Toronto Airport Loses $383 Million in 2020 as Passenger Numbers Plunge Due to COVID

An almost-empty Terminal 3 is shown at Pearson International Airport in Toronto, on March 13, 2020. Frank Gunn/The Canadian Press

TORONTO—Canada’s largest airport lost $383 million last year as the number of passengers plunged nearly 74 per cent from 2019 due to the COVID-19 pandemic.

The Greater Toronto Airports Authority says its net loss compared with a $139.8-million profit in 2019 as revenues decreased nearly by half to $823.5 million, from $1.5 billion a year earlier.