GTAA reveals 2021 financial and passenger figures
“While COVID-19 continues to have a dramatic impact on passenger traffic and revenues at Toronto Pearson, particularly where full year statistics are concerned, fourth quarter numbers provide a glimmer of hope,” said Deborah Flint, President and CEO of GTAA. “Toronto Pearson International Airport (YYZ) sits at the heart of the second-largest employment zone in the country and pre-pandemic, the airport facilitated $42billion of Ontario’s GDP. As travel restrictions ease and with the right government policy environment, Toronto Pearson is poised to build back smarter, healthier and more profitable, and in turn help to drive a strong recovery for Ontario and Canada.”
During the fourth quarter of 2021, passenger activity increased when compared to the same period of 2020, although the number of passenger and flight activity remains significantly lower, when compared to the same period in 2019. During 2021, passenger activity through Toronto Pearson and resultant revenues were slightly lower, as compared to 2020, due to regular operations in the first quarter of 2020 not being materially impacted by the pandemic and offset by an improvement in operations in the second half of 2021 over the same period of 2020.
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