Source: Aéroports de Montréal

ADM Aéroports de Montréal announced its consolidated operating results for the year ended December 31, 2022. These results are accompanied by passenger traffic data for YUL Montréal-Trudeau International Airport.

Highlights

  • Passenger traffic at YUL totalled 4.3 million in the fourth quarter of 2022, up 87.3% from 2021, or 94.7% of the traffic in the corresponding period of 2019. The transborder and international sectors recovered significantly, reaching 94.0% and 103.2% of 2019 traffic levels in the fourth quarter, respectively. The domestic sector reached 85.9% of the 2019 traffic level in the fourth quarter. For the year 2022, overall traffic was 16 million passengers, up 207.1% from 2021.
  • EBITDA (the excess of revenues over expenses before financial expenses, income taxes, depreciation and impairment and share of results of joint ventures, see the “Non-GAAP Measures” section for more information) was $323.9 million for fiscal 2022, an increase of $260.3 million over EBITDA of $63.6 million for the previous year.
  • Capital investments, net of grants, were $68.0 million in 2022 compared with $51.8 million in 2021, an increase of $16.2 million, or 31.1%. Grants, primarily from the Government of Canada’s Airport Critical Infrastructure Program (ACIP), totalled $75.2 million compared with $5.3 million in the previous year.

Philippe Rainville, President and CEO of ADM said: “The traffic recovery accelerated throughout the year, with nearly 16 million passengers welcomed at YUL Montréal-Trudeau Airport. The last six months of 2022 have allowed us to reconnect with our passengers and resume a large number of activities at YUL, a trend that was fully confirmed during our last quarter. With the summer season rapidly approaching, all our teams remain motivated by the same objective: to offer our passengers a quality welcome and service. It’s not by chance that our airport community employees were named Best Airport Staff in North America at the Skytrax World Airport Awards gala for the second time in five years. I would like to thank them again for their efforts during the more challenging times of the past year.”