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Aéroports de Montréal has announced its audited consolidated financial results for the year ended December 31, 2009.
EBITDA totalled $151.5m for the year, down $21.6m, or 12.5 per cent, from the previous year. Consolidated revenues were $351.4m in 2009, down $10.8m, or three per cent, from 2008. This difference is the result of the drop in passenger traffic and interest revenue. Operating costs (excluding municipal taxes) for the year under review reached $141.0m, up $17.8 m, or 14.4 per cent, from the previous year. The company said this variance is due mainly to the contribution of the company to the redevelopment of the Dorval interchange, the increase of certain operational costs due to the start-up of the new transborder departures area, and to the increase in payroll and pension costs.
