NAV CANADA announces fiscal 2025 second quarter financial results

OTTAWA, ON, April 10, 2025 /CNW/ - NAV CANADA today released its financial results for the three and six months ended February 28, 2025.

In the second quarter of fiscal 2025, the Company saw air traffic levels, as measured in weighted charging units(1), increase by 1.3% on a year over year basis. Excluding the effect of an extra day for the leap year in fiscal 2024, air traffic levels were 2.5% higher. The Company's revenue for the second quarter of fiscal 2025 was $396 million, compared to $393 million over the same period in fiscal 2024.

"In response to the aviation industry's dynamic landscape and ongoing modernization initiatives, we remain committed to proactive cost management while moving forward with strategic investments that will improve our long-term financial resilience," says Mark Cooper, NAV CANADA, President and CEO. "In the current global economic context, it is more important than ever for us to optimize our operations to deliver exceptional service to our customers and position ourselves to most effectively meet the evolving needs of the industry."

The Company ...

https://www.benzinga.com/pressreleases/25/04/n44750579/nav-canada-announces-fiscal-2025-second-quarter-financial-results