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Winnipeg Airports Authority Inc. 2018 First Quarter Results (Unaudited)

WINNIPEG, Manitoba – April 27, 2018 – 2018 started with another strong quarter for Winnipeg Airports Authority (WAA).

Passenger traffic increased by 2.94% percent compared to the first quarter of 2017. Consolidated revenue was $34.1 million for the first quarter, compared to $31.4 million for the same period in 2017. Earnings before interest, depreciation and taxes were $17.3 million, compared to $15.3 million for the same period in 2017.

“The strong start to 2018 is further evidence that our plan is working,” said Barry Rempel, President and CEO of Winnipeg Airports Authority. “We will continue to work with our partners to lead transportation innovation and growth, in a fiscally responsible manner.”

Winnipeg Airports Authority also saw an increase in cargo landings in the first quarter of 2018. Already Canada’s busiest airport for cargo freighter flights, Winnipeg Richardson International Airport continues to work with partners to strengthen Winnipeg’s position as a cargo hub.

“Through strong partnerships and maximizing Winnipeg’s strategic location, we are making the airport a transportation and logistics hub that will continue to drive Manitoba’s economy. Air cargo is critical for Manitoba’s key economic sectors, such as aerospace and e-commerce, and we are delivering quick access for business and for consumers” said Rempel.

Already in 2018, two new retail options have opened inside the terminal: The Scoreboard, a sports apparel store with a local focus, and Prairie News, offering books, magazines and various concession items. Renovations are continuing throughout the next few months to transform retail offerings in response to feedback from travellers. These include the addition of Lolë, a Canadian-owned women’s sports apparel outlet.

About Winnipeg Airports Authority Inc.
Winnipeg Airports Authority Inc. is a non-share capital corporation responsible for the management and operation of Winnipeg Richardson International Airport, the Iqaluit International Airport and other affiliated businesses. An array of cargo and passenger services, a regional economic impact of more than $3.4 billion and an unwavering dedication to our community symbolize our commitment to lead transport innovation and growth. Learn more at WAA.ca/About.

FURTHER INFORMATION:
Tyler MacAfee
Director, Corporate Communications & Public Affairs
Winnipeg Airports Authority Inc.
Phone: 204.981.8420. 24 Hour Media Line: 204.992.2791 

CATEGORY: WAA

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