Winnipeg Richardson International Airport reports USD10.2m EBITDA in 1Q2014
Canada's Winnipeg Richardson International Airport reported (23-Apr-2014) a 12.8% year-on-year increase in revenue to CAD25.5 million (USD23.1 million) in 1Q2014 while EBITDA reached CAD11.2 million (USD10.2 million). Passenger numbers at the airport increased 1.1% during the quarter. Commenting on the results, Winnipeg Airports Authority president and CEO Barry Rempel said: As the quarter ended, we were pleased to note incremental increases in our region's passenger traffic volume. Winnipeg Richardson International Airport was a hub of activity this quarter as some of our carriers expanded service options, our passengers took advantage of routes offering an escape from a record breaking cold winter, and Olympic and Paralympic athletes returned home to our airport with numerous medals." [more - original PR]
"As the quarter ended, we were pleased to note incremental increases in our region's passenger traffic volume," said Barry Rempel, President and CEO of Winnipeg Airports Authority. "Winnipeg Richardson International Airport was a hub of activity this quarter as some of our carriers expanded service options, our passengers took advantage of routes offering an escape from a record breaking cold winter, and Olympic and Paralympic athletes returned home to our airport with numerous medals."
WestJet Encore entered the Winnipeg market this quarter, launching daily non-stop service between Winnipeg and Regina, and Winnipeg and Saskatoon with their new fleet of Bombardier Q400 NextGen aircraft. Sunwing also added Freeport, Bahamas to their list of direct destinations from Winnipeg.
This quarter also heralded the grand opening of our newest airport campus tenant, The Grand Winnipeg Airport Hotel, offering our customers a one-of-a-kind boutique hotel, with fantastic amenities and services for its guests.
Winnipeg Richardson International Airport took the role as the front door to the community to a new level this quarter, by working with many local organizations to help welcome home our Olympic and Paralympic Gold medalists, and by providing a warm reception for music industry professionals arriving in Winnipeg for the 2014 Juno Awards. Our Goldwing Ambassadors also reached a new impressive benchmark by officially logging over 200,000 volunteer hours since the program was launched in 1997.
Winnipeg Airports Authority is responsible for the management and operation of Winnipeg Richardson International Airport, a full-service airport providing passengers and cargo clients access to markets across Canada, the United States, Mexico and the world.
Located at the geographic centre of North America, with round-the-clock operations, Winnipeg Richardson International Airport is the number one dedicated freighter airport in Canada as measured by the number of flights. The airport generates over $3.6 billion in total economic output and welcomes over 3.5 million passengers annually.
- See more at: http://www.waa.ca/media/news/read,article/685/winnipeg-airports-authority-inc-2014-first-quarter-results-unaudited#sthash.n1cGNGRl.dpuf