The Montréal-Pierre Elliott Trudeau International Airport (YUL) experienced a decrease in passenger numbers during the third quarter, primarily due to reduced traffic with the United States, as reported by Aéroports de Montréal (ADM) on Tuesday.
Over 6.5 million travelers passed through the Dorval airport in the three-month period ending on Sept. 30, marking a 2.3% drop compared to the same quarter in 2024.
Cross-border traffic saw a significant decline of 12.2%, impacted by the current geopolitical landscape, according to ADM President and CEO Yves Beauchamp. Meanwhile, domestic traffic decreased by 0.6%, and international traffic saw a modest increase of 1.2%.
Despite these challenges, Beauchamp highlighted the ongoing development efforts at the airport, including significant infrastructure projects like the road network reconfiguration.
In terms of finances, ADM’s revenues for the third quarter reached $266.4 million, a slight increase of 0.4% from the previous year. This rise was attributed to higher airport fees and aeronautical charges, offsetting the decline in passenger traffic.
The net income before expenses stood at $139.4 million, down from $146.6 million in the same quarter last year. ADM’s net debt as of Sept. 30 was reported at $2.4 billion, compared to $2.1 billion in the previous year.
Operating expenses for the quarter increased by nine percent to $199.3 million.
ADM is responsible for managing, operating, and developing both the Montréal-Pierre Elliott Trudeau International Airport and the YMX International Aerocity of Mirabel.
