Winnipeg Airports Authority, which operates Winnipeg Richardson International, reported a C$7.4 million ($6.9 million) profit in the 2009 fourth quarter, up 39.6% from C$5.3 million in the year-ago period. Revenue fell 6.6% to C$19.9 million despite a 5.5% increase in passenger traffic. President and CEO Barry Rempel said airlines cut capacity and that "in response, we were able to implement cost-constraint measures and increase other campus revenue which positively impacted our bottom line."
Winnipeg Airports Authority, which operates Winnipeg Richardson International, reported a C$7.4 million ($6.9 million) profit in the 2009 fourth quarter, up 39.6% from C$5.3 million in the year-ago period. Revenue fell 6.6% to C$19.9 million despite a 5.5% increase in passenger traffic. President and CEO Barry Rempel said airlines cut capacity and that "in response, we were able to implement cost-constraint measures and increase other campus revenue which positively impacted our ...
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