Latest news with #YUL
National Post
5 days ago
- Business
- National Post
Porter Airlines Inaugurates Nonstop Montréal-Newark Service
Article content Article content TORONTO — Porter Airlines is expanding its New York network with the inauguration of non-stop service between Montréal Trudeau International Airport (YUL) and Newark Liberty International Airport (EWR) on June Article content Up to two daily roundtrip flights are operated on Porter's 78-seat De Havilland Dash 8-400 aircraft, meaning no middle seats for all passengers. Daily flights will now operate year-round based on strong demand seen for the summer schedule. This is the third nonstop route to Newark offered by the airline, joining Billy Bishop Toronto City Airport (YTZ) and Ottawa (YOW). Porter recently launched a fourth route to the New York area with daily nonstop Toronto Pearson (YYZ) to LaGuardia service. Article content The scheduled flight times are as follows: Article content Passengers will enjoy Porter's signature elevated economy experience, featuring complimentary beer and wine, and premium Canadian-made snacks. Added benefits such as enhanced legroom, priority boarding, checked baggage, and dedicated check-in are available à la carte through the PorterClassic fare or all-inclusive in PorterReserve. Article content The route expands Porter's presence in the New York metropolitan area, joining the airline's existing Newark services and recently-launched Toronto Pearson – LaGuardia route. Connections via Montréal give passengers easy access to Porter's coast-to-coast domestic network, including Halifax, Calgary, Edmonton and Vancouver. Passengers can explore Europe through our partner Air Transat's network via Montréal. Article content 'This route reinforces our commitment to serving both of these popular cities. Travellers connecting through Montréal now have even more options when further exploring Canada and the United States with Porter.' Article content 'ADM Aéroports de Montréal is very pleased to be helping Porter expand its transborder offering at YUL Montréal-Trudeau International Airport by adding Newark Liberty International Airport to its service. While continuing to meet the needs of various traveller groups, this new addition by Porter also provides a range of options for passengers departing from YUL.' Article content Article content Article content Article content Article content Contacts Article content Media contact: Article content Article content Article content
Montreal Gazette
13-05-2025
- Politics
- Montreal Gazette
Letters: Bill 83 a poor prescription for health care
Will our politicians ever learn that penalizing never works as well as rewarding? Why do they keep imposing conditions and regulations that end up accomplishing the opposite of what they intend? How many times do they have to experience the negative outcomes of their decisions before they question their own logic? The current conundrum is Bill 83, which forces Quebec-trained doctors to work in the public system for five years after obtaining a medical degree — or face hefty fines. I don't see this legislation improving patient care, and it may well result in more young doctors leaving the province. At the beginning of their professional journey, these doctors can easily be enticed to establish their careers elsewhere if they feel cornered and subjected to unreasonable orders. I also expect Bill 83 to further congest overcrowded ERs and increase health care costs. Ella Amir, N.D.G. Pet owners lose crucial YUL service Re: 'Airport expansion is a good thing' (Letters, May 10) As one involved in international animal transport for over 50 years, I find the closure of Manoir Kanisha — the saviour of animals stranded or in temporary care — unconscionable. The demolition of the pet boarding facility on the grounds of Trudeau airport is likely to have huge international repercussions. For 35 years, pet owners from around the world and airlines relied on Manoir Kanisha to import and export pets safely through conflicting country regulations. Now, the privileges of 24-hour pickup, veterinary attention, exercise, comfort, feeding, release from travel crates and contact with worried owners are no longer available. With this decision, YUL has lost its international standing of Heathrow, Frankfurt, Charles de Gaulle, JFK and other airports offering pet services. Sharon E. Cregier, Montague, P.E.I. Turning the tide against ageism Re: ' Wise to the benefits of male bonding ' (Extra, May 10) Bravo to Susan Schwartz for her feature about the male bonding of gentlemen who have reached or, hopefully, will soon reach 90 years of age. All too often, people of a certain age are perceived as having become victims of planned obsolescence and, therefore, categorized as yesterday's person. It is imperative that one be reminded that ageism remains inculcated in the very nature and culture of our society and, thus, sanctions prejudice beyond the pale. As time travellers, an appreciation of meaningful relationships brings forth the promise of a fulfilling tomorrow. Brahms E. Silver, Côte-St-Luc Choosing Charles sends a message Re: ' Quebec flipping out on word the King is coming ' (Chris Selley, May 7) It is sad that some critics in Quebec don't seem to see history beyond 1759. King Charles's scheduled visit to open Parliament is a case in point. They see it as a reminder of British rule. However, because Canada's sovereignty is directly and unbelievably threatened these days by our neighbour to the south, I am sure the King's presence is an intentional reply to this threat. Charles's throne speech will remind the world, and the U.S. in particular, that Canada is part of the Commonwealth and as such is not to be considered a piece of real estate to be coveted, grabbed or exploited by anyone. Vera Bondy, Westmount Submitting a letter to the editor Letters should be sent by email to letters@ We prioritize letters that respond to, or are inspired by, articles published by The Gazette. If you are responding to a specific article, let us know which one. Letters should be sent uniquely to us. The shorter they are — ideally, fewer than 200 words — the greater the chance of publication. Timing, clarity, factual accuracy and tone are all important, as is whether the writer has something new to add to the conversation. We reserve the right to edit and condense all letters. Care is taken to preserve the core of the writer's argument. Our policy is not to publish anonymous letters, those with pseudonyms or 'open letters' addressed to third parties. Letters are published with the author's full name and city or neighbourhood/borough of residence. Include a phone number and address to help verify identity; these will not be published. We will not indicate to you whether your letter will be published. If it has not been published within 10 days or so, it is not likely to be.
Cision Canada
08-05-2025
- Business
- Cision Canada
ADM ANNOUNCES ITS FINANCIAL RESULTS AT MARCH 31, 2025 Français
, May 8, 2025 /CNW/ - ADM Aéroports de Montréal today announced its consolidated operating results for the quarter ended March 31, 2025. These results are accompanied by passenger traffic data for YUL Montréal-Trudeau International Airport. Highlights Passenger traffic at YUL totalled 4.9 million for the first quarter of 2025, down 2.0% compared with the same period of 2024. The domestic sector rose by 1.1% over the same period in 2024. The international and transborder sectors declined by 1.7% and 6.0%, respectively, compared with the first quarter of 2024. EBITDA (earnings before income taxes, net financial expenses, depreciation and impairment and share in the results of joint ventures, see the "Non-GAAP measures" section for more information) was $90.6 million for the first quarter of 2025, a decrease of $7.8 million over the EBITDA of $98.4 million recorded in the same period of 2024. Capital investments were $138.7 million for the first quarter of 2025, compared with $46.3 million for the corresponding period of 2024, an increase of $92.4 million, or 199.6%. Investments in the Airport Program totalled $111.9 million ($39.2 million in 2024), while investments for the airport's REM Station totalled $26.8 million ($7.1 million in 2024). Quote "After several years of strong growth in passenger traffic at YUL Montréal-Trudeau Airport, new travel habits began to emerge in the first quarter of 2025, particularly due to the current geopolitical and economic context, although it is still too early to speak of a major trend," said Yves Beauchamp, President and CEO of ADM. "That being said, it's shaping up to be a busy summer at YUL and ADM's teams are already working hard to ensure the smoothest possible experience against a backdrop of major work to improve access to the airport site. To avoid any headaches for users, several key summer 2024 measures have been back in place since early May, including express drop-off services and free 40-minute parking in nearly all on-site parking lots. Additional staff and our ambassadors, easily recognizable by their red jackets, will also be present at strategic locations to better guide passengers. Once again, I would like to thank the airport community employees, who were recognized earlier this spring as the best in North America, for their outstanding work." Financial results Consolidated revenues amounted to $219.3 million for the first quarter of 2025, an increase of $6.5 million, or 3.0%, over the corresponding quarter of 2024. These results are mainly due to the AIF increase on March 1, 2024 and the annual increase in aeronautical fees, partly offset by lower passenger traffic. Operating expenses totalled $93.0 million for the first three months of 2025, an increase of $14.5 million, or 18.4%, over the corresponding period of 2024. This increase is namely attributable to the costs associated with the preparation of preliminary studies that will make it possible to implement the airport facilities development plan. The variance is also due to higher information technology expenses as the corporation continues its transition to cloud-based solutions, and to the increase in headcount compared with the same period in 2024. Transfers to governments (payments in lieu of taxes to municipalities [PILT] and rent paid to Transport Canada) totalled $35.7 million for the period under review, a decrease of $0.2 million, or 0.8%, compared with the same period in 2024. These transfers represented 16.3% of ADM's revenues in the first quarter of 2025, compared with 16.9% for the corresponding period of 2024. Depreciation and impairment of property and equipment and right-of-use assets totalled $43.3 million for the first three months of 2025, an increase of $2.6 million, or 6.4%, compared with the same period of 2024. This increase is mainly due to the revaluation of the remaining useful life of the multi-level parking facility in front of the airport and to the amortization of the P4 parking facility opened in March 2024. Net financial expenses totalled $24.5 million as at March 31, 2025, an increase of $3.2 million, or 14.8%, compared with the corresponding period of 2024. This variance is mainly due to a decrease in interest income generated on surplus cash, which had a lower balance than in the same period of 2024. Net income for the quarter ended March 31, 2025 was $23.0 million, compared with $36.7 million for the same period in 2024, a decrease of $13.7 million, or 37.2%. Financial situation ADM's net debt as at March 31, 2025 was $2.31 billion, compared with $2.21 billion at December 31, 2024; see the "Non-GAAP measures" section for further information. The variance is mainly attributable to the use of cash for capital investments. Non-GAAP measures ADM references financial measures with no standardized meaning under International Financial Reporting Standards ("IFRS"), otherwise called non-GAAP measures. They are therefore unlikely to be comparable to similar measures presented by other entities. EBITDA EBITDA is defined by ADM as earnings before income taxes, net financial expenses, depreciation and impairment and share in the results of joint ventures. It is used by management as an indicator to evaluate operating performance. EBITDA is meant to provide additional information and is not intended to replace other performance measures prepared under IFRS. Net debt Net debt is the difference between gross debt (long-term bonds, long-term debt, amount drawn on the credit facility and lease liabilities) and cash, cash equivalents, short-term investments as well as the debt service reserve fund. Key financial measures The % variance in the above table are calculated with results in thousands. Capital investments Investments in the first quarter of 2025 at YUL and YMX were financed by operating activities, including AIF, and by the credit facility with Investissement Québec. 1 Capital investments are net of subsidies, mainly from the Canada Airport Critical Infrastructure Program (ACIP), which totalled $0.3 million for the Airport Program ($4.3 million in 2024) and nil for the REM Station ($7.2 million in 2024). Net debt (in billions of dollars) March 31, 2025 December 31, 2024 Variance (%) 2.31 2.21 4.5 The % variance in the above table is calculated with amounts in thousands. Passenger traffic For the first quarter of 2025, traffic at YUL totalled 4.9 million passengers, a decrease of 2.0% compared with the same period in 2024. International traffic was down 1.7%, transborder (U.S.) down 6.0%, while domestic traffic was up 1.1% compared with the first quarter of 2024. Total passenger traffic* *Total passenger traffic includes both revenue and non-revenue passengers and is calculated with figures detailed in thousands. Sustainability at ADM During the quarter, ADM implemented the following initiatives to pursue its commitment to sustainability: Organized the 11 th edition of YUL Premium Kids, in collaboration with Air Transat. This unique day allows children with autism spectrum disorder (ASD) or functional limitations to familiarize themselves and their families with the airport process and the experience on board an aircraft to ease their apprehension about travelling. This year, nearly 200 participants experienced the typical airport journey. YUL's airport community employees won first prize once again in the "Best Airport Staff Service" in North America category in the Skytrax World Airport Awards 2025. The airport also topped the "World's Cleanest Airport" in North America category. Held the 28 days for my health challenge, during which ADM employees were invited to take up four daily challenges for their health and well-being: 30 minutes of physical activity per day, eight hours of sleep per night and zero refined sugar or alcohol. Thanks to the efforts and determination of its employees, ADM was able to donate $5,000 to the Montreal Heart Institute. To learn more about ADM's actions, visit its Sustainability Indicators platform, read its 2024 Sustainability Report and its Sustainability Plan 1.0. About ADM Aéroports de Montréal ADM Aéroports de Montréal is the airport authority for the Greater Montréal area responsible for the management, operation and development of YUL Montréal–Trudeau International Airport, certified 4 stars under the Skytrax World Airport Star Rating program, and YMX International Aerocity of Mirabel.
