First quarter results for the James Armstrong Richardson International Airport were released on Wednesday and passenger traffic took a dip.
From January to March 31, approximately 878,055 passengers travelled through the air terminal building, representing a 3.3% decrease over the same period in 2008, the first such drop since 2001. Between the recession and now the swine flu, it’s a tough biz.
Development surrounding the airport during the quarter included ongoing construction of the New Air Terminal Building, Canada Post, Greyhound Canada and expansion of the existing Four Points by Sheraton.
Revenues were up 4% over the same period in 2008, sitting at 21 million for the first quarter. The increase is being attributed to the boost in the number of people taking advantage of seasonal charter flights to sun destinations as well as increased activities in subsidiaries.
Additional nitty gritty figures
- Cargo revenues up by 24.5%
- Operating costs were up 4.1% to sit at $10.1 million
- Earnings were up 4% (before interest, taxes, depreciation and amortization) to sit at $10.9 million
- Net income was $8.8 million for the quarter (2008 – $7.3 million)
The Winnipeg Airports Authority released the data.
Image credit: WAA.ca
