Startup's “personal information system that’s disguised as a note-taking app” attracts high-profile investors who include former Shopify executives as well as VPs at Apple and LinkedIn.
It will take “several years” for the pandemic-battered Ottawa airport to restore its full complement of pre-COVID routes and get delayed infrastructure projects back on track, officials said this week after the facility presented a 2020 financial summary that was awash in red ink.
Ottawa International Airport Authority CEO Mark Laroche didn’t sugar-coat the impact of the pandemic on the facility’s bottom line during the airport’s annual general meeting on Thursday.
“We knew the impact (of COVID-19) would be devastating,” Laroche said. “What we could not have predicted was the magnitude.”
Noting total passenger volumes plummeted nearly 75 per cent compared with 2019, Laroche said the airport racked up a net loss of $51.2 million last year after posting a surplus of $5.1 million the previous year.
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