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Canada's airports predicting around $2 billion in lost revenues

BY , Apr 30, 2020 9:34 PM - REPORT AN ERROR

Canada's airports are predicting around $2 billion in lost revenues this year.

Travel restrictions from the COVID-19 pandemic have led to a precipitous decline in demand for plane tickets and, by extension, airport services.

The bottom line, according to the industry, is anticipated losses of between $1.8 billion and $2.2 billion this year.

Airports have resorted to terminal closures and layoffs, and at least six regional airports have lost scheduled passenger service altogether.

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