Winnipeg Airports Authority turned a profit in 2023: report
The Winnipeg Airports Authority (WAA) officially turned a profit in 2023 – the first time since the start of the pandemic.
According to the organization’s 2023 Financial Report, it ended the year with a net income of $14.9 million - a big improvement over the $5.5 million loss noted in 2022.
WAA said the positive development is a result of “stronger revenue growth despite an increase in operating expenses, driven by persistent inflation and the additional impact on key contract renewals.”
WAA also experienced significant growth in the domestic sector and said summertime was particularly notable.
Last year, Winnipeg Richardson International Airport welcomed around 4.1 million passengers, which is a 35 per cent increase from 2022, and around 91 per cent of its 2019 numbers.
Revenue for the year also ended on a positive note with $163.9 million, which is a $32.1 million increase from 2022.
“The change is attributed to an overall increase in capacity as airlines added seats in the market to meet pent-up demand,” said WAA.
WAA also paid down some of its total bond debt, ending the year at $638.5 million – compared to 2022’s $650 million.
According to a press release from WAA released Thursday, passengers flying out of Winnipeg in 2023 could choose from 47 non-stop destinations and had 12 per cent more routes available to select than in the previous year.
CTVNews.ca Top Stories
Former homicide detective explains how police will investigate shooting outside Drake's Bridle Path mansion
Footage from dozens of security cameras in the area of Drake’s Bridle Path mansion could be the key to identifying the suspect responsible for shooting and seriously injuring a security guard outside the rapper’s sprawling home early Tuesday morning, a former Toronto homicide detective says.
Federal government grants B.C.'s request to recriminalize hard drugs in public spaces
The federal government is granting British Columbia's request to recriminalize hard drugs in public spaces, nearly two weeks after the province asked to end its pilot project early over concerns of public drug use.
Stormy Daniels describes meeting Trump during occasionally graphic testimony in hush money trial
Stormy Daniels took the witness stand Tuesday at Donald Trump's hush money trial, describing for jurors a sexual encounter the porn actor says she had with him in 2006 that resulted in her being paid off to keep silent during the presidential race 10 years later.
MPs agree Canadian gov't should improve new disability benefit
The federal government needs to safeguard the incoming Canada Disability Benefit from clawbacks and do more to ensure it actually meets the stated aim of lifting people living with disabilities out of poverty, MPs from all parties agree.
Bye-bye bag fee: Calgary repeals single-use bylaw
A Calgary bylaw requiring businesses to charge a minimum bag fee and only provide single-use items when requested has officially been tossed.
CFL suspends Argos QB Chad Kelly at least nine games following investigation
The CFL suspended Toronto Argonauts quarterback Chad Kelly for at least nine regular-season games Tuesday following its investigation into a lawsuit filed by a former strength-and-conditioning coach against both the player and club.
Boy Scouts of America changing name for first time in 114 years, aiming for inclusivity
The Boy Scouts of America is changing its name for the first time in its 114-year history and will become Scouting America. It's a significant shift as the organization emerges from bankruptcy following a flood of sexual abuse claims and seeks to focus on inclusion.
opinion Tom Mulcair: Trudeau's handling of Poilievre's 'wacko' House turfing a clear sign of Liberal desperation
When Speaker Greg Fergus tossed out Pierre Poilievre from the House last week, "those of us who have experience as parliamentarians simply couldn't believe our eyes," writes former NDP leader Tom Mulcair in his column for CTVNews.ca
New charges for Ont. woman who previously admitted to defrauding doulas
The Brantford, Ont. woman who was previously sentenced to house arrest after admitting to deceiving doulas has been charged again in connection to a new victim.