FlyerTalk Forums - View Single Post - YYZ -- highest landing fees in the world
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Old Apr 24, 2013 | 10:49 pm
  #6  
Swarez
10 Years on Site
 
Join Date: Mar 2013
Location: YYZ
Programs: Aeroplan, 50K Altitude, Nexus
Posts: 345
^^Wages are there 4th biggest expenditure on there financial reports. I never looked at other airports, but would assume most would have similar types of wages?

Depreciation, COGS and Ground rent are all bigger. The Rent is the kicker for me, I know GTAA wanted to buy land for several years and apparently they have paid in "rent" 5x more than land is worth. One of many reasons we prob. get screwed in terms of fees.

I have a friend there in HR, and he has said ever since they got there new ceo or pres (can't remember which) a couple years ago everything is getting better. Apparently he actually has plans and knows what he is doing compared to previous guy. He also said there have been cuts in fee's for 3 straight years, taking us all the way down to #2 haha.

Will take time to correct something that big, but hopefully it gets better/cheaper.

BTW here is there financials if anyone cares:

http://www.torontopearson.com/upload...financials.pdf
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