04-May-2018 2:57 PM
Canada's Airports: A $48 Billion Economic Footprint
Direct News Source
A new economic impact study released by the Canadian Airports Council (CAC) shows that Canada's airports provide 194,000 direct jobs, $19 billion to the national GDP and $48 billion in direct economic activity. They also provide municipal, provincial and federal governments $6.9 billion in tax revenues each year.
"The economic contribution of Canada's airports reinforces the importance of our industry to the economy," said Daniel-Robert Gooch, president of the CAC. "Canada's airports are essential to Canada's transportation network and an important facilitator of economic development. The connectivity provided by Canada's airports helps to attract tourists, facilitates trade and investment, and contributes to the growth of the economy."
| Impact | Employment | Wages | GDP | Output |
| Direct | 194,000 | $13 Billion | $19 Billion | $48 Billion |
| Indirect | 99,000 | $6 Billion | $10 Billion | $20 Billion |
| Induced | 62,000 | $3 Billion | $6 Billion | $11 Billion |
| Total | 355,000 | $22 Billion | $35 Billion | $79 Billion |
While Canada's airports significantly contribute to employment and economic development in the country, air passenger traffic has reached record levels. The number of travellers grew from 66 million in 1988 to more than 140 million in 2016. Over the next 10 years, traffic is projected to increase by another 50 per cent or an additional 75 million passengers.
This press release was sourced from CAC on 03-May-2018.