Charlottetown Airport has $114-million impact on Island economy
A recent economic impact analysis done on Charlottetown Airport shows that businesses and services related to the airport made a $114-million contribution to provincial economic gross output in 2015.
The study findings were released at the annual public meeting of Charlottetown Airport Authority on Tuesday.
"We are obviously delighted with the economic impact findings," says Doug Newson, CEO of the authority. "Linked to the economic gross output are some 680 full-time equivalent jobs and $36.5-million in annual wages and salaries."
Newson said that the airport's economic contribution to the province will grow even more with the announcement of a 3-year Runway Improvement Program that is planned to take place from 2016-2018.
"Those project costs are estimated in the range of $20 million," says Newson. "And most of those dollars will be spent with Island businesses employing Island workers."
Passenger travel numbers for 2015 were also released. The 316,628 arriving and departing passengers last year were on par with the record-breaking passenger numbers in 2014 and the 150th Charlottetown Conference anniversary celebrations.
"We had solid passenger traffic in 2015 and we are off to a good start in 2016," says Newson. "Demand remains strong and seat capacity is up overall by more than 15 per cent. That's due, in part, to WestJet’s new weekly winter service to Florida, and to Air Canada rouge™, who began non-stop service, twice daily, between Charlottetown and Toronto this month with larger Airbus A319 aircraft."
The 2015 Charlottetown Airport Authority annual report is available electronically here.