Montréal-Trudeau AIRPORT TERMINAL: Record 9.7 million passengers in H1 2019
ADM Aéroports de Montréal has released its consolidated operating results for the three- and six-month periods ended June 30, 2019. Of the entire year because the beginning, YUL Montréal-Trudeau International Airport has welcomed 9.7 million passengers, a rise of 5.7% on the same period this past year.
Highlights – passengers
◾YUL is continuing to welcome increasingly more passengers: 5.0 million passengers in the next quarter of 2019 (+5.0%) and 9.7 million in the initial 1 / 2 of 2019 (+5.7% ).
◾All three activity sectors, international, transborder and domestic, contributed to the growth. The increase was pronounced on the international side especially, with the sector posting a 9.8% upsurge in passenger traffic for the quarter under review and 10.7% in the six-month period.
◾Having an expanding amount of destinations, YUL remains Canada‘s most airport terminal as a proportion of its total passenger traffic (on the list of country’s largest airports).
◾In the next quarter of 2019, commercial air movements at YUL dropped by 2.1%, reflecting a rise in the amount of passengers per flight. Of the entire year for the initial six months, the decline was 1.2%.
Financial results instantly:
◾EBITDA was $85.4 million in the next quarter of 2019, up $1.5 million, or 1.8%, from exactly the same period in 2018. Of the entire year for the initial half, EBITDA totaled $175.0 million, up $25.5 million, or 17.1%, from exactly the same period in 2018.
◾Consolidated revenues totaled $170.1 million in the next quarter of 2019, a rise of $10.8 million, or 6.8%, in comparison to 2018. At June 30 total revenues, 2019, increased by 14.2% to $348.1 million in 2019 from $304.year 8 million the previous. This increase is due to the upsurge in passenger traffic mainly, the rate increase of AIFs, in addition to to an increase on the disposition of assets.
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◾Operating expenses for the quarter under review were $56.0 million, a rise of $7.7 million, or 15.9%, on the same period in 2018. June 30 for the half a year ended, 2019, operating expenses increased by $13.4 million, or 13.2%. This variance is principally due to investments to keep a high degree of service for travelers in a context of infrastructure under-capacity in addition to to implementation costs linked to initiatives to improve competitiveness.
◾The Corporation’s capital investments totaled $77.2 million through the second quarter of 2019 and $116.5 million in the initial half a year of 2019 ($62.0 million and $86.3 million, respectively, in 2018). Investments in YMX and YUL were financed by cash flows from operating activities.
“The initial half a year of 2019 show sustained growth in passenger traffic, demonstrating the effectiveness of Montréal-Trudeau being an international hub for air traffic. The management of Aéroports de Montréal wishes to thank its employees and the ones of the airport community, each day to achieving these a lot more than satisfactory results who contribute, along with enhancing the known degree of service wanted to the passengers who visit YUL,” said Philippe Rainville, CEO and president of Aéroports de Montréal.
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