May 2, 2022
FOR IMMEDIATE RELEASE
Charlottetown Airport Authority Releases 2021 Results and Outlook for 2022 at Annual Public Meeting
Charlottetown, PE – The Charlottetown Airport Authority Inc. (CAA) held its Annual Public Meeting this afternoon, where they released CAA’s 2021 Annual Report.
- 2021 saw 111,160 passengers go through YYG Charlottetown Airport.
- Passenger numbers were up 55% from the record low of 71,480 in 2020, but still only reached 29% of 2019 record levels.
- Total revenues increased to $10.2 million thanks in large part to significant government support received during the year to assist the airport with pandemic recovery.
- Capital investments remained low for a second straight year at $461 thousand.
- YYG welcomed 2 new airline partners – Flair and PAL Airlines – and a new destination to Calgary, Alberta with WestJet.
- YYG continued to respond to health and safety measures, and worked closely with the Chief Public Health Office to facilitate screening and testing at the airport.
- A partnership for departure testing was secured with Canadian Health Labs to facilitate outbound testing required for many destinations.
“Although last year was another challenging year for our airport as well as our airline partners and tenants, there was much to celebrate. We were fortunate to see some resurgence in air travel starting in mid-July and celebrated significant funding support attained throughout the year”, said Doug Newson, CEO, Charlottetown Airport. “Through it all, the staff at YYG have continued to be resilient in their effort to put the health and safety of passengers first, and to protect the future viability of our airport. We are confident that we are well positioned to take advantage of pent-up demand for travel, and are looking forward to growing passenger numbers once again.”
CAA took the opportunity to thank our airline partners as well as all three levels of government for their support of YYG. Mr. Bert van der Stege, Head of Commercial and Finance with Swoop, was the guest speaker at today’s meeting, where he provided an update on Swoop’s plans for Prince Edward Island.
“We are not just heading into a summer of recovery; we are looking at growth.” said Newson. “PEI is getting ready to welcome back visitors to explore our amazing tourism product this summer, and airlines like Swoop have responded with new flights to new markets”, said Newson. “We thank Swoop and all of our airline partners – Air Canada, WestJet, and Flair – for their investment in our province as we approach these busy summer months.”
The 2021 Annual Report can be found at: https://voleryyg.com/corporate/about-yyg/annual_reports/
About the Airport Authority
Charlottetown Airport Authority Inc. assumed operational and financial responsibility for the Charlottetown Airport on March 1, 1999. The Board of Directors now oversee the affairs of the airport with a mission to provide a safe, secure, and fiscally responsible airport that connects PEI to the world and drives economic growth. Prior to the pandemic, more than 383,000 passengers travelled through the airport on an annual basis, generating more than $103-million in total economic activity in Prince Edward Island.
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Doug Newson, CEO
Charlottetown Airport Authority Inc.