The Regina Airport Authority held their annual general meeting last week, where numbers came out proving that 2016 was a bountiful year for YQR. However, the meeting also had a hand in forshadowing what could be ahead for the airport.
The numbers show that the airport saw a passenger increase of 0.6 per cent with a total of 1.62 million passengers in 2016.
Despite the positives passenger-wise, according to Regina Airport Authority president and CEO Dick Graham, the year did not come without its challenges.
Graham told 620 CKRM Source News the fact that the City of Regina may be forced to raise their property taxes, to make up for provincial funding shortfalls, could mean increases for passengers.
“The question is: Just what will the airlines do if we increase our fees? And how will that translate into the price of a ticket?” said Graham. “The answer, in short, is whatever the airlines want to do.”
Graham added that the potential property tax increase of $300,000 will force the airport to adjust charges in other areas as well, just to keep their head above water.
YQR is a not-for-profit, non-shared corporation, which means all the money they make is what keeps the airport up and running.