Passenger traffic at Winnipeg’s James Richardson International Airport was down 2.1% in the third quarter compared to last year.
Revenue increased slightly from $22.2 million to $24.4 million, the Winnipeg Airports Authority revealed in its third quarter results.
“As air carriers restructure schedules in preparation for new aircraft arrivals in 2014, the impact on our market is to temporarily reduce travel options for passengers in some of our key markets,” said Barry Rempel, President and CEO of the WAA. “Capacity decreases limit growth, increase travel costs and result in passengers choosing to travel less frequently.”
Earnings before interest and taxes were $4.4 million, compared to $4.5 million for the same period in 2012. Cash generated from operations, before changes in non-cash working capital, was positive at $12.1 million for the third quarter of 2013 compared to $13.0 million in 2012.