The downturn in air travel at Toronto Pearson as a result of the COVID-19 pandemic has significantly reduced the Greater Toronto Airports Authority’s (GTAA) revenues, comprising aeronautical and commercial revenues, as well as its airport improvement fee (AIF).
The GTAA has already taken significant steps to reduce and prioritize operating and capital expenditures, as well as reducing its workforce by 27 percent. At the same time, the GTAA has invested to meet changing demands for a healthy, touchless airport journey for passengers, and will continue to invest in order to position itself at the forefront of airport hygiene, creating a travel experience that is designed to restore passenger confidence.
In order to continue delivering on passenger requirements for a healthy airport environment, and to support continued strong financial liquidity, the GTAA is announcing the following changes to aeronautical rates and the AIF, effective January 1, 2021:
- Aeronautical rates for commercial aviation will increase by 3%.
- The AIF for departing passengers will increase by $5 to $30.
- The AIF for connecting passengers will increase by $2 to $6.
- Aeronautical rates for all business and general aviation aircraft 19,000kg or less will increase to $575 per arrival.
Commercial aeronautical rates and the AIF have not increased at Toronto Pearson for 13 and 11 years, respectively during a period of strong growth at the airport.
“The impact of the pandemic on Toronto Pearson’s business and Canada’s aviation sector has been nothing short of devastating,” said Deborah Flint, President and CEO, GTAA. “These changes to aeronautical rates and the AIF follow more than a decade during which there were no increases to commercial aeronautical rates or the AIF at Toronto Pearson. Today’s announcement will position the GTAA fiscally for continued investments in healthy travel and industry recovery.”