2.7 C
New York
March 13, 2026
Worship Media
Business

Airport industry group calls for urgent aid as pandemic lockdown chokes off revenue

OTTAWA — The Canadian Airports Council is calling for urgent government aid as travel restrictions continue to take a toll on airports’ revenues.

The organization, which represents more than 100 airports nationwide, is asking the government to implement a COVID-19 testing program at airports to reduce or eliminate quarantine restrictions and provide interest-free loans or direct operational support for airports, among other measures, it said in a statement

The federal government has indicated its willingness to provide a sector-specific aid package for the airline industry, but so far has not shared any details about its plans.

The majority of Canada’s airports are not subsidized by the government, relying instead on revenue generated from passenger air travel, the CAC said.

Since April, traffic in airports has been down 90 per cent compared to the same period in 2019, while October passenger volumes were 85.5 per cent lower than the previous October, according to the CAC.

Canada’s airports supported nearly 200,000 jobs prior to the pandemic, the CAC said.

This report by The Canadian Press was first published Nov. 24, 2020.

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/airport-industry-group-calls-for-urgent-aid-as-pandemic-lockdown-chokes-off-revenue-1.5202310

Related posts

Up to 150 million could join extreme poor, World Bank says

CTV News

S&P/TSX composite index up in early trading, U.S. stock markets also climb

CTV News

Microsoft buys Activision Blizzard for US$68.7 billion

CTV News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy