The Canadian gateway accommodated 3.7 million passengers in Q1 – 4.1% more than in the corresponding period a year ago
All three sectors – domestic, transborder (US) and international – performed well.
EBITDA (excess [deficiency] of revenues over expenses before financial expenses, income taxes and depreciation) totalled C$53.4 million for the opening quarter of 2015, an increase of $7.3 million, or 15.8%, over the corresponding period of 2014.
Operator, Aéroports de Montréal invested a total of $29.7 million in the first quarter of 2015 ($26.6 million for the same quarter a year earlier).
It notes that Investments in its airports were financed by cash flows from airport operations, including airport improvement fees (AIFs).
Consolidated revenues amounted to $120.2 million for the opening quarter of 2015, up $6.3 million, or 5.5%, over the same period of 2014. This improvement is mainly due to passenger traffic growth.
Operating costs declined to $43.8 million for the period under review, against $45.6 million for the 2014 quarter, a decrease of $1.8 million, or 3.9%.
According to ADM, the variance is due among other factors to the decrease in certain operating expenses following the signing of new contracts and to lower energy costs at Mirabel.
Transfers to governments (payments in lieu of taxes and rent to Transport Canada) reached $23 million for the opening quarter of 2015 ($22.2 million for the same period of 2014) and represent nearly 19% of the Corporation’s total revenues.
The quarter ended March 31, 2015, produced an excess of revenues over expenses of $3.8 million, compared with a deficiency of $3.2 million for the corresponding quarter of 2014.