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Edmonton airport traffic not expected to return to pre-pandemic levels until 2024

coronavirus pandemic.DBRS Limited said the issuer rating and revenue bonds rating has been changed from A (high) to A.It is also forecast that that passenger volumes will not reach pre-coronavirus levels until 2024, though a vaccine could lead to a faster recovery.Before the pandemic, DBRS said passenger volumes had declined by 1.2 per cent to 8.15 million in 2019, largely as a result of the Boeing 737 MAX aircrafts being grounded in March 2019.It also points out economic challenges.

DBRS said it “considers ERAA’s exposure to Alberta’s local economy, including the energy sector and oil price shocks, to be negative for medium-term passenger forecasts.”Domestic traffic accounted for 83 per cent of passenger volumes in 2019, with trans-border.

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