Results for WAA in Third Quarter of 2019
October 30, 2019
WINNIPEG, Manitoba – October 29, 2019 – Overall revenue for the quarter remained relatively flat compared to the same period last year as passenger carriers adjusted flying to address diminished fleet capacity arising from the grounding of the 737 MAX. Travel demand within that environment remained relatively strong, as the airport welcomed 1.2 million passengers, improving average load factors for carriers by 1.7 percentage points. Cargo operations continued to grow with a 9.0 percent increase in landings and an 11.5 percent increase in gross takeoff weight for cargo aircraft compared to the third quarter of 2018.
Consolidated revenue for WAA was $36.1 million compared to $36.5 million for the same period in 2018.
“The entire aviation sector continues to feel the impact of the grounding of the 737 MAX. Manitoban’s continue to express requirements for increased connectivity to meet the demands of our well diversified economy,” said Barry Rempel, President and CEO of WAA. “Overall we were pleased to see WAA revenue reflecting that strength and to see leadership in demand for cargo capacity being responded to by our supply chain partners with larger cargo planes flying more frequently through the airport.”
The third quarter 2019 also saw progress on significant projects delivering required capacity and building our community:
- Runway 13/31 reopened in September after WAA invested $24M to rehabilitate the runway.
- The $27 million Ground Service Equipment Building continues to progress and is on track to open before the end of the year.
- Planning commenced for a new $62 million Multi-tenant Air Cargo Logistics Facility funded in part by a $30 million investment from the Federal Government under the National Trade Corridors Fund. These investments further cement Winnipeg’s reputation as a cargo leader.
- This fall employees harvested the airport garden, donating vegetables to Winnipeg Harvest and bringing the total to over 63,000 pounds contributed since 1997.
WAA is continuing to invest in response to feedback from travellers. Upgrades are underway to improve the baggage system, and airport concessions are changing with an expanded Tim Horton’s and new lounge option planned for opening before the end of the year.
Travellers will have new options for direct routes later this year as low-cost airline Swoop has added direct service to Tampa and Fort Lauderdale.
About Winnipeg Airports Authority Inc.
Winnipeg Airports Authority serves the community by leading transportation innovation and growth. As a non-share capital corporation, all net revenue is reinvested back into delivering on our mission of providing excellent airport services and facilities in a fiscally prudent manner. WAA does this through a group of companies that work together toward a common vision. WAA is proud to be recognized as one of Manitoba’s Top Employers for 2019, the eighth year in a row. Learn more at www.WAA.ca/about
Vice President, Communications and Government Relations
Winnipeg Airports Authority Inc.
24 Hour Media Line: 204.992.2791
Connect with us on Twitter @YWGairport