Toronto Pearson Q1 Traffic Dips 2% Amid Softer Demand, Extreme Weather

Toronto Pearson International Airport (YYZ) saw a 2% drop in passenger traffic in the first quarter of 2025, with 10.7 million travellers passing through its terminals—down from 10.9 million during the same period last year, according to the Greater Toronto Airports Authority (GTAA).

The GTAA cited softer demand in both international and domestic markets, compounded by extreme weather and a five-day runway closure in February due to an aircraft incident.

RELATED: 

Air Traffic Delays Continue at YYZ

“Our performance in the first quarter has been marginally affected by the operational events in February as well as the current global economic and political landscape,” said GTAA President and CEO Deborah Flint.

“These pressures have resulted in a 2% decline in total year over year passenger traffic.”

Despite the dip in passengers, the airport reported a 4% increase in revenue, rising to $487.4 million. However, net income fell by 5.6% to $69.5 million, and EBITDA declined slightly by 1% to $216.9 million. Free cash flow rose to $130.8 million, boosted by stronger operating cash flow.

“We continue to make steady progress on our growth strategy as we build for the future,” Flint added.

“Pearson’s economic contribution to the region is substantial, and we remain focused on strengthening our connectivity as a global hub airport.”

The GTAA said it continues to monitor global conditions and remains prepared to adapt to ongoing economic uncertainty driven by tariffs and geopolitical tensions.

Topics From This Article to Explore