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

Spiers is top Quesnel bull rider in 2019

A drive for success, a clear mind and injury avoidance have helped the rider this season

Fire claims two historic buildings in downtown Williams Lake

Several other businesses damaged by water used to fight the blaze

Barkerville Gold Mines getting closer to finalizing project description for new mine

The Cariboo Gold Project is a proposed underground mine near Wells with an 11-year mine life

Quesnel man found guilty of first-degree murder in Yukon killing

Edward James Penner, 22, was given the mandatory life sentence for the 2017 slaying of 25-year-old Adam Cormack

PHOTOS: Young protesters in B.C. and beyond demand climate change action

Many demonstaers were kids and teens who skipped school to take part

Walmart to quit selling e-cigarettes amid vaping backlash

U.S.’s largest retailer points to ‘growing’ complications in federal, state and local regulations

Former B.C. lifeguard gets house arrest for possession of child porn

Cees Vanderniet of Grand Forks will serve six months of house arrest, then two years’ probation

Crown alleges resentment of ex-wife drove Oak Bay father to kill his daughters

Patrick Weir alleged in his closing arguments that Andrew Berry is responsible for the deaths of his daughters

How to react to Trudeau’s racist photos? With humility, B.C. prof says

‘We are now treating racism as a crime that you cannot recover from’

‘I’d do it again,’ says B.C. man who swam naked, drunk in Toronto shark tank

David Weaver, of Nelson, was drunk when he went to Ripley’s Aquarium in Toronto on Oct. 12 2018

Victoria man spots online photo of his totem pole 11 years after it was stolen

Mark Trueman restored the pole himself before it was stolen off of his property in Duncan

Trudeau seeks meeting with Singh to apologize for blackface, brownface photos

‘I will be apologizing to him personally as a racialized Canadian,’ Trudeau said Friday

Charges stayed against Alberta RCMP officer in alleged off-duty Whistler assault

Const. Vernon Hagen instead completed an alternative measures program

Most Read