Airport Profits Up While Passenger Volume Dips

Winnipeg Airports Authority

The recession hasn’t hurt the way the James Richardson International Airport does business. Winnipeg Airports Authority reported on Thursday a 9 percent increase in profit for the second quarter of this year. That’s up $600,000 from this time last year.

What’s more impressive is how the airport was able to capture this increase when passenger numbers were down. WAA said there was a 6.6 percent drop in passenger volume, while operating costs went up by 7.8 percent to $9.4 million.

The airport also noted that during the second quarter airport campus activity saw Greyhound Canada reach 99% completion on Winnipeg’s new bus cargo facility while Canada Post construction steadily continued.

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