29-04-2025
Calgary airport sees record number of passengers, retail revenue and cargo landings in 2024
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Airport Improvement Fees, which are tacked onto passengers' ticket prices, brought in $216 million in revenue in 2024. Dinsdale said YYC hasn't raised this tax in recent years, which he argued has 'squeezed' the airport's ability to generate more revenue.
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'But that's very much on purpose because we want to keep flying as affordable as possible,' he said.
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On the expenses side, Dinsdale said the airport paid the city $21.3 million in property tax in 2024 and also paid $53 million in federal taxes and payments.
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The airport authority experienced a $30.5-million net accounting deficit in 2024. But on its cash flow, revenues minus expenses came to $230 million last year and Dinsdale said the authority maintains a cash balance of roughly $200 million to help pay for major projects.
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Of those projects, Dinsdale's report cited the $200-million overhaul of its west runway, which began last April and is expected to last two years. Another major project is the airport's $50-million shift toward centralized security screening.
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The airport intends to close three of its pre-boarding security lines in its domestic terminal and replace them with a larger, centralized lane. New screening technology will allow security staff to move passengers through the lane more quickly, as they'll be able to leave their electronics and liquids in their carry-on bags.
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