Craig Richmond, president and CEO of the Vancouver Airport Authority, announced to the Greater Vancouver Board of Trade on Sept. 12 that the Vancouver International Airport Improvement Fee is increasing. (Vancouver Airport Authority photo)

Another $5 jump in airport fee to fly out of B.C. at YVR

Airlines will start charging the new rate on Dec. 12 for travel Jan. 1, 2020 onward

The Vancouver International Airport announced Thursday it’s increasing the airport improvement fee.

The charge, included in the taxes on each departing ticket, will rise from $20 to $25 for passengers travelling outside of the province, effective Dec. 12 for travel from Jan. 1, 2020 onward.

Passengers travelling within B.C. and to the Yukon will continue to pay the discounted rate of $5.

Craig Richmond, president and CEO of the Vancouver Airport Authority, said the increase might not be popular, but it’s “absolutely necessary” for the airport’s long-term financial health.

“When we looked out at our capital asset requirements, our debt load and interest coverage ratio, our anticipated passenger traffic and thus aeronautical and non-aeronautical revenue, we determined an increase is necessary to ensure the long-term financial health of the airport,” Richmond said, making the announcement in an address to the Greater Vancouver Board of Trade.

READ MORE: Vancouver International Airport to get $9B expansion

According to a news release, YVR earns revenue from three main sources: aeronautical revenue (25 per cent), non-aeronautical revenue (44 per cent) and the airport improvement fee (31 per cent), as of 2018.

“If we took away the [fee], YVR wouldn’t be able to keep up,” Richmond said. “We wouldn’t be able to make sound decisions that have the success of future generations in mind or meet regulatory requirements.”

Infrastructure would wear down, the passenger experience would decline and people would choose other airports for connections, he said.

The fee will still be one of the lowest among the eight major Canadian airports, with only the Ottawa International Airport collecting a lower fee of $23.

Screenshot from Vancouver Airport Authority backgrounder.

The fee was first introduced in 1993 and can only be used to pay for capital infrastructure projects, such as terminals and runways. In 2012, it went up from $15 to $20.

YVR has collected $2.2 billion from it and spent $3.7 billion on capital projects since its inception.

READ MORE: $5 jump in airport fee to fly out of B.C. at YVR



karissa.gall@blackpress.ca

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Deaths on popular Shuswap trail ruled accidental

B.C. Coroners Service reports on fatal falls in May and July 2019

Update: Highway 1 between Salmon Arm and Sicamous partially reopens

Westbound traffic delayed as crews recover a vehicle

UPDATE: Protesters say they will maintain blockade near Chase “as long as it takes”

Goal is to see RCMP removed from Wet’suwet’en territory

Potholes plentiful in Salmon Arm’s industrial park

City says patching effort underway, residents can report potholes on city’s website

Shuswap housing too expensive? Neighbourhood crime a concern? Input wanted

Survey asks CSRD residents to weigh in on the affordability and availability of housing in the area.

Swinging with the Stars: Team Crimson

Swinging with the Stars raises funds for the Central Okanagan Hospice Association

Petition seeks to remove local police department from Lindsay Buziak murder case

American woman starts online petition in hopes of helping Buziak family

Study says flu vaccine protected most people during unusual influenza season

Test-negative method was pioneered by the BC Centre for Disease Control in 2004

Saskatchewan and B.C. reach championship round at Scotties

British Columbia’s Corryn Brown locked up the last berth in Pool B

‘Chain reaction pile up’ closes southbound traffic on Coquihalla Highway

Black Press Media has reached out to RCMP, paramedics for details

Federal minister to speak in North Okanagan

Greater Vernon Chamber welcomes middle class prosperity minister to talk money

B.C. lawyer, professor look to piloting a mental-health court

In November, Nova Scotia’s mental-health court program marked 10 years of existence

EDITORIAL: Thoughtless posts to Facebook cause real harm and stress

At the risk of resembling a broken record, it needs to be… Continue reading

COLUMN: Not an expert on First Nations government structures? Then maybe you should calm down

Consider your knowledge about First Nations governance structures before getting really, really mad

Most Read