11.4% growth in commercial revenues

The aeronautical fees we charge to airlines flying in and out of Toronto Pearson have either been held constant or lowered for 11 consecutive years. Our carriers have been able to reduce the average cost per enplaned passenger, benefitting from the overall growth in passenger traffic, as well as our successful efforts to increase commercial revenues while managing operating costs and capital expenditures.

In 2018, we advised carriers that Toronto Pearson’s aeronautical rates and charges would once again remain unchanged in 2019. The Airport Improvement Fee – collected by carriers from their passengers and invested by the GTAA in capital programs (including associated debt service) to further enhance Toronto Pearson – has likewise been held constant or lowered for the past nine years.

The GTAA’s continued strong financial performance enables us to pursue new initiatives that will further improve both the passenger experience and services to carriers – while reinforcing Toronto Pearson’s commitment to safety and security, employee engagement and corporate responsibility. At the same time, we’re advancing our long-term goals for financial sustainability by increasing net income and reducing debt per enplaned passenger.