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NAV CANADA: Traffic falls 6% in 2009

19-Nov-2009

The struggling North American aviation market has seen Canadian Air Navigation Services Provider, NAV CANADA, revenues cut by 5.3% over FY2008/2009. Despite the downturn in traffic and the effect on revenue NAV CANADA has maintained its rates and charges over the year, dipping into its ‘Rate Stabilisation Account’ to avoid adding more burdens to airlines already struggling with falling passenger traffic and yields. [740 words]

Unlock the following content in this report:

Subheadings:

  • Operating costs cut back
  • Loss for the full year
  • Outlook: Revenue to fall, costs to rise again

Graphs and data:

  • NAV CANADA traffic (by weighted charging units): FY2008/2009
  • NAV CANADA FY2008/2009 vs FY2007/2008 revenue breakdown (CAD million)
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