(Montreal) The travel craze helped Montreal-Trudeau regain about 80% of its pre-pandemic passenger volume in the second quarter, which coincided with the appearance of lines that seemed interminable a everywhere in the airports.
Posted at 3:11 p.m.
Updated at 3:30 p.m.
According to Aéroports de Montréal (ADM), Montréal-Trudeau welcomed four million passengers from April to June, where the recovery was marked on the side of international travelers.
“This dazzling increase, combined with a well-known major labor shortage, generated its share of challenges during the month of June, underlined the president and CEO of the non-profit organization, Philippe Rainville, in a press release. ADM remains optimistic […] to return to a certain balance in the coming weeks. »
Thanks to the return of travellers, the manager of the Montréal-Trudeau and Mirabel airports more than doubled its revenues, which stood at 158 million, compared to the second quarter of 2021. Its adjusted operating profit stood at 82 million. In the second quarter of 2021, ADM’s operating loss was $700,000.
Since the start of the year, Montréal-Trudeau has regained 64% of pre-pandemic passenger traffic. Its turnover reached 261 million at June 30 and its operating profit was 117 million.
Strong increases
International traffic increased by 1050%, cross-border (United States) by 1395% and domestic by 433.5% compared to the second quarter of 2021.
For the first six months of 2022, traffic stood at 6.2 million passengers, up 584% versus 2021.
Consolidated revenues amounted to 158.1 million for the second quarter of 2022, an increase of 113.9 million or 257.4% compared to the corresponding period of 2021.
Operating expenses for the quarter were $48.9 million, a jump of $16.8 million or 52.4% from a year ago.
Quarterly EBITDA was $81.9 million, compared to negative EBITDA of $700,000 for the same period last year.
Capital investments reached 40.2 million during the second quarter of 2022, compared to 12.5 million for the corresponding period of 2021.
ADM’s net debt as of June 30, 2022 remained stable at $2.45 billion, compared to December 31, 2021.
The Canadian Press