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

Just Posted

City commissions another fire hall roof study

Fernie City Council has authorized staff to reallocate the existing budget from… Continue reading

Pride Festival just around the corner

The Fernie and Elk Valley Pride Festival is just around the corner,… Continue reading

Kootenay Learning Campus opens in Fernie

School District 5 celebrated the grand opening and ribbon cutting of the… Continue reading

Diamond of the Elk Valley turns 30

Island Lake Lodge, located only 14 km from Fernie, is celebrating its 30th anniversary this year.

Kootenay-Columbia incumbent MP responds to Trudeau brownface scandal

Stetski proud of NDP leader Singh’s reaction, which focused on people not power

VIDEO: A moment to remember during the World Lacrosse Men’s Indoor Championship in B.C.

Diego Hernandez Valenzuela’s team lost, but he felt like a winner Saturday

Fernie Fire Department celebrates FireSmart education

“The greatest safety is a neighbourhood that is FireSmart,” said Alan Westhaver.

Trails in Fernie’s Ridgemont area reopen

Fernie Trails Alliance urging trail users to abide by and obey closures still in place

B.C. Lions hype-man marks 15 years of cheers

Crazy P cheers, chants, bangs his drum and spreads a message of love

PHOTOS: Steller sea lion with plastic around neck rescued on Vancouver Island

Rescue staff determined the plastic band cut the protected animal’s neck approximately two inches

B.C. VIEWS: School officials join fact-free ‘climate strike’

Students, public get distorted picture of greenhouse gases

Handgun crackdown, health spending and transit plans latest campaign promises

Friday was the end of a busy week on the campaign trail

B.C. woman photographs massive ant swarm on Abbotsford driveway

She asked what the ants were doing? The answer: war

Most Read