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Aeroports de Montreal (ADM) has announced positive results for the fiscal year ended Dec. 31, 2017, with a record 18.2 million passengers welcomed at Montréal-Trudeau and a 10.9 per cent increase in EBITDA (earnings before interest, taxes, depreciation and amortization) compared with 2016.
Highlights – Passengers
• During the fiscal year, passenger traffic at Montréal-Trudeau increased by 9.5 per cent. This was 1.6 million more than the previous year;
• International traffic increased by 13.5 per cent, domestic traffic by 7.6 per cent, and transborder traffic (United States) by 6.2 per cent compared with the previous year.
Financial results at a glance
• EBITDA was $281.9 million in 2017, an increase of $27.7 million over 2016. Like many companies, ADM considers EBITDA to be the best indicator of its financial performance;
• The corporation’s capital investments totalled $229.4 million in 2017 compared with $254.8 million in 2016. Investments in the airports were financed by cash flows from operating activities, including airport improvement fees (AIF);
• Consolidated revenues were $579.7 million in 2017, an increase of $52.5 million, or 10 per cent, compared with the previous year. This improvement is mainly attributable to increased passenger traffic and higher revenues from commercial activities;
• Total operating expenses were $196.2 million in 2017, an increase of $19.4 million, or 11 per cent, compared with 2016. The difference is mainly attributable to an increase in operational costs namely those related to the planning of future projects, the commissioning of the expansion of the international jetty, enhancements to international arrivals services, winter conditions and security measures.
All information about these financial results is available online.
Recent Initiatives
In recent months, ADM has deployed various measures to benefit travellers:
• The new YUL concert program, launched last November with Coeur de pirate in the airport’s international jetty, continued in March with Alex Nevsky. Just in time for the school break, the singer-songwriter, very popular with young people, charmed travellers just before their departure;
• In collaboration with the Canada Border Services Agency (CBSA), 100 Primary Inspection Kiosks (PIKs) were introduced in the International Arrivals Hall last December to ensure greater fluidity at border control. In February 2018, 33 additional PIKs were installed in the connections centre;
• ADM proudly received BOMA BESt gold certification, attesting to the good energy and environmental performance of the building. Certified BOMA BESt since 2008, obtaining the gold level represents a significant improvement for Montreal-Trudeau. This award recognizes the quality of the building, the excellence of training for employees responsible for building maintenance, and several sustainable development initiatives at the terminal;
• Recent weather fluctuations, especially more frequent periods of freezing rain, are leading to challenges in the speed and quality of interventions on runways, aprons and taxiways. Montreal-Trudeau has invested more than $6 million to replace end-of-life vehicles and add new high-performance equipment to improve its snow removal and deicing capabilities.
