Latest news with #DeborahFlint
Yahoo
an hour ago
- Business
- Yahoo
Toronto Pearson awards $1.57M Uplift Fund to 11 local organizations to support workforce development, skilled trades training
TORONTO, June 3, 2025 /CNW/ - Toronto Pearson is awarding $1.57 million through its Uplift Fund to 11 organizations dedicated to supporting workforce development and expanding the construction skilled trades in communities surrounding the airport. The airport is also committing to broadening its focus to include organizations and job seekers across the entire Pearson Economic Zone over the next three years. This investment will provide more than 2,000 local residents with job placements, training, and career coaching in communities around Toronto Pearson, including Brampton, Mississauga, and Etobicoke. The fund focuses on two streams: breaking down barriers to meaningful employment and growing the construction skilled trades workforce – a new stream that addresses the need to support the construction industry and supports Toronto Pearson's long-term growth plans. "Toronto Pearson understands the importance of partnering with community organizations, as we move forward with plans to build the airport of the future," said Deborah Flint, President and CEO of Toronto Pearson. "The Uplift Fund is just one way we're catalyzing economic growth and helping to build a skilled workforce that represent the broad experiences of people in the region. We are committed to opening doors, removing barriers, and creating opportunity for people who live and work within our community." The Uplift Fund, part of the Propeller Project, has contributed more than $5 million in community funding over the past five years. Since 2018, Toronto Pearson's Uplift Fund has been investing and collaborating in programming, advocacy, and research to support local residents seeking to gain the skills, connections and opportunities to retain meaningful employment. The 11 organizations are: Construction Skilled Trades Stream ACCES Employment, Connecting to Careers in Construction - Connecting young refugees and newcomers in Peel and Etobicoke to construction apprenticeships through mobile outreach and Ontario employment programs. Afro Canadian Contractors Association, Project Ascend: Building Pathways to Success for BIPOC Contractors - Supports BIPOC contractors with skills training in bidding and estimating, mentorship, and post-program support to help them win contracts and grow their businesses. Building Up, Building Up a Network of Holistic Supports for Long-term Construction Careers - Provides marginalized individuals with long-term career support in the trades, including case management, mentorship, financial coaching, and employer connections. Skills for Change, Women in Skilled Trades Green Leadership Academy - Empowers newcomer and racialized women in trades with leadership training and industry connections, promoting inclusion in the green economy. Workforce Development Stream Achev, Job Action Club - Helps low-income residents in Brampton and Mississauga overcome unemployment through job coaching, skills training, and job search support. CNIB, Come to Work: Building Brighter Futures - Supports job seekers with sight loss by building employer partnerships and connecting talent to meaningful work through training and career development. Hospitality Workers Training Centre (HWTC), Uplifting Women's Careers Program - Advances racialized women in hospitality from entry-level to leadership roles through intensive training and career coaching, addressing labour shortages and inclusion. Humber College, NextPath Project: Communication Micro-Credential Program - Assists internationally trained professionals in bridging employment gaps through communication training, job trials, and credential recognition support. The DAM, Youth Employment Program - Prepares youth for the workforce with personalized coaching, training, certifications, and career exploration, reducing employment barriers. The King's Trust Canada, Skills Academy: Creating Pathways to Employment for Young People - Equipping young people with the essential skills employers are seeking such as communication, teamwork, and problem-solving to help them land a job and excel in the modern workplace, highlighting a gap in critical professional skills. YWCA Toronto, Empower Works Program: Pathways to Higher-Paying and Meaningful Work for Women and Gender Diverse Individuals - Supports women and gender-diverse individuals in accessing higher-paying jobs through tailored career planning, employer connections, and empowerment programming. About Toronto Pearson The Greater Toronto Airports Authority is the operator of Toronto Pearson International Airport, Canada's largest airport and a vital connector of people, businesses, and goods. Toronto Pearson has been named "Best Large Airport in North America serving more than 40 million passengers" seven times in the last eight years by Airports Council International, the global trade representative of the world's airports. Toronto Pearson was also recognized in 2025 as one of "Canada's Best Employers" by Forbes. For operational updates and passenger information, please visit @TorontoPearson/@AeroportPearson on X. You can also follow us on Facebook or Instagram. SOURCE Toronto Pearson View original content to download multimedia:
Yahoo
15-05-2025
- Business
- Yahoo
TORONTO PEARSON ANNOUNCES DEBBIE SIMPSON AS CHIEF FINANCIAL OFFICER
TORONTO, May 15, 2025 /CNW/ - Deborah Flint, President and Chief Executive Officer of the Greater Toronto Airports Authority ("GTAA"), announced today that Debbie Simpson officially assumes the role of Chief Financial Officer ("CFO"). Ms. Debbie Simpson joined the GTAA as Interim CFO in November 2024, with a focus on enhancing Toronto Pearson's strategic goals and capital projects. With 35 years of experience in complex financial management and now serving as CFO, Ms. Simpson will play a key role in shaping our financial strategy and financing capabilities, with a focus on enabling Toronto Pearson to deliver its 10-year Strategic Plan. Before joining GTAA, Ms. Simpson played a key role in leading strategic and transformational investments at Li-Cycle, where she established a funding strategy and roadmap, built the Finance function, and developed a governance framework for the newly established public company. She also served as CFO of Maple Leaf Foods, where she executed several major acquisitions and dispositions, supported a shift in strategy and transformation for the company, established capital allocation principles, and secured more than $2 billion in funding to support financial resiliency. "Debbie's financial leadership experience, which spans large commercial enterprises and complex transactions, has positioned her to make strong contributions to our organization," said Deborah Flint, President and CEO. "Debbie is an excellent complement to the executive team and will further strengthen our financial planning and management and lead the execution of our 10-year strategy, inclusive of our LIFT program," added Ms. Flint. Ms. Simpson was educated in the UK, earning a Bachelor's degree in Business and a Master's degree from the University of Stirling. She is also a Certified Public Accountant (CPA) with the Institute of Chartered Accountants of Scotland, where she trained with EY. About Toronto Pearson The Greater Toronto Airports Authority is the operator of Toronto Pearson International Airport, Canada's largest airport and a vital connector of people, businesses, and goods. Toronto Pearson has been named "Best Large Airport in North America serving more than 40 million passengers" seven times in the last eight years by Airports Council International, the global trade representative of the world's airports. Toronto Pearson was also recognized in 2025 as one of "Canada's Best Employers" by Forbes. For our corporate X channel, please visit @PearsonComms. For operational updates and passenger information, please visit @TorontoPearson/@AeroportPearson on X. You can also follow us on Facebook or Instagram SOURCE Toronto Pearson View original content to download multimedia: Sign in to access your portfolio
Cision Canada
15-05-2025
- Business
- Cision Canada
TORONTO PEARSON ANNOUNCES DEBBIE SIMPSON AS CHIEF FINANCIAL OFFICER
TORONTO, May 15, 2025 /CNW/ - Deborah Flint, President and Chief Executive Officer of the Greater Toronto Airports Authority ("GTAA"), announced today that Debbie Simpson officially assumes the role of Chief Financial Officer ("CFO"). Ms. Debbie Simpson joined the GTAA as Interim CFO in November 2024, with a focus on enhancing Toronto Pearson's strategic goals and capital projects. With 35 years of experience in complex financial management and now serving as CFO, Ms. Simpson will play a key role in shaping our financial strategy and financing capabilities, with a focus on enabling Toronto Pearson to deliver its 10-year Strategic Plan. Before joining GTAA, Ms. Simpson played a key role in leading strategic and transformational investments at Li-Cycle, where she established a funding strategy and roadmap, built the Finance function, and developed a governance framework for the newly established public company. She also served as CFO of Maple Leaf Foods, where she executed several major acquisitions and dispositions, supported a shift in strategy and transformation for the company, established capital allocation principles, and secured more than $2 billion in funding to support financial resiliency. "Debbie's financial leadership experience, which spans large commercial enterprises and complex transactions, has positioned her to make strong contributions to our organization," said Deborah Flint, President and CEO. "Debbie is an excellent complement to the executive team and will further strengthen our financial planning and management and lead the execution of our 10-year strategy, inclusive of our LIFT program," added Ms. Flint. Ms. Simpson was educated in the UK, earning a Bachelor's degree in Business and a Master's degree from the University of Stirling. She is also a Certified Public Accountant (CPA) with the Institute of Chartered Accountants of Scotland, where she trained with EY. About Toronto Pearson The Greater Toronto Airports Authority is the operator of Toronto Pearson International Airport, Canada's largest airport and a vital connector of people, businesses, and goods. Toronto Pearson has been named "Best Large Airport in North America serving more than 40 million passengers" seven times in the last eight years by Airports Council International, the global trade representative of the world's airports. Toronto Pearson was also recognized in 2025 as one of "Canada's Best Employers" by Forbes. For our corporate X channel, please visit @PearsonComms. For operational updates and passenger information, please visit @TorontoPearson/@AeroportPearson on X. You can also follow us on Facebook or Instagram
Yahoo
07-05-2025
- Business
- Yahoo
GTAA REPORTS 2025 ANNUAL RESULTS
Earnings before interest and financing costs, and amortization ("EBITDA") decreased during the three months ended March 31, 2025, by 1.0 per cent to $216.9 million, compared to the same period of 2024. Higher revenues associated with the increase in aeronautical and AIF fees were offset by the increase in operating costs (before amortization), for Q1 2025 reflecting investments in the year to support customer experience and prepare GTAA for medium to long term growth in passenger volumes. Revenue growth of $18.9 million for the three months ended March 31, 2025, is primarily driven by rate and fee increases, offset by a decline in passenger volumes compared to the same period in 2024. 2 Please refer to Non-GAAP Financial Measures at the end of this document for further details. "We continue to make steady progress on our growth strategy as we build for the future" added Ms. Flint. "Pearson's economic contribution to the region are substantial, and we remain focused on strengthening our connectivity as a global hub airport." "Our performance in the first quarter has been marginally affected by the operational events in February as well as the current global economic and political landscape," said Deborah Flint, President and CEO. "These pressures have resulted in a 2% decline in total year over year passenger traffic." TORONTO, May 6, 2025 /CNW/ - The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for the three months ended March 31, 2025. Toronto Pearson, Canada's busiest airport, saw a slight decline in its passenger volumes, which decreased 2.0 per cent to 10.7 million in the first quarter of 2025, compared to the same period in 2024. This was due to a slight softening in both the international and domestic sectors, compared to the same period in 2024. February also saw extreme weather conditions, and a five-day runway closure due to a single aircraft incident. Story Continues Net income decreased during the three months ended March 31, 2025 by $4.1 million to $69.5 million, compared to the same period of 2024 due to the increase in total expenses being partially offset by increase in revenues. Free cash flow increased $13.7 million to $130.8 million driven by higher cash flow from operations partially offset by lower receipt of funds under the Airport Critical Infrastructure Program ("ACIP"). Cash flows from operations are used to fund capital expenditures focused on improving facilities and enabling growth, while maintaining quality customer experience. The GTAA's March 31, 2025 financial results are analyzed in more detail in the GTAA's Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis, each for the three months ended March 31, 2025, which are available at and on SEDAR at . Caution Regarding Forward-Looking Information This news release contains forward-looking information within the meaning of applicable securities laws. This forward-looking information is based on a variety of assumptions and is subject to risks and uncertainties. These statements reflect GTAA Management's current beliefs and are based on information currently available to GTAA Management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that the GTAA's assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in the GTAA's securities regulatory filings, including its most recent Annual Information Form and Management's Discussion and Analysis, which can be found on SEDAR at NON-GAAP FINANCIAL MEASURES Throughout this news release, there are references to the following performance measures which in Management's view are valuable in assessing the economic performance of the GTAA. While these financial measures are not defined by the International Accounting Standards Board and are referred to as non-GAAP measures which may not have any standardized meaning, they are common benchmarks in the industry, and are used by the GTAA in assessing its operating results, including operating profitability, cash flow and investment program. EBITDA EBITDA is earnings from operations before interest and financing costs, reversal or impairment of investment property, write-down of property and equipment, and amortization. EBITDA is a commonly used measure of a company's operating performance. This is used to evaluate the GTAA's performance without having to factor in financing and accounting decisions. Free Cash Flow Free Cash Flow ("FCF") is cash flows from operating activities per the consolidated statements of cash flows, and ACIP grants received less capital expenditures (property and equipment, investment property, and other) and interest and financing costs paid, net of interest income (excluding non-cash items). FCF is used to assess funds available for debt reduction or future investments within Toronto Pearson. About Toronto Pearson The Greater Toronto Airports Authority is the operator of Toronto Pearson International Airport, Canada's largest airport and a vital connector of people, businesses, and goods. Toronto Pearson has been named "Best Large Airport in North America serving more than 40 million passengers" seven times in the last eight years by Airports Council International, the global trade representative of the world's airports. Toronto Pearson was also recognized in 2025 as one of "Canada's Best Employers" by Forbes. For our corporate X channel, please visit @PearsonComms. For operational updates and passenger information, please visit @TorontoPearson/@AeroportPearson on X. You can also follow us on Facebook or Instagram. SOURCE Greater Toronto Airports Authority Cision View original content to download multimedia:
Cision Canada
07-05-2025
- Business
- Cision Canada
GTAA REPORTS 2025 ANNUAL RESULTS
TORONTO, May 6, 2025 /CNW/ - The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for the three months ended March 31, 2025. Toronto Pearson, Canada's busiest airport, saw a slight decline in its passenger volumes, which decreased 2.0 per cent to 10.7 million in the first quarter of 2025, compared to the same period in 2024. This was due to a slight softening in both the international and domestic sectors, compared to the same period in 2024. February also saw extreme weather conditions, and a five-day runway closure due to a single aircraft incident. "Our performance in the first quarter has been marginally affected by the operational events in February as well as the current global economic and political landscape," said Deborah Flint, President and CEO. "These pressures have resulted in a 2% decline in total year over year passenger traffic." "We continue to make steady progress on our growth strategy as we build for the future" added Ms. Flint. "Pearson's economic contribution to the region are substantial, and we remain focused on strengthening our connectivity as a global hub airport." Toronto Pearson continues to monitor the global economic and political landscape closely, assessing risks and ready to adapt as ongoing tariff pressures create economic uncertainty. Key Passenger and Financial Information 1 Percentage calculations are based on detailed actual numbers (not rounded as presented). 2 Please refer to Non-GAAP Financial Measures at the end of this document for further details. Revenue growth of $18.9 million for the three months ended March 31, 2025, is primarily driven by rate and fee increases, offset by a decline in passenger volumes compared to the same period in 2024. Earnings before interest and financing costs, and amortization ("EBITDA") decreased during the three months ended March 31, 2025, by 1.0 per cent to $216.9 million, compared to the same period of 2024. Higher revenues associated with the increase in aeronautical and AIF fees were offset by the increase in operating costs (before amortization), for Q1 2025 reflecting investments in the year to support customer experience and prepare GTAA for medium to long term growth in passenger volumes. Net income decreased during the three months ended March 31, 2025 by $4.1 million to $69.5 million, compared to the same period of 2024 due to the increase in total expenses being partially offset by increase in revenues. Free cash flow increased $13.7 million to $130.8 million driven by higher cash flow from operations partially offset by lower receipt of funds under the Airport Critical Infrastructure Program ("ACIP"). Cash flows from operations are used to fund capital expenditures focused on improving facilities and enabling growth, while maintaining quality customer experience. The GTAA's March 31, 2025 financial results are analyzed in more detail in the GTAA's Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis, each for the three months ended March 31, 2025, which are available at and on SEDAR at Caution Regarding Forward-Looking Information This news release contains forward-looking information within the meaning of applicable securities laws. This forward-looking information is based on a variety of assumptions and is subject to risks and uncertainties. These statements reflect GTAA Management's current beliefs and are based on information currently available to GTAA Management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that the GTAA's assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in the GTAA's securities regulatory filings, including its most recent Annual Information Form and Management's Discussion and Analysis, which can be found on SEDAR at NON-GAAP FINANCIAL MEASURES Throughout this news release, there are references to the following performance measures which in Management's view are valuable in assessing the economic performance of the GTAA. While these financial measures are not defined by the International Accounting Standards Board and are referred to as non-GAAP measures which may not have any standardized meaning, they are common benchmarks in the industry, and are used by the GTAA in assessing its operating results, including operating profitability, cash flow and investment program. EBITDA EBITDA is earnings from operations before interest and financing costs, reversal or impairment of investment property, write-down of property and equipment, and amortization. EBITDA is a commonly used measure of a company's operating performance. This is used to evaluate the GTAA's performance without having to factor in financing and accounting decisions. Free Cash Flow Free Cash Flow ("FCF") is cash flows from operating activities per the consolidated statements of cash flows, and ACIP grants received less capital expenditures (property and equipment, investment property, and other) and interest and financing costs paid, net of interest income (excluding non-cash items). FCF is used to assess funds available for debt reduction or future investments within Toronto Pearson. About Toronto Pearson The Greater Toronto Airports Authority is the operator of Toronto Pearson International Airport, Canada's largest airport and a vital connector of people, businesses, and goods. Toronto Pearson has been named "Best Large Airport in North America serving more than 40 million passengers" seven times in the last eight years by Airports Council International, the global trade representative of the world's airports. Toronto Pearson was also recognized in 2025 as one of "Canada's Best Employers" by Forbes. For our corporate X channel, please visit @PearsonComms. For operational updates and passenger information, please visit @TorontoPearson/@AeroportPearson on X. You can also follow us on Facebook or Instagram.
