Quebec Airport: “Worse than the worst scenario to be considered”

The management of Gene-Lace International Airport (YQB) in Quebec plans to hit the “bottom of the barrel” in 2021, with only 100,000 passengers expected at this time.

Apparently, the pandemic is damaging Quebec Airport. With 1,789,005 passengers transacted via YQB, estimates for 2021 are down approximately 95% compared to 2019.

On Thursday, management took stock in its last financial year.

Despite the reduction in operating costs, YQB. Recorded losses of 26.7 million. “By returning to profitability”, the establishment expects to cover a deficit of approximately $ 100 million.

In terms of passenger numbers, YQB says in recent months, “reality has become more brutal than the worst scenario ever considered.” The airport closed this year with a total of 535,111 passengers.

Management estimates that it will take at least another five years to cross the 1.7 million passenger mark.

“Obviously, this epidemic has affected all aspects of our operations. This situation calls for great budget austerity and difficult decisions have to be made, ”said Liz Lapierre, chairman of the board of directors.

In recent months, YQB has revised its strategic plan to diversify its revenue sources and ensure its sustainability.