YYZ Revenue Down $823M Last Year, 500 Staff Laid Off

The Greater Toronto Airports Authority, which operates YYZ, underwent a major restructuring in 2020, laying off 500 people as a result of financial losses due to the pandemic. In the past year, the airport has seen a loss of $823 million in revenue. The restructuring resulted in a 27-per-cent reduction in staff, while air passenger traffic is down 88 per cent.

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