Passenger traffic at Halifax airport again down 75% from pre-pandemic
BNN Bloomberg
For the second year in a row, passenger traffic at Halifax Stanfield International Airport in 2021 was down 75 per cent from pre-pandemic levels.
HALIFAX -- For the second year in a row, passenger traffic at Halifax Stanfield International Airport in 2021 was down 75 per cent from pre-pandemic levels.
As a result, Atlantic Canada's busiest airport continued to record significant financial losses, despite a spike in business last summer when COVID-19 infection rates dropped, vaccination rates rose and travel restrictions were temporarily lifted.
More passengers were served during the month of August than January to July combined.
The Halifax International Airport Authority says that by the end of 2021, with the Omicron variant causing a huge increase in COVID-19 infections, the airport once again returned to 30 per cent of pre-pandemic levels.
In all, 1.1 million passengers travelled through the airport last year, compared with the 4.2 million passengers welcomed in 2019 before the pandemic hit.
Official financial results for 2021 have yet to be released, but the airport authority's financial loss is expected to be a marginal improvement from the $40 million loss reported in 2020, when there were just under 1 million passengers.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
Top Picks from Greg Newman, Senior Wealth Advisor & Portfolio Manager, Newman Group, ScotiaMcLeod