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HIAA Reports 2010 Results: A Year of Celebration and Growth

Fri May 6, 2011

2010 Report Highlights

"In 2010, we celebrated 10 years as an airport authority, 50 years as an airport, had one of our busiest years for passenger and cargo traffic, completed several capital improvement projects, and delivered a positive bottom line," says Tom Ruth, HIAA President & CEO. "Our volunteer program also marked its 10-year anniversary, we attained Airport Service Quality Assured certification and we were ranked as one of the best airports in the world for customer service for the eighth straight year," he says.

HIAA generated $47.3 million in operating revenues and collected $19.7 million in Airport Improvement Fees, for total revenues of $67 million. Total expenses for 2010 were $65.4 million. Overall, revenues exceeded expenses by $1.6 million. The surplus revenue is retained and reinvested in Airport operations and development.

In 2010, HIAA invested $22.7 million in its capital improvement program, including completion of the combined services complex to house HIAA's emergency response services and airfield maintenance teams; upgrades to the terminal building; and Phase Six (a) of the airfield restoration program.

Overall passenger traffic increased by 2.7 per cent to 3,508,153 passengers, compared to 3,417,164 in 2009, making it one of the airport's busiest in its 50-year history. On the cargo side, approximately 28,560 metric tonnes of cargo was processed through the Airport, compared to 26,910 metric tonnes in 2009, up 5.7 per cent.

The latest figures available (2009) show Halifax Stanfield International Airport is worth over $1.22 billion to the Nova Scotia economy on an annual basis.

HIAA also reported on its Community Outreach Program that supported over 300 charities and community projects, including Habitat for Humanity, its signature partner.

- HIAA Corporate Communications

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