Montréal-Trudeau welcomed over 19.4 million passengers in 2018, an increase of 6.6% over the previous year. With all signs pointing to the fact that traffic will continue to grow, we need to ensure we have the human and financial capacity to deploy solutions in the short, medium and long term.
We are aware that we require the talent and resources necessary to tackle growth challenges. This is why we are working on workforce and succession planning. We are also aware of the pressure that these challenges place on employees, and we care about their physical and mental health.
Our revenue comes from our aeronautical and non-aeronautical activities (e.g. parking and stores), and leasing. The net profits generated are 100% reinvested in developing our infrastructure and services.
Projects planned for the next five years will require investments of around $2.5 billion. We are able to finance these investments by the increase in revenue from traffic as well as an increase in our long-term debt, while maintaining our A1 credit rating.
For the long term, we acknowledge the federal government’s efforts to find solutions to ensure the development of major Canadian airports, but we are concerned about the impact of a new governance framework on our cost structure and the quality of our customer service. We are therefore in close contact with authorities to monitor the situation carefully.