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

B.C. First Nation Chief Ed John faces historic sex charges

John served as minister for children and families under then-premier Ujjah Dosanjh

Cullen gets $89,000 in post-MP severance

At 55, the former MP will also be eligible for an $82,000 per annum pension

PHOTOS: Masset Remembers

Veterans, the Legion, the RCMP and the town came out to honour all those who have bravely served

Freezing rain warning issued for central Interior Remembrance Day

Highway alerts in place for Begbie Summitt and Pine Pass

Saturday morning earthquake hits waters off Haida Gwaii

No injuries reported, tsunami not expected

B.C. to restrict nicotine content, bring in 20% tax on vaping products

Province will also restrict candy and fruit flavoured vaping products to adult-only stores

‘It’s been 12 years’: Father of murdered B.C. real estate agent pleads for mayor’s help

Lindsay Buziak was stabbed to death on Feb. 2, 2008 in Saanich. Her case is unsolved.

B.C. woman sends fight to reduce preventable medical errors to Victoria

Teri McGrath and South Okanagan senior’s centre members presented 150 signature petition to local MLA

Yelling at your dog might hurt its long-term mental health: study

Researchers find dogs trained using negative reinforcement are more ‘pessimistic’

Transgender inmate in Surrey denied transfer to women’s prison

Petitioner argued denial of transfer to women’s prison was unreasonable and unfair

Community uses loophole to paint 16 rainbow crosswalks after B.C. council says no

So far 11 rainbows are painted and five planned, all since council denied the first proposal in September

Adoption centre closes despite effort to save it; B.C. left with two agencies

Choices Adoption and Pregnancy Counselling in Victoria was set to close in April

NDP Leader Jagmeet Singh meets Trudeau to discuss throne speech

Top ask was the immediate creation of a national universal Pharmacare program

Most Read