TORONTO, Nov. 10, 2025 /CNW/ - The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for the third quarter and the first nine months of 2025. Toronto Pearson, Canada's busiest airport, saw slight growth in its overall passenger volumes, which increased by 0.3 million or 2.3% to 13.1 million for the third quarter and 0.3 million or 0.7% to 35.8 million year-to-date, when compared to the same periods in 2024. This was largely driven by strong domestic growth that was partially offset by declines in the international sector. The international sector was impacted by the ongoing decline in transborder travel. Passenger volume in the third quarter was also impacted by an air carrier labour disruption. Year-to-date passenger volume was also impacted by extreme weather events, and a five-day runway closure due to a single aircraft incident in the first quarter.

"In Q3 2025 we delivered strong growth in the domestic sector, which more than offset the decline in transborder U.S. travel for overall steady growth in passenger volume. As we near the end of this quarter, we expect to see continued progress in our year-over-year performance," said Deborah Flint, President and CEO.

"We are on track to deliver on our 2025 business initiatives, maintaining momentum and driving outcomes, demonstrated by the award of Accelerator program, and the in-flight procurement of the T1/T3 Revitalization and Gateway programs. These are critical elements to progressing our strategy that will position us well in 2026," added Flint.

Toronto Pearson continues to monitor the global economic and political landscape, assess risks, and be ready to adapt amid economic uncertainty.

Key Passenger and Financial Information

Three months ended September 30

Nine months ended September 30

(millions)

2025

2024

Change1

2025

2024

Change1

Passenger Activity

%

%

Domestic

5.2

4.8

0.4

8.3

13.0

12.4

0.6

4.7

International