Wednesday, April 14

“Colossal Challenge”: Québec City Airport in the Red until 2024

Struck by the pandemic, the Jean-Lesage International Airport in Quebec (YQB) figures its revenue losses at $ 175 million by 2024. A year in which management also plans to return to profitability.

• Read also: All developments in the COVID-19 pandemic

On Wednesday, the YQB administration took stock of the past few months and unveiled its recovery plan for the coming years where Quebec and Ottawa will be invited to invest tens of millions of dollars in various projects, such as the construction of a $ 25 million intermodal air freight center.

“I won’t hide the fact that the last few months have been very difficult for us at the airport. We are going through an unprecedented crisis, ”said YQB President and CEO Stéphane Poirier at a press conference.

For 2020 alone, YQB expects to cash in a shortfall of $ 35 million due to the impacts of COVID-19 on the airline industry. The following year, losses are estimated at $ 45 million.

More details to come …

Leave a Reply

Your email address will not be published. Required fields are marked *