, and international passengers was 11.9m, a 0.7% increase from 2012.
Revenues at Toronto Pearson International Airport.