Greater Toronto Airport Authority fights losses with airline stimulus package
Greater Toronto Airport Authority (GTAA), the not-for-profit organisation that is the operator of Toronto Pearson International Airport, the largest airport in Canada and one of the largest airports in North America in terms of passenger and air cargo traffic, has published its financial reports for the three and six month periods ending 30-Jun-09. EBITDA is in decline after a small increase in the last quarter of 2008. Conscious of its high charges the Authority has introduced a ‘stimulus package’ that rewards airlines for new routes or capacity increases. Meanwhile the nature of the competition Pearson airport faces is subtly changing.
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