Lynx is now offering services from Toronto to Los Angeles and Phoenix, and from Montréal to Las Vegas
TORONTO, July 06, 2023 (GLOBE NEWSWIRE) — Lynx Air (Lynx) is expanding service to its US network this fall, with the addition of routes from Toronto Pearson International (YYZ) to Los Angeles International (LAX) and Phoenix Sky Harbor International (PHX), as well as from Montréal Pierre Trudeau International (YUL) to Las Vegas Harry Reid International (LAS).
The fares are truly ultra-affordable, starting from $129* one way, including taxes. The airline has also launched a limited-time seat sale, offering up to 25 per cent off all base fares to and from the United States, with the promo code FLYUSA. The sale will run until 11:59 PM EDT on July 6, 2023. To book an ultra-affordable fare, please visit FlyLynx.com.
Lynx launched operations to the US earlier this year and already offers routes from Calgary to Los Angeles, Phoenix, and Las Vegas, and from Toronto to Orlando.
With the addition of these new markets, the airline will be offering 98 flights per week in and out of the USA, which equates to more than 18,000 seats.
“We know Canadians love to travel south in search of adventure and sunshine as the weather changes in fall. We are thrilled to be offering an ultra-affordable option connecting Eastern Canada to three of the most popular sun destinations in the Western United States,” said Merren McArthur, CEO of Lynx. “Lynx Air will be the only Ultra Low-Cost Carrier to serve these routes, and we are excited to make these destinations more accessible to travellers from the Toronto and Montréal region. By choosing Lynx, Canadians can save on the journey and spend more at their sun-soaked destination.”
Lynx US Schedule
Flight No.
Effective Date
Frequency
Departure Station
Arrival Station
Y9 640
24-AUG-23
MON-WED-THUR-FRI-SUN
YYZ
LAX
Y9 737
24-AUG-23
MON-WED-THUR-FRI-SUN
LAX
YYZ
Y9 642
12-OCT-23
TUE-THUR-SAT
YYZ
PHX
Y9 711
12-OCT-23
TUE-THUR-SAT
PHX
YYZ
Y9 612
31-AUG-23
MON-THUR-FRI-SUN
YUL
LAS
Y9 709
31-AUG-23
MON-THUR-FRI-SUN
LAS
YUL
Please note that dates are subject to change. Please visit the website for full schedule details.
* Available for a limited time; fares are accurate at the time of release and include taxes and fees, restrictions apply.
About Lynx Air
Lynx Air (Lynx), Canada’s leading ultra-low-cost airline, is on a mission to make air travel accessible to all, with ultra-affordable fares and a customer-focused flying experience. The airline was recently awarded Youngest Fleet in North America by ch-aviation. Lynx operates a brand-new fleet of Boeing 737 aircraft, bringing an elevated customer experience to low-cost travel in Canada. These ultra-efficient and reliable aircraft reduce Lynx’s carbon footprint, making Lynx one of Canada’s most sustainable airlines. Lynx is a privately owned Canadian airline with the financial backing and industry expertise required to transform the Canadian aviation landscape.
Visit FlyLynx.com or connect with Lynx on Facebook, Twitter, or Instagram to learn more
To celebrate, Lynx is offering up to 25 per cent off base fares on all Montréal & Vancouver routes
MONTREAL, June 23, 2023 (GLOBE NEWSWIRE) — Canada’s leading ultra-affordable airline, Lynx Air (Lynx), is launching its inaugural flight from Montréal Pierre Trudeau International Airport (YUL) to Vancouver International Airport (YVR) today.
Today’s inaugural comes just weeks after the launch of Lynx services from Montréal to Calgary and St. John’s, representing a continued expansion of the airline’s footprint in Canada’s second largest city. Lynx will operate twelve services a week between Montréal and Vancouver, taking its total flights in and out of Montréal to 26 flights a week, which is more than 4,900 seats.
Lynx fares are truly ultra-affordable, starting from $89* one way between Montréal and Vancouver, including taxes and fees. To celebrate today’s inaugural flight, Lynx has launched a limited time seat sale offering up to 25 per cent off all Montréal routes and Vancouver routes. The sale starts on June 23 and ends at 11:59 PM PST on June 24, 2023, and can be accessed with the promo code MONTREAL. For sale details, and to book an ultra-affordable fare, visit FlyLynx.com
Says Merren McArthur, CEO of Lynx Air, “We are thrilled to be adding Vancouver to our Montréal network today, following the successful launch of our Montréal services to St. John’s and Calgary earlier this month. Residents of Quebec now have an affordable option to fly to three popular Canadian destinations.”
She adds, “Our continued investment in Quebec reflects the huge opportunity we see in this market, which has been historically underserved by low cost-carriers, and we are excited to make this beautiful province more accessible to Western Canadian communities. Whether you’re travelling to catch up with loved ones, exploring the cobblestone streets of Vieux-Montréal, or taking in Vancouver’s stunning harbour views, Lynx Air will provide a great flying experience at an ultra-affordable price.”
“ADM Aéroports de Montréal is delighted that our new airline, Lynx Air, has added Vancouver to its destinations. This new nonstop service enhances Montreal’s offerings and represents a great opportunity to further develop domestic air services at YUL. Lynx Air continues to position itself in the underdeveloped low-cost niche, which will undoubtedly appeal to both business and leisure travellers wishing to explore Western Canada,” says Stéphane Lapierre, Vice President, Airport Operations and Air Services Development, ADM.
Lynx’s Montréal schedule
Flight No.
Effective Date
Frequency
Departure Station
Arrival Station
Y9 165
23-JUN-23
MON-TUE-THUR-FRI- SAT-SUN
YVR
YUL
Y9 166
23-JUN-23
MON-TUE-THUR-FRI- SAT-SUN
YUL
YVR
Y9 543
07-JUN-23
TUE-THUR-SAT-SUN
YYC
YUL
Y9 542
05-JUN-23
MON-WED-FRI
YUL
YYC
Y9542
05-JUN-23
MON-WED-FRI
YYT
YUL
Y9 543
07-JUN-23
TUE-THUR-SAT-SUN
YUL
YYT
Please note that dates are subject to change. Visit the website for full schedule details.
* Available for a limited time; fares are accurate at the time of release and include taxes and fees, restrictions apply.
About Lynx Air
Lynx Air (Lynx), Canada’s leading ultra-low-cost airline, is on a mission to make air travel accessible to all, with ultra-affordable fares and a customer-focused flying experience. The airline was recently awarded Youngest Fleet in North America by ch-aviation. Lynx operates a brand-new fleet of Boeing 737 aircraft, bringing an elevated customer experience to low-cost travel in Canada. These ultra-efficient and reliable aircraft reduce Lynx’s carbon footprint, making Lynx one of Canada’s most sustainable airlines. Lynx is a privately owned Canadian airline with the financial backing and industry expertise required to transform the Canadian aviation landscape.
MONTRÉAL, June 14, 2023 /CNW/ – ADM Aéroports de Montréal today announced the launch of VOX, an extensive public consultation process to update the 2023-2043 Master Plans for YUL Montréal-Trudeau International Airport and YMX International Aerocity of Mirabel.
VOX will allow citizens and users to easily express their opinions and help shape the airports of tomorrow. Over the coming months, this process will be rolled out in four phases designed to engage and involve the public and stakeholders:
Public consultation focused specifically on the future of YUL via an online platform available now;
Publication of a discussion paper on the key development challenges facing YUL and YMX, and stakeholder consultation for each airport;
Drafting of preliminary Master Plans and validation with stakeholders;
Submission of the final Master Plans and validation by the relevant authorities.
“Our organization has always placed a high value on public engagement, but in recent years we have been determined to do more. The launch of VOX is proof of this,” said Martin Massé, Vice President, Public Affairs and Vice President, Sustainable Development, ADM. “We want to hear from you: airport sites are an integral part of their communities, and your suggestions are essential to the success of this initiative.”
ADM prepares a Master Plan for each of its two sites, which are updated every 10 years. They are a key planning tool for creating a long-term strategy that then serves as a framework for future site development activities, while ensuring the flexibility needed to respond to changing industry conditions.
“This tailor-made engagement approach, inspired by best practices in public consultation, will certainly enhance the planning exercise carried out by our teams. It will enable our organization to make informed decisions based on the long-term aspirations and expectations of our stakeholders and the public,” concluded Mr. Massé.
About Aéroports de Montréal
ADM Aéroports de Montréal is the airport authority for the Greater Montréal area responsible for the management, operation and development of YUL Montréal-Trudeau International Airport, which is certified 4 stars under the Skytrax World Airport Star Rating program, and of YMX International Aerocity of Mirabel.
To celebrate, Lynx is offering residents of Quebec the chance to win a vacation for two to Calgary, Canada’s gateway to the Rockies
MONTREAL, June 05, 2023 (GLOBE NEWSWIRE) — Lynx Air’s first flight from Montréal-Trudeau International Airport (YUL) took to the skies today, destined for Calgary International Airport (YYC).
Today also marks the commencement of Lynx services between St. John’s International Airport (YYT), and Montréal. Lynx’s Montréal network will continue to expand in coming weeks, with the addition of Vancouver International Airport (YVR) on June 23, 2023. At that point, Lynx will be flying 26 flights in and out of Montréal weekly, which equates to 4914 seats.
To celebrate Lynx’s inaugural Montréal service, Canada’s leading ultra-affordable airline is launching a contest, offering the chance to win a free vacation package for two to Calgary, including flights and accommodation. The contest starts on Monday, June 5, 2023, and ends at 11:59 AM EST on Friday, June 9, 2023.
Lynx has also announced a limited-time seat sale, offering up to 35% off base fares for flights to and from Montréal, using the promo code: MONTREAL. The fares are truly ultra-affordable, starting from as low as $59* inclusive of taxes and fees. The sale starts on June 5, 2023 and ends at 11:59 PM EST June 6, 2023. For complete sale and contest details, and to book an ultra-affordable fare, visit FlyLynx.com.
“We are thrilled to be adding Montréal to our domestic network today, bringing our ultra-affordable fares to a community which has historically been underserved by low fare airlines,” said Merren McArthur, CEO of Lynx Air. “Our vision is to inspire more Canadians to fly, and we are proud to be offering an ultra-affordable option for Quebecers to explore some of Canada’s most popular destinations this summer. Montréal is an iconic destination in its own right and we are excited to make this vibrant city more accessible to Canadians. Whether you are traveling to explore the colourful streetscapes of St. John’s or to experience Montréal’s rich cultural heritage, Lynx will ensure a great flying experience at an ultra-affordable price.”
“ADM Aéroports de Montréal is delighted to welcome this service from YUL to Calgary offered by our new airline partner, Lynx Air,” said Stéphane Lapierre, Vice President, Air Operations and Air Service Development, ADM. “This direct route, like the one to St. John’s, represents a great opportunity for YUL to develop its domestic air services. While ADM is constantly seeking to offer its passengers the most diversified range of air services possible, Lynx Air has launched an offering in the under-exploited niche of low-cost flights that will undoubtedly appeal to both business and leisure travellers.”
Lynx’s Montréal schedule:
Flight No.
Effective Date
Frequency
Departure City
Arrival City
Y9 542
05-JUN-23
MON-WED-FRI
YYC
YUL
Y9 543
07-JUN-23
WED-THU-SAT-SUN
YUL
YYC
Y9 543
05-JUN-23
MON-WED-FRI
YYT
YUL
Y9 543
07-JUN-23
WED-THU-SAT-SUN
YUL
YYT
Y9 165
23-JUN-23
MON-TUE-THU-FRI-SAT-SUN
YVR
YUL
Y9 166
23-JUN-23
MON-TUE-THU-FRI-SAT-SUN
YUL
YVR
Please note that dates are subject to change. Visit the website for full schedule details.
* Available for a limited time; fares are accurate at the time of release and include taxes and fees, restrictions apply.
About Lynx Air
Lynx Air (Lynx), Canada’s leading ultra-low-cost airline, is on a mission to make air travel accessible to all, with ultra-affordable fares and a customer-focused flying experience. The airline was recently awarded Youngest Fleet in North America by ch-aviation. Lynx operates a brand-new fleet of Boeing 737 aircraft, bringing an elevated customer experience to low-cost travel in Canada. These ultra-efficient and reliable aircraft reduce Lynx’s carbon footprint, making Lynx one of Canada’s most sustainable airlines. Lynx is a privately owned Canadian airline with the financial backing and industry expertise required to transform the Canadian aviation landscape.
Visit FlyLynx.com or connect with Lynx on Facebook, Twitter, or Instagram to learn more.
Airline expands partnership with Neste for first SAF supply in Europe
MONTREAL, June 3, 2023 /CNW/ – Air Canada completed its inaugural Montreal to Amsterdam flights today, with a Boeing 787 Dreamliner using sustainable aviation fuel.
Coinciding with the launch of Air Canada’s second route from Amsterdam to Canada, the airline is further advancing initiatives in its Climate Action Plan by expanding its partnership with Sustainable Aviation Fuel (SAF) producer Neste in Europe to now incorporate Neste MY Sustainable Aviation FuelTM in some of its flights at Amsterdam Schiphol Airport. Use of SAF could reduce greenhouse gas (GHG) emissions by up to 80%* over the fuel’s life cycle, compared to use of conventional jet fuel. This reduction is calculated based on a full lifecycle assessment.
“We are thrilled to launch our new, non-stop service between Amsterdam and Montreal for summer 2023, which complements our year-round flights between the Dutch capital and Toronto. The start of our flights between Montreal and Amsterdam also marks our first SAF supply in Europe and demonstrates the value of this proven technology. Along with the entire Canadian aviation industry, we believe Canada should invest in SAF production and call upon government and other stakeholders to make this a priority,” said Michael Rousseau, President and Chief Executive Officer at Air Canada.
“For Air Canada, the expansion of our partnership with Neste to supply our first flight from Europe with SAF means that we are taking a step further and offering more SAF through our Leave Less Travel Program on a book and claim basis, further supporting our journey towards our ambitious 2050 net zero emissions goal,” concluded Mr. Rousseau.
Air Canada’s flights between Montreal and Amsterdam are operated on a Boeing 787 Dreamliner aircraft featuring three classes of service. The five times weekly flights for Summer 2023 complement Air Canada’s year-round flights between Toronto and Amsterdam. With up to double daily flights between Canada and Amsterdam from two of Air Canada’s global hubs, customers on both sides of the Atlantic have convenient choices to visit and explore each other’s continents.
* When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology.
Schedule
Flight
From
To
Departs
Arrives
Operates
AC901
Amsterdam (AMS)
Montreal (YUL)
14:00
15:30
Tue, Wed, Thu, Sat, Sun; Jun 3-Oct 15
AC900
Montreal (YUL)
Amsterdam (AMS)
22:10
11:00 + 1 day
Mon, Tue, Wed, Fri, Sat: Jun 2-Oct 14
International Services
Air Canada’s international services onboard widebody aircraft offer a choice of three cabins: Air Canada Signature Class featuring lie-flat individual pods, Premium Economy featuring larger seats with additional leg room and premium services, and Economy featuring complimentary Chef-inspired and designed meals, wines, and beverages. All cabins have award-winning inflight entertainment screens at every seat with hours of complimentary onboard entertainment and the opportunity to purchase wi-fi connectivity. Additionally, all Air Canada Aeroplan members have free texting onboard wi-fi-equipped aircraft.
Air Canada has 27 Maple Leaf Lounges located in North America and worldwide for eligible customers.
Air Canada’s onboard services on international flights include some of the best cuisine Canadian culinary talent has to offer with Air Canada’s panel of celebrity chefs, including renowned Montreal chef Jérôme Ferrer and award-winning, Vancouver-based chefs David Hawksworth and Vikram Vij. Complementing the culinary journey is a selection of top wines chosen by leading Canadian sommelier, Véronique Rivest.
By becoming Aeroplan members, customers will have the opportunity to collect and redeem points with Aeroplan, Canada’s leading loyalty program, when travelling with Air Canada, and eligible customers have access to priority check-in, Maple Leaf Lounges, priority boarding and other benefits.
Air Canada’s Leave Less Travel Program
Air Canada’s Leave Less Travel Program offers corporate customers and cargo freight forwarders with opportunities to offset or reduce GHG emissions related to their business travel or cargo shipments. With the addition of Amsterdam as a SAF supply location, Air Canada can now uplift SAF at Schiphol Airport as it does at San Francisco International Airport. Through a book and claim solution, Air Canada can transfer the environmental attributes of SAF to corporate partners, even if they are not physically connected to these supply sites.
About Air Canada
Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft.
MONTREAL, June 2, 2023 /CNW/ – With the arrival of two flights in Europe today, Air Canada has inaugurated two strategic non-stop routes from its Montreal global hub to Europe. Air Canada’s non-stop, year-round service to Toulouse is the airline’s fourth destination in France and marks the only year-round service between North America and southwestern France, connecting two global aerospace centres, as well as two dynamic francophone cities. Additionally, Air Canada’s seasonal services from Montreal to Copenhagen complement its year-round services to the Danish capital from Toronto.
“We are very excited to have launched our long-awaited, year-round new flights between our Montreal global hub to the French-speaking world, and Toulouse! Not only are we connecting two significant business cities in the international aerospace industry, we are establishing another convenient link to France, and providing travellers from Toulouse connections to a wide variety of destinations via our Montreal hub,” said Mark Galardo, Executive Vice President, Revenue and Network Planning.
“We are thrilled to inaugurate our second route from Canada to Copenhagen, offering travellers from both sides of the Atlantic more choices to visit and explore each other’s countries. Via Copenhagen, a Star Alliance hub, our customers will be able to easily connect to the larger Scandinavian market. These two exciting routes are a further sign of our commitment to Montreal as an important hub in Air Canada’s global network growth,” concluded Mr. Galardo.
“ADM Aéroports de Montréal welcomes the addition of Copenhagen and Toulouse as Air Canada’s latest routes. Service to these two destinations will bolster Montréal’s flight offering and reinforce YUL’s status as a major international hub for air traffic,” ADM CEO Philippe Rainville said. “Both of these cities are important destinations. Copenhagen is a significant gateway to Nordic countries and is home to the beautiful architectural landmarks of the Danish capital for visitors to enjoy. The addition of Toulouse, world capital of aeronautics, will undoubtedly strengthen commercial relationships. This comes as fantastic news for our own aeronautics industry operating out of the YMX International Aerocity of Mirabel, a true beacon of knowledge and expertise for the province of Québec.”
Flights to Toulouse are operated on an Airbus A330 aircraft featuring three classes of service, one of which was recently outfitted with special diagnostics sensors in partnership with In-Service Aircraft for a Global Observing System (IAGOS), an international non-profit organization that utilizes commercial aircraft as a global observation platform of climate change and air quality.
Toulouse is home to one of the main scientific laboratories behind IAGOS, the Laboratoire d’Aérologie, CNRS, and one of the partners of IAGOS, Météo France, is also located in the French city.
Schedule:
Montreal-Toulouse
Flight
From
Departs
To
Arrives
Aircraft
Begins
Operates
Season
AC878
Montreal
19:30
Toulouse
08:45+1
A330-300
Jun. 1
Mon, Wed, Thu, Sat, Sun
Year-round
AC879
Toulouse
13:15
Montreal
15:20
A330-300
Jun. 2
Mon, Tue, Thu, Fri, Sun
Year-round
Montreal-Copenhagen
Flight
From
Departs
To
Arrives
Aircraft
Begins
Operates
Season
AC826
Montreal
17:55
Copenhagen
06:45+1
B787 Dreamliner
Jun. 1
Wed, Thu, Fri, Sat, Sun
Summer
AC827
Copenhagen
13:15
Montreal
15:00
B787 Dreamliner
Jun. 2
Mon, Thu, Fri, Sat, Sun
Summer
International Services
Air Canada’s international services onboard widebody aircraft offer a choice of three cabins: Air Canada Signature Class featuring lie-flat individual pods, Premium Economy featuring larger seats with additional leg room and premium services, and Economy featuring complimentary Chef-inspired and designed meals, wines, and beverages. All cabins have award-winning inflight entertainment screens at every seat with hours of complimentary onboard entertainment and the opportunity to purchase wi-fi connectivity. Additionally, for all Air Canada Aeroplan members there is free texting onboard wi-fi-equipped aircraft.
Air Canada has 27 Maple Leaf Lounges located in North America and worldwide for eligible customers.
Air Canada’s onboard services on international flights showcase some of the best cuisine Canadian culinary talent has to offer with Air Canada’s panel of celebrity chefs, including renowned Montreal chefs Antonio Park and Jérôme Ferrer and award-winning, Vancouver-based chefs David Hawksworth and Vikram Vij. Complementing the culinary journey is a selection of top wines chosen by leading Canadian sommelier, Véronique Rivest.
All customers have the opportunity to collect and redeem points with Aeroplan, Canada’s leading loyalty program, when travelling with Air Canada, and eligible customers have access to priority check-in, Maple Leaf Lounges, priority boarding and other benefits.
About Air Canada
Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada has committed to a net zero emissions goal from all global operations by 2050.
MONTRÉAL, May 4, 2023 /CNW/ – ADM Aéroports de Montréal today announced its consolidated operating results for the quarter ending March 31, 2023. These results are accompanied by passenger traffic data for YUL Montréal-Trudeau International Airport.
Highlights
Passenger traffic at YUL totalled 4.5 million in the first quarter of 2023, up 101.6% compared with the same period of 2022 and representing 96.7% of the traffic for the corresponding period of 2019. The international sector performed well, with 2.2 million passengers in the first quarter, which is 105.9% of the same 2019 period.
EBITDA (excess of revenues over expenses before financial expenses, income taxes, depreciation and impairment, and share of results of joint ventures; see “Non-GAAP measures” section for more information) was $88.7 million for the quarter under review, an increase of $53.7 million over the EBITDA for the same period of 2022.
Capital investments, before grants, were $47.5 million in the first quarter of 2023, compared with $26.1 million for the comparable period of 2022, an increase of $21.4 million, or 82.0%. Grants from the Government of Canada’s Airport Critical Infrastructure Program (ACIP) totalled $24.1 million, compared with $10.1 million for the opening quarter of 2022.
Quote
“The recovery of flight operations continues to gain momentum at YUL Montréal-Trudeau International Airport and the ADM team is working hard to ensure a seamless passenger experience at our facilities as we enter the summer season,” said Philippe Rainville, President and CEO of ADM. “In addition to investing more than $40 million to significantly improve baggage handling and the flow of connecting passengers, we are continuously working on our airport processes, in partnership with the carriers and government agencies. For example, flight schedules have been revised in line with our capacity and measures have been put in place to ensure the efficiency of ground-handling operations. In addition, in an effort to maintain a high quality of service, a job fair was recently held at YUL, attracting over 1,000 visitors to our many partners’ booths. New faces will be joining the teams already in place, ensuring Montréal will be totally ready to welcome visitors from all over the world…as long as the summer weather doesn’t interfere with our plans.”
Financial results
Consolidated revenues were $185.8 million for the first three months of 2023, an increase of $83.0 million, or 80.7%, from the same period in 2022. These positive results are directly attributable to the rebound in passenger traffic that is continuing into 2023.
Operating expenses for the quarter under review were $65.9 million, an increase of $18.9 million, or 40.3%, over the same quarter of 2022. This variance in operating expenses is primarily related to the increase in operating costs for passenger services due to the sustained recovery of activities that is continuing into 2023, and to the decrease in wage subsidies. ADM met the eligibility criteria for the Tourism and Hospitality Recovery Program until March 2022. For the corresponding period of 2022, the amount of wage subsidies under this program totalled $3.2 million and was recorded as a reduction in salaries.
Transfers to governments (payments in lieu of taxes to municipalities [PILT] and rent to Transport Canada) were $31.2 million for the first quarter, and represent 16.8% of the Corporation’s revenues, against $20.8 million and 20.2% for the corresponding quarter of 2022.
Depreciation and impairment of property and equipment and right-of-use assets remained stable at approximately $39.0 million for the opening three months of 2023.
Net financial expenses totalled $24.3 million at March 31, 2023, down by $7.3 million, or 23.1%, compared with the same period of 2022. This variance is primarily due to higher interest rates on investments, combined with a greater amount of available cash.
The excess of revenues over expenses was $25.6 million at March 31, 2023, compared to a deficiency of $35.6 million for the same period in 2022, an improvement $61.2 million or 171.9%.
Financial situation
ADM’s net debt at March 31, 2023, was $2.26 billion, compared to $2.30 billion at December 31, 2022; see the “Non-GAAP Measures” section for more information.
Non-GAAP Measures
ADM sometimes presents financial measures that do not have a meaning prescribed by International Financial Reporting Standards (“IFRS”), referred to as non-GAAP measures. They are therefore unlikely to be comparable to similar measures presented by other companies.
EBITDA EBITDA is defined by ADM as the excess of revenues over expenses before financial expenses, income taxes, depreciation and impairment and share in the results of joint ventures. It is used by management as an indicator to evaluate operational performance. EBITDA is meant to provide additional information and is not intended to replace other performance measures prepared under IFRS.
Net debt Net debt is defined as the difference between the gross balance due on long-term debt, including lease liabilities, and the amount available in cash and cash equivalents as well as the debt service reserve fund.
Key financial measures
Cumulative to March 31
(in millions of dollars)
2023
2022
Variance (%)
Revenues
185.8
102.8
80.7
Operating costs
65.9
47.0
40.3
Payments in lieu of taxes to municipalities (PILT)
10.8
10.5
2.6
Transport Canada rent
20.4
10.3
97.6
Depreciation and impairment of property and equipment and right-of-use assets
39.0
39.2
(0.4)
Net financial expenses
24.3
31.6
(23.1)
Total expenses
160.4
138.6
15.7
Excess (deficiency) of revenues over expenses before share in the results of joint ventures
25.4
(35.8)
171.1
Share in the results of joint ventures
0.2
0.2
23.8
Excess (deficiency) of revenues over expenses
25.6
(35.6)
171.9
EBITDA
88.7
35.0
153.3
(in billions of dollars)
March 31, 2023
December 31, 2022
Variance (%)
Net debt
2.26
2.30
(1.5)
The % variances in the above tables are calculated with results in thousands.
Capital investments
Investments at YUL and YMX in the first quarter of 2023 were funded by operations and grants.
Cumulative to March 31
(in millions of dollars)
2023
2022
Variance (%)
Airport program
Work completed
26.8
11.0
142.7
ACIP grants
(7.6)
–
100.0
Subtotal Airport Program
19.2
11.0
74.9
REM station
Work completed
20.7
15.1
37.0
ACIP grant
(16.5)
(10.1)
63.9
Subtotal REM Station
4.2
5.0
16.7
Total capital investments
23.4
16.0
41.3
The % variances in the above tables are calculated with results in thousands.
Passenger traffic
For the first quarter of 2023, traffic at YUL totalled 4.5 million passengers, an increase of 101.6% over the same period in 2022. International traffic grew by 118.4%, transborder (U.S.) traffic by 116.8%, and domestic traffic by 70.3% compared to the first quarter of 2022.
Passenger traffic for the first three months of 2023 represented 96.7% of the traffic for the corresponding period in 2019, with 86.4% for domestic, 93.9% for transborder and 105.9% for international.
Total passenger traffic*
Aéroports de Montréal
(in thousands)
2023
2022
Variance2023 vs. 2022
2019
2023 as a % of 2019
January
1,487.7
607.0
145.1 %
1,532.2
97.1 %
February
1,383.0
623.2
121.9 %
1,432.6
96.5 %
March
1,653.8
1,014.0
63.1 %
1,712.6
96.6 %
Total
4,524.6
2,244.2
101.6 %
4,677.5
96.7 %
Note: Total passenger traffic includes revenue and non-revenue passengers and amounts are calculated with results in thousands. Source: Aéroports de Montréal
Sustainability at ADM
During this quarter, ADM implemented many initiatives to maintain its commitment to sustainability. Among them, the organization:
Unveiled its very-first Sustainability Plan 1.0. ADM developed a plan that will enable its YUL and YMX sites to become benchmark airports that are safe, influential in their industries, and recognized in the community for their sustainable practices and social responsibility.
Adopted a new policy to phase out certain single-use plastics, such as utensils, food containers, cups and bags, in YUL’s concessions and VIP lounges. The policy, which applies to food and beverages packaged in concessions-owned kitchens, went into effect on March 1 and is part of ADM’s sustainability goals to achieve a 70% recovery rate by 2025 and zero waste by 2030.
Participated in the inauguration of Lion Electric’s new lithium-ion battery manufacturing plant located at the YMX site. The presence of this plant—the first of its kind in Canada—at YMX International Aerocity of Mirabel represents a true pillar for the airport’s transportation electrification and innovation hub. ADM is determined to raise the visibility of this hub locally and internationally in the coming years.
Published its 2022 Sustainability Report based on the GRI (Global Reporting Initiative) standards, and which is part of its integrated Annual Report, including a section on the progress of its sustainable development action plans.
To learn more about ADM’s actions, visit its Sustainability Indicators platform.
About Aéroports de Montréal ADM Aéroports de Montréal is the airport authority for the Greater Montréal area responsible for the management, operation and development of YUL Montréal-Trudeau International Airport, certified 4-stars under the Skytrax World Airport Star Rating program, and YMX International Aerocity of Mirabel.
To celebrate, Lynx is offering up to 50 per cent off base fares on all Montréal routes
CALGARY, Alberta, April 18, 2023 (GLOBE NEWSWIRE) — Lynx Air (Lynx), Canada’s leading low-cost carrier, today announced a further expansion of its Montréal network, with the introduction of services between Montréal and Vancouver from June 23, 2023.
Lynx will offer six flights per week between Montréal Trudeau International Airport (YUL) and Vancouver International Airport (YVR). The airline recently announced services from Montréal to Calgary and St John’s commencing on June 5, 2023. With the addition of Vancouver services, the airline will be operating over 6,400 seats to and from Montréal.
Customers can book with confidence starting today and the fares are truly ultra-affordable, starting from $69* one-way Montréal to/from Vancouver. To celebrate, the airline has launched a limited-time seat sale, offering up to 50 per cent off all base fares on all Montréal routes. The sale will run from April 18, 2023, ending at 11:59 PM EDT on April 19, 2023, and can be accessed with the promo code: MONTREAL. For complete details and to book an ultra-affordable fare, visit FlyLynx.com.
“Vancouver and Montréal are two of Canada’s most iconic tourism destinations, with their rich cultural heritage and stunning natural landscapes. We are thrilled to provide an ultra-affordable option to connect these two beautiful cities”, said Merren McArthur, CEO of Lynx. “Historically Montréal and Quebec have been under-served by low-cost carriers, and Lynx Air aims to change that. We now offer services from three destinations to Montréal, including the recently announced services from Calgary and St John’s. Whether you are travelling to visit friends and family, or to explore one of these vibrant cities, Lynx will ensure a great flying experience at an ultra-affordable price.”
Today’s announcement represents a continuation of Lynx Air’s network ramp-up, as the airline prepares to expand its fleet to 9 brand new Boeing 737 aircraft over the coming months. By Summer 2023, Lynx will serve 16 destinations across North America with over 240 flights per week, which equates to over 45,000 seats.
Lynx Air Summer Schedule
Calgary to/from Fredericton**
Toronto to/from Edmonton
Calgary to/from Halifax**
Toronto to/from Fredericton
Calgary to/from Hamilton
Toronto to/from Halifax
Calgary to/from Kelowna
Toronto to/from Kelowna**
Calgary to/from Las Vegas
Toronto to/from Orlando
Calgary to/from Los Angeles
Toronto to/from St. John’s
Calgary to/from Montréal
Toronto to/from Vancouver
Calgary to/from Phoenix
Toronto to/from Winnipeg
Calgary to/from St. John’s**
Montréal to/from St. John’s
Calgary to/from Toronto
Montréal to/from Vancouver
Calgary to/from Vancouver
Vancouver to/from Winnipeg
Calgary to/from Victoria
Vancouver to/from Hamilton**
Calgary to/from Winnipeg
Edmonton to/from Halifax**
Edmonton to/from St. John’s**
*Available for a limited time; fares are accurate at the time of release and include taxes and fees; fares vary by destination and date. **Operating as through flights with a single boarding pass and baggage transferred to the final destination. Visit the website for full schedule details.
About Lynx Air
Lynx Air (Lynx), Canada’s leading ultra-low-cost airline, is on a mission to make air travel accessible to all, with ultra-affordable fares and a customer-focused flying experience. In its first year, the airline achieved the lowest cancellation rate in Canada and was awarded Youngest Fleet in North America by ch-aviation. Lynx operates a brand-new fleet of Boeing 737 aircraft, bringing an elevated customer experience to low-cost travel in Canada. These ultra-efficient and reliable aircraft reduce Lynx’s carbon footprint, making Lynx one of Canada’s most sustainable airlines. Lynx is a privately owned Canadian airline with the financial backing and industry expertise required to transform the Canadian aviation landscape.
MONTREAL, April 14, 2023 /CNW/ – ADM Aéroports de Montréal is proud to unveil its first ever Sustainability Plan 1.0. As an organization that has grown out of and listens to its community, ADM has chosen to take concrete action by putting sustainable development at the heart of its mission and going beyond basic considerations to do its part in the transformation of the airline industry.
To elevate sustainability to a strategic level, the ADM team identified 26 sustainability challenges ranging from employee health and safety to waste management, greenhouse gas emissions and customer service. A consultation process with 13 internal and external stakeholder groups was then initiated to determine the level of importance attached to each of these challenges.
Based on the results of this process, and a structured analysis of key business risks and United Nations sustainability goals, ADM developed a plan that will enable its YUL and YMX sites to become benchmark airports that are safe, influential in their industries, and recognized in the community for their sustainable practices and social responsibility.
“ADM’s sustainability journey continues to evolve, and this Sustainability Plan 1.0 not only provides our ecosystem with a clear vision for the future, but also engages all stakeholders towards a common goal,” said Martin Massé, Vice President, Sustainable Development, ADM Aéroports de Montréal. “A tremendous amount of necessary work has gone into making ADM a responsible organization and an industry leader. The publication of this plan reinforces ADM’s desire to be more transparent and open about the actions it has taken and will take in the coming years to achieve its ambitious goals.”
For the past two years, ADM has also published an integrated annual report that includes a review of its activities, the organization’s financial picture, and a section on the progress of its sustainable development action plans based on GRI (Global Reporting Initiative) standards. The latest report will be available at the beginning of May. The organization also updates its platform of sustainable development indicators every year.
About Aéroports de Montréal
ADM Aéroports de Montréal is the airport authority for the Greater Montréal area responsible for the management, operation and development of YUL Montréal-Trudeau International Airport, which is certified 4 stars under the Skytrax World Airport Star Rating program, and of YMX International Aerocity of Mirabel.
Five weekly flights to operate from June 2 until Oct. 14, 2023
Timed to optimize North American connectivity through Air Canada’s Montreal global hub
Complements year-round Toronto-Amsterdam service
MONTREAL, March 15, 2023 /CNW/ – Air Canada today announced the addition of new, non-stop seasonal flights between Montreal and Amsterdam for this summer. Flights will operate five-times weekly with the airline’s state-of-the-art Boeing 787 Dreamliner aircraft, and conveniently link to and from Air Canada’s extensive North American network at its Montreal global hub. Seats are available for sale now via aircanada.com, the Air Canada App, Air Canada’s Contact Centres, and through travel agencies.
Air Canada today announced the addition of new, non-stop seasonal flights between Montreal and Amsterdam for this summer. (CNW Group/Air Canada)
“We continue to see strong demand for travel to Europe and we are thrilled to increase service and add new, non-stop service between Montreal and Amsterdam for summer 2023, complementing our year-round service between Toronto and the Dutch capital. With up to double daily flights between Canada and Amsterdam this summer from two of our global hubs, customers on both sides of the Atlantic have an abundance of convenient choices to visit and explore each other’s countries and beyond. Customers can start planning ahead and book with confidence. We look forward to welcoming you onboard,” said Mark Galardo, Senior Vice President Network Planning and Revenue Management at Air Canada.
Air Canada’s newest route from Montreal further strengthens its position as the leading trans-Atlantic carrier serving the city, offering the most destinations and available seats, as well as providing an additional important economic link between the two cities with the Dreamliner’s cargo capabilities.
Flight
From
To
Departs
Arrives
Operates
AC900
Montreal (YUL)
Amsterdam(AMS)
22:10
11:00 + 1day
Mon, Tue, Wed, Fri, SatJun 2-Oct 14
AC901
Amsterdam (AMS)
Montreal (YUL)
14:00
15:30
Tue, Wed, Thu, Sat, SunJun 3-Oct 15
International Services
Air Canada’s international services onboard widebody aircraft offer a choice of three cabins: Air Canada Signature Class featuring lie-flat individual pods, Premium Economy featuring larger seats with additional leg room and premium services, and Economy featuring complimentary Chef-inspired and designed meals, wines and beverages. All cabins have inflight entertainment screens at every seat with hours of complimentary onboard entertainment and the opportunity to purchase wi-fi connectivity.
Air Canada has 23 Maple Leaf Lounges located in North America and worldwide for eligible customers.
Air Canada’s onboard services on international flights departing Canada showcase some of the best cuisine Canadian culinary talent has to offer with Air Canada’s panel of celebrity chefs, including award- winning, Vancouver-based chefs David Hawksworth and Vikram Vij, and renowned Montreal chefs Antonio Park and Jérôme Ferrer. Complementing the culinary journey is a selection of top wines chosen by leading Canadian sommelier, Véronique Rivest.
All customers have the opportunity to collect and redeem points with Aeroplan, Canada’s leading loyalty program, when travelling with Air Canada, and eligible customers have access to priority check-in, Maple Leaf Lounges, priority boarding and other benefits.
About Air Canada
Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada has committed to a net zero emissions goal from all global operations by 2050. Air Canada shares are publicly traded on the TSX in Canada and the OCTQX in the US.
