
Air travellers face higher airport fees following pandemic disruptions
BNN Bloomberg
Canadian travellers are facing increased airport fees after the pandemic grounded revenues and led to more debt for airports across the country.
DBRS Morningstar says COVID-19 disrupted the airport sector's "relatively stable" and resilient business model.
The credit rating agency's analysis shows that while airlines received significant financial aid during the height of the pandemic, airport authorities only benefited from "modest" support.
That means Canadian airports have added around $3.2 billion in combined debt.
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