Aéroports de Montréal announces results for fiscal 2016

Aéroports de Montréal (ADM) posted consolidated operating results for the fiscal year ended December 31, 2016 . Consolidated revenues amounted to CA$527.2m for fiscal 2016, an increase of CA$38.7m, or 7.9%, over 2015. This improvement is attributable on the one hand to the growth of passenger traffic and carriers’ operations, and on the other to rate increases, all net of incentive and promotional programs aimed at fostering development of air service with the variety and quality of destinations. Also, revenues generated by commercial activities increased significantly. Operating costs for the year under review rose by CA$9.7m, or 5.8%, to reach CA$176.8m, against CA$167.1m for 2015. Total passenger traffic at Montréal–Trudeau for the fourth quarter of 2016 was up by 6.6%, to 3.8 million passengers enplaned/deplaned. International traffic rose by 6.0%, domestic traffic by 9.7%, and transborder (U.S.) traffic by 2.6% over the same year-earlier quarter. For all of fiscal 2016, traffic at Montréal–Trudeau was up by 6.9% over 2015, to 16.6 million passengers.