Calgary Airport

By Canadian Press

DECLINING REVENUE

Calgary airport expects steep passenger, revenue drop from COVID-19

Mar 17, 2020 | 8:18 AM

CALGARY- The Calgary Airport Authority expects to lose revenues equivalent to nearly one quarter of its annual budget as the COVID-19 pandemic spurs flight cancellations, reduced bookings and travel restrictions.

It is one of four airports across the country that Ottawa is allowing to remain open to international flights.

The airport authority says it expects at least a 30% drop in 2020 passenger volumes compared to 2019, or 5,000,000 fewer guests.

It is forecasting $100 million in lost revenue, or about 22% of its annual $450 million budget.

A long-running program in which volunteers in white cowboy hats greet travellers at the airport is also being suspended.

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(The Canadian Press)