GTAA REPORTS 2025 SECOND QUARTER RESULTS

TORONTO, Aug. 6, 2025 /CNW/ - The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for the second quarter and the first half of 2025.  Toronto Pearson, Canada's busiest airport, saw slight growth in its overall passenger volumes, which increased by 0.3 million or 1.5% to 12.0 million for the second quarter and 0.1 million or 0.1% to 22.7 million year-to-date, when compared to the same periods of 2024. This was largely driven by strong growth in both the domestic and international sectors.  Overall international growth was offset by a decline in transborder travel. Year-to-date passenger volume was also impacted by extreme weather events, and a five-day runway closure due to a single aircraft incident in the first quarter.

"Q2 2025 was encouraging with growth in domestic and international sectors, which offset the decline in transborder U.S. travel.  Amid ongoing uncertainties in the global economic and political landscape, year-to-date performance is as strong as 2024, and our long-term strategy remains firmly on track," said Deborah Flint, President and CEO.

"We continue to meet milestones in our infrastructure plans," added Ms. Flint. "Pearson is a national economic driver, and we remain focused on increasing our connectivity as a global hub airport that strengthens Canada's economy."

Toronto Pearson continues to monitor the global economic and political landscape closely, assessing risks and ready to adapt in economic uncertainty.

Key Passenger and Financial Information

Three months ended June 30

Six months ended June 30

(millions)

2025

2024

Change1

2025

2024

Change1

Passenger Activity

%

%

Domestic

4.4

4.1

0.3

5.6

7.7

7.5

0.2

2.5

International

7.6