OTTAWA, ON, April 22, 2025 /CNW/ – NAV CANADA announced today its traffic figure for the month of March 2025 as measured in weighted charging units for enroute, terminal and oceanic air navigation services, in comparison to the prior year.
In March 2025 weighted charging units were higher on average by 5.5 percent compared to the same month in 2024.
Weighted charging units represent a traffic measure that reflects the number of billable flights, aircraft size and distance flown in Canadian airspace and is the basis for movement-based service charges, which comprise the vast majority of the Company’s air traffic revenue.
About NAV CANADA
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record, and technology innovation.
OTTAWA, ON, April 11, 2025 /CNW/ – NAV CANADA today announced the retirement of Donna Mathieu, Vice President and Chief Financial Officer, effective October 31st, 2025.
Donna Mathieu has held the position since January 2022 after progressively senior roles since joining NAV CANADA in 2003. She served NAV CANADA for more than 21 years, having provided executive leadership and direction to NAV CANADA’s Finance Department, overseeing all aspects of the finance function, including the pension plan, issuance of public debt in support of the Company’s capital and operating programs. Her thoughtful leadership, financial acumen, and commitment to excellence have made a lasting impact on the organization.
“NAV CANADA has benefited enormously from Donna’s strategic insight and dedication,” said Mark Cooper, President and CEO. “She has helped guide the company through major financial milestones and has been a trusted advisor and leader throughout her career here. We thank her for her outstanding contributions and wish her all the best in retirement.”
NAV CANADA will soon initiate a process to identify a successor, with a focus on ensuring a seamless transition in the months ahead.
About NAV CANADA
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record, and technology innovation.
OTTAWA, ON, April 10, 2025 /CNW/ – NAV CANADA today released its financial results for the three and six months ended February 28, 2025.
In the second quarter of fiscal 2025, the Company saw air traffic levels, as measured in weighted charging units, increase by 1.3% on a year over year basis. Excluding the effect of an extra day for the leap year in fiscal 2024, air traffic levels were 2.5% higher. The Company’s revenue for the second quarter of fiscal 2025 was $396 million, compared to $393 million over the same period in fiscal 2024.
“In response to the aviation industry’s dynamic landscape and ongoing modernization initiatives, we remain committed to proactive cost management while moving forward with strategic investments that will improve our long-term financial resilience,” says Mark Cooper, NAV CANADA, President and CEO. “In the current global economic context, it is more important than ever for us to optimize our operations to deliver exceptional service to our customers and position ourselves to most effectively meet the evolving needs of the industry.”
The Company had negative free cash flow of $69 million in the second quarter of fiscal 2025 as compared to negative free cash flow of $28 million in the same period in fiscal 2024. The decrease in free cash flow is driven by higher capital investments and higher operating cash outflows as compared to the second quarter of fiscal 2024. The Company ended the quarter with a cash balance of $664 million.
Operating expenses for the second quarter of fiscal 2025 were $423 million as compared to $435 million over the same period in fiscal 2024, primarily due to the asset impairment in fiscal 2024 partially offset by higher compensation costs driven by an increase in both wage and staffing levels.
Other expenses for the second quarter of fiscal 2025 were $8 million as compared to $24 million over the same period in fiscal 2024, primarily due to the impact of changes in the Canadian and U.S. dollar exchange rate on the investment in Aireon as well as the impact of the asset impairment in fiscal 2024.
The Company had a net loss (before net movement in regulatory deferral accounts including rate stabilization) of $35 million in the second quarter of fiscal 2025 as compared to a net loss of $66 million for the second quarter of fiscal 2024.
The Company is subject to legislation that regulates its approach to setting charges. The timing of the recovery of certain revenue and expenses through customer service charges is managed through movements in regulatory deferral accounts. The net movement in regulatory deferral accounts for the second quarter of fiscal 2025 was an expense of $35 million as compared to an expense of $30 million over the same period in fiscal 2024.
As at February 28, 2025, the rate stabilization account had a debit balance of $186 million, which reflects an increase of $34 million during the quarter. This shortfall is to be recovered from customers through future customer service charges.
Associated Links
The Company’s Financial Statements and Management’s Discussion and Analysis for the three and six months ended February 28, 2025 can be found at:
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record and technology innovation.
OTTAWA, ON, April 8, 2025 /CNW/ – NAV CANADA announced today its traffic figure for the month of February 2025 as measured in weighted charging units for enroute, terminal and oceanic air navigation services, in comparison to the prior year.
In February 2025 weighted charging units were lower on average by 3.6 percent compared to the same month in 2024. Due to 2024 being a leap year, February 2024 had an additional day compared to February 2025. If adjusting to remove the contribution of the 2024 leap day, February 2025 weighted charging units were 0.1 percent lower than the same month in the previous year.
Weighted charging units represent a traffic measure that reflects the number of billable flights, aircraft size and distance flown in Canadian airspace and is the basis for movement-based service charges, which comprise the vast majority of the Company’s air traffic revenue.
About NAV CANADA
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record, and technology innovation.
OTTAWA, ON, March 4, 2025 /CNW/ – NAV CANADA proudly announced today that it has been named one of NCR’s (National Capital Region) top employers for 2025.
This prestigious recognition from the Career Directory underscores the organization’s leadership in fostering an exceptional workplace and delivering progressive programs that support employees’ growth, well-being, and success.
Having previously secured a place on this distinguished list for five consecutive years from 2014 to 2019, NAV CANADA’s return to the ranking reaffirms its steadfast commitment to cultivating a positive workplace culture. This achievement reflects the organization’s ongoing dedication to attracting, developing, and retaining top talent while fostering an inclusive and supportive work environment.
The organization has implemented a range of initiatives designed to support its workforce, including a NAV CANADA Bravo Recognition Program for celebrating employee contributions and achievements and Wellness Programs to prioritize overall employee well-being. Additionally, NAV CANADA implemented a Diversity, Equity, Inclusion, and Belonging (DEIB) Strategy to foster an inclusive workplace culture.
“By championing our values, we aim to build a workplace where everyone can bring their best selves to work each day,” says Diana Kelly VP & Chief Human Resources Officer at NAV CANADA. “NAV CANADA is committed to supporting its employees by fostering a culture of care and creating a safe environment where they feel respected, heard and empowered to thrive both personally and professionally.”
Looking forward, NAV CANADA remains committed to attracting and retaining top talent. As part of this effort, the organization has been included in the Top Employers Careers Directory, providing prospective candidates with greater insight into the workplace culture, values, and benefits that make NAV CANADA an employer of choice.
To learn more about why NAV CANADA was selected as one of the NCR’s Top Employers for 2025, visit link.
About NAV CANADA
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record, and technology innovation.
OTTAWA, ON, Feb. 14, 2025 /CNW/ – NAV CANADA announced today its traffic figure for the month of January 2025 as measured in weighted charging units for enroute, terminal and oceanic air navigation services, in comparison to the prior year.
In January 2025 weighted charging units were higher on average by 3.8 percent compared to the same month in 2024.
Weighted charging units represent a traffic measure that reflects the number of billable flights, aircraft size and distance flown in Canadian airspace and is the basis for movement-based service charges, which comprise the vast majority of the Company’s air traffic revenue.
About NAV CANADA
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record, and technology innovation.
The recently opened training centre on CAE’s campus in Montreal marks a broadening of CAE’s training portfolio
MONTREAL, Jan. 16, 2025 /CNW/ – (NYSE: CAE) (TSX: CAE) – Today, global aviation training leader CAE has inaugurated its first Air Traffic Services (ATS) Training Centre, on its campus in Montreal, Canada. As the largest provider of civil aviation training worldwide, CAE trains pilots, aircraft maintenance technicians, and cabin crew. Last October, CAE started partnering in the training of air traffic controllers (ATC) and flight service specialists (FSS) with NAV CANADA.
“We are thrilled to officially inaugurate CAE’s first ATS training centre in collaboration with NAV CANADA. As an innovator in aviation learning sciences, CAE is perfectly positioned to partner with NAV CANADA and other Air Navigation Service Providers (ANSP) to meet the increasing global demand for air traffic services personnel and train the highly skilled professionals they need to manage air traffic safely,” said CAE President and CEO Marc Parent. “This is an extension of CAE’s core mission to make the world safer, and as a pilot, I can attest to the critical importance of the communication between flight crew and the air traffic personnel who play an essential role in the safety of every flight.”
“Air travel is a cornerstone of Canada’s social and economic vitality, with NAV CANADA positioned at the crossroads of international traffic, connecting communities and businesses globally,” said Mark Cooper, President and CEO of NAV CANADA. “This partnership with CAE exemplifies our dedication to operational excellence, ensuring safe and efficient air navigation while preparing for the future of aviation through innovative training and collaboration.”
CAE’s first partnership in the air traffic services sector is with the world’s first fully private ANSP, and second largest in terms of the size of its airspace, NAV CANADA.
The first students began their training at the new facility in October 2024, with CAE aiming to train approximately 500 air traffic professionals by 2028. CAE’s instructors deliver initial training for air traffic controllers and flight service specialists to students coming from across Canada using NAV CANADA’s training curriculum and courseware. NAV CANADA will continue to deliver basic training, all specialty courses, and on-the-job training, with the latter part of Air Traffic Services training solely offered by NAV CANADA.
“We are very proud of this first partnership with NAV CANADA and are excited to help them train more air traffic controllers and flight service specialists over the coming three years,” said Marie-Christine Cloutier, Vice President – Strategy, Performance & Marketing at CAE and Head of CAE’s new Air Traffic Services (ATS) division. “As ANSPs accelerate their airspace modernization efforts, it is critical that equal emphasis is placed on training innovation to prepare the next generation of air traffic personnel. CAE’s turn-key expertise in competency-based training design, advanced instructional delivery, and data-driven technologies can support ANSPs in this transformation.”
CAE has extensive experience and a strong understanding of global regulatory requirements, enabling the expansion of Approved Training Organizations across various authorities. The company intends to leverage its existing global footprint of over 70 facilities on five continents and expand its infrastructure to incorporate ATS training wherever there is demand.
Photos of the new Air Traffic Services Training Centre are available on CAE’s website.
About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we’ll make sure our customers are ready for the moments that matter.
OTTAWA, ON, Jan. 15, 2025 /CNW/ – NAV CANADA announced today its traffic figure for the month of December 2024 as measured in weighted charging units for enroute, terminal and oceanic air navigation services, in comparison to the prior year.
In December 2024 weighted charging units were higher on average by 3.4 percent compared to the same month in 2023.
Weighted charging units represent a traffic measure that reflects the number of billable flights, aircraft size and distance flown in Canadian airspace and is the basis for movement-based service charges, which comprise the vast majority of the Company’s air traffic revenue.
About NAV CANADA
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record, and technology innovation.
OTTAWA, ON, Jan. 8, 2025 /CNW/ – NAV CANADA today released its financial results for the three months ended November 30, 2024.
In the first quarter of fiscal 2025, the Company saw air traffic levels, as measured in weighted charging units, increase by 3.6% on a year over year basis. The Company’s revenue for the first quarter of fiscal 2025 was $449 million, compared to $464 million over the same period in fiscal 2024.
The Company had positive free cash flow of $83 million in the first quarter of fiscal 2025 as compared to positive free cash flow of $98 million in the same period in fiscal 2024. The decrease in free cash flow is driven by lower operating cash inflows and higher capital investments as compared to the first quarter of fiscal 2024. The Company ended the quarter with a cash balance of $731 million.
“As I step into the CEO role, my vision is clear: NAV CANADA will continue to prioritize safety, propel innovation, and enhance service to our customers in this next chapter,” says Mark Cooper, NAV CANADA, President, and CEO. “We are committed to fostering a thriving culture and workplace where collaboration and innovation grow. Together, we are building on our strengths to create greater value for our customers, employees, and stakeholders.”
Operating expenses for the first quarter of fiscal 2025 were $428 million as compared to $381 million over the same period in fiscal 2024, primarily due to higher compensation costs driven by an increase in both staffing and wage levels as well as increased costs related to system maintenance and development.
Other income and expenses for the first quarter of fiscal 2025 was income of $4 million as compared to expenses of $17 million over the same period in fiscal 2024, primarily due to an increase in the fair value of the Company’s investment in Aireon.
The Company had a net income (before net movement in regulatory deferral accounts including rate stabilization) of $25 million in the first quarter of fiscal 2025 as compared to net income of $66 million for the first quarter of fiscal 2024.
The Company is subject to legislation that regulates its approach to setting charges. The timing of the recovery of certain revenue and expenses through customer service charges is managed through movements in regulatory deferral accounts. The net movement in regulatory deferral accounts for the first quarter of fiscal 2025 was an expense of $25 million as compared to an expense of $45 million over the same period in fiscal 2024. This change in regulatory deferrals is primarily due to a decrease in favourable rate stabilization adjustments of $34 million and a $14 million net decrease in adjustments required to align the accounting recognition of certain transactions to the periods in which they will be considered for rate setting, mainly due to the deferral, for rate setting purposes, of the increase in the fair value of the Company’s investment in Aireon. As at November 30, 2024, the rate stabilization account had a balance of $152 million to be recovered from customers through future customer service charges.
Associated Links
The Company’s Financial Statements and Management’s Discussion and Analysis for the three months ended November 30, 2024 can be found at:
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record and technology innovation.
OTTAWA, ON, Dec. 19, 2024 /CNW/ – NAV CANADA today announced it will proceed with its proposal to change customer service charges consistent with the Notice issued September 20, 2024.
Context
On January 1, 2024, NAV CANADA implemented an average net decrease in service charges of 5.57% consisting of a Base Rate decrease averaging 9.33% and a new Temporary Rate averaging 3.76% to recover the Rate Stabilization Account (“RSA”) shortfall over a five-year period. Since that rate change was implemented, continuing downside uncertainties for the aviation industry necessitated a downward adjustment to our medium-term air traffic forecast. Taking this revised forecast into account, our budgeted growth in costs in fiscal 2025, which are due in large part to investments in operational training and staffing, is projected to exceed revenue generated by the volume of air traffic. This necessitates an increase in Base Rates. As a partially mitigating factor, cost management efforts and higher than planned other revenue in fiscal 2024, enabled us to allocate a portion of the recovery of our RSA to partially offset the impact on service charge rates in fiscal 2025.
Revised Service Charges
The revised service charges have two components: (i) a Base Rate adjustment to recover NAV CANADA’s anticipated fiscal 2025 costs less a portion of the RSA surplus in fiscal 2024, by service; and (ii) an average Temporary Rate decrease to reduce the amount of the historical RSA shortfall to be recovered in fiscal 2025. The overall average net increase in service charges of 3.73% includes an average Base Rate increase of 4.99% and an average Temporary Rate decrease of 26.73% compared to existing rates. The rate adjustments vary by service category, depending on how much the revenue generated by each charge deviates from its breakeven level for fiscal 2025 after reflecting a portion of the higher than planned RSA recovery in fiscal 2024, as well as how much it has contributed to the remaining RSA shortfall balance. These revised charges will become effective on January 1, 2025 except as otherwise noted.
The proposal to revise charges was released on September 20, 2024 and NAV CANADA provided sixty (60) days to receive representations from users. We have reflected on the representations received and have identified opportunities to further improve engagement activities with stakeholders to enhance discussions on our strategy, benefits and costs.
Details of NAV CANADA’s revised service charges are available here:
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace. The Company is internationally recognized for its safety record and technology innovation.
