Canadian airport operator The Greater Toronto Airports Authority reported total revenues of CND 273.4m for the three months ended June 30, 2013 for a CND 4.7m decrease from the same period in 2012.
The decrease was due to the implementation of lower aeronautical fees on January 1, 2013, GTAA said.
For the six-month period ended June 30, 2013, the GTAA reported total revenues of CND 540.9m a CND 16.7m reduction from the same period in 2012. The decrease in revenues in 2013, as compared to 2012, was primarily attributable to the reduction in overall aeronautical fees implemented on January 1, 2013.
In 2013 the GTAA reduced overall aeronautical fees by approximately 10% from 2012 levels when measured as the average air carrier cost per enplaned passenger. The decrease is part of a three-year rate strategy of reducing aeronautical rates in 2013 and holding them at that level in 2014 and 2015.
This will make aeronautical rates at Toronto Pearson more competitive and provide air carriers with rate certainty to facilitate their longer-term planning of air services offered at Toronto Pearson, the authority said. The rate strategy is part of the GTAA´s overall strategic objective to position Toronto Pearson as North America´s premier gateway airport.
Total operating expenses were CND 355.6m, a CND 15.5 m increase when compared to the first half of 2012. Earnings before interest and financing costs were CND 185.3m for the six-month period. After accounting for interest and financing costs, the GTAA recorded net loss of CND 9.2m for the six months ended June 30, 2013, compared to net income of CND 10.5m in the comparable 2012 period.
The GTAA is the operator of Toronto Pearson International Airport, the largest airport in Canada, the second largest airport in North America in terms of international traffic (international and transborder) and one of the largest airports in North America in terms of total passenger and air cargo traffic.
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