Montreal airport estimates $300 million loss for 2020, raises fees amid budget crunch
A passenger makes her way through Montreal Trudeau Airport in Montreal on January 7, 2021. Montreal s airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide. The airport authority also announced that it will seek leniency from its creditors to satisfy certain requirements for its bond agreements in 2021 and 2022. THE CANADIAN PRESS/Paul Chiasson February 04, 2021 - 9:41 AM
Montreal s airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide.
Montreal airport estimates $300 million loss for 2020, raises fees amid budget crunch
by The Canadian Press
Last Updated Feb 4, 2021 at 12:44 pm EDT
Montreal’s airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide.
The airport authority is also announcing that it will seek leniency from its creditors to satisfy certain requirements for its bond agreements in 2021 and 2022.
ADM Aeroports de Montreal has already raised its fees for this year in an effort to ensure its operations can continue, it said in a news release.
Airport improvement fees, which the agency charges to departing passengers at Montreal-Pierre Elliott Trudeau International Airport, rose to $35 from $30 on Feb. 1.
Winnipeg Free Press By: The Canadian Press
Montreal s airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide.
A passenger makes her way through Montreal Trudeau Airport in Montreal on January 7, 2021. Montreal s airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide. The airport authority also announced that it will seek leniency from its creditors to satisfy certain requirements for its bond agreements in 2021 and 2022. THE CANADIAN PRESS/Paul Chiasson
Montreal s airport authority estimates that it will have a shortfall of $300 million for 2020, as low travel demand takes a financial toll on airports nationwide.
For the second time in a week, Prime Minister Justin Trudeau has warned Canadians not to travel.
At a press conference on Friday, Trudeau said no one should be planning an international trip and warned that his government might implement new measures without notice.
“We could be bringing in new measures that significantly impede your ability to return to Canada at any given moment, without warning,” Trudeau said.
The prime minister said he and the country’s premiers had discussed a “number of different options” that could be imposed to further limit travel and keep Canadians safe.
Trudeau said more information on the potential restrictions would be provided in the coming days but did hint at the possibility of quarantine hotels.