by Jen Mallia
Last updated: 12:10 PM ET, Thu August 6, 2026
The Greater Toronto Airport Authority (GTAA) which runs Toronto Pearson International Airport released its Q2 report, showing steady growth at Canada’s biggest airport.
From April to June 2026, passenger traffic increased by 400,000 (3.3 percent) to 12.4 million when compared with the same period in 2025. While numbers continue to be affected by Canadian reluctance to visit the U.S., traffic to the rest of the world and within Canada made up for the loss. Travel during World Cup also contributed to the increase.
"Toronto Pearson delivered steady growth in the second quarter of 2026, supported by domestic demand, international passenger growth and smooth, efficient ecosystem operations during the FIFA World Cup. With passenger volumes up over 3% for the quarter and year-to-date, alongside growth in revenue and EBITDA, these results reflect the competitive position of our airport and the advancement of our strategic priorities," said Deborah Flint, President and CEO.
The airport is also undergoing a revitalization in Terminals 1 and 3, which Flint says strengthens Pearson’s role as a “vital connector for people, businesses and goods,” and is “generating economic impact, while positioning the airport for long-term growth."
Money continues to flow at Pearson, with revenue for the second quarter at $566.6 million, an increase of 8.8 percent. The report attributes the increase in the second quarter to “higher rate and fee, aviation activity and passenger traffic.”
Earnings before interest and financing costs, and amortization ("EBITDA") for the second quarter was $277.2 million. The increase in EBITDA during the second quarter was related to higher revenues associated with the increase in aeronautical fees, AIF, aviation activity, passenger traffic and commercial revenues, partially offset by an increase in operating costs (before amortization), according to the report. Net income during the second quarter was $127.5 million, an increase of 16.2 percent, driven by the increase in revenues offset by the increase in expenses.
As Pearson continues to grow and service more passengers while undergoing the revitalization, it says it will also continue to monitor the global economic and political landscape, and evolve measures to adapt to “economic uncertainty."
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