WINNIPEG, Jan. 24, 2012 /CNW/ - Fourth quarter passenger traffic at
Winnipeg James Armstrong Richardson International Airport increased by
3.6 % 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.
Winnipeg Airports Authority serves our region by providing value to our
customers and community. A source of pride for our community, we strive
to be a leader in its growth and development.
SOURCE Winnipeg Airports Authority Inc.
For further information:
Director, Communications & Public Affairs
Winnipeg Airports Authority Inc
24 Hour Media Line: 204.992.2791
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