Winnipeg Airport Authority boosts improved Q4
Jan. 24, 2012, Winnipeg - Fourth quarter passenger traffic at Winnipeg James Armstrong Richardson International Airport increased by 3.6 per cent over the same period last year.
"The opening of our community's new front door has been well received and we are pleased to see passenger traffic growth strengthen as the year progressed," said Barry Rempel, President and CEO of Winnipeg Airports Authority. "The new terminal combined with the ongoing expansion of the airport campus is a key enabler of economic development for our region."
Non consolidated revenues were $20.3 million for the fourth quarter, compared to $17.8 million for the same period in 2010. Operating costs, net of amortization, were $11.9 million for the quarter, as compared to $7.9 million for the previous year. Cash flow generated from operations continues to be positive at $1.0 million for the quarter (2010 – $8.9 million).
Winnipeg Airports Authority is a non-share capital corporation responsible for the management and operation of Winnipeg James Armstrong Richardson International Airport and affiliate businesses. All net income is reinvested by WAA back into the community, primarily through airport development projects. WAA is self sufficient with taxpayers not directly involved in financing airport site redevelopment which is being paid through Airport Improvement Fees.