Latest news with #NAVCANADA
Cision Canada
a day ago
- Business
- Cision Canada
NAV CANADA reports June 2025 traffic figure
OTTAWA, ON, July 21, 2025 /CNW/ - NAV CANADA announced today its traffic figure for the month of June 2025 as measured in weighted charging units for enroute, terminal and oceanic air navigation services, in comparison to the prior year. In June 2025 weighted charging units were higher on average by 4.1 percent compared to the same month in 2024. Weighted charging units represent a traffic measure that reflects the number of billable flights, aircraft size and distance flown in Canadian airspace and is the basis for movement-based service charges, which comprise the vast majority of the Company's air traffic revenue. About NAV CANADA NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace. The Company is internationally recognized for its safety record, and technology innovation.
Cision Canada
10-07-2025
- Business
- Cision Canada
NAV CANADA announces fiscal 2025 third quarter financial results Français
OTTAWA, ON, /CNW/ - NAV CANADA today released its financial results for the three and nine months ended May 31, 2025. In the third quarter of fiscal 2025, the Company saw a further increase in air traffic levels, as measured in weighted charging units (1), of 4.5% on a year over year basis. The Company's revenue for the third quarter of fiscal 2025 was $466 million, compared to $433 million over the same period in fiscal 2024. During this quarter, NAV CANADA's financial performance demonstrated strong operating results, reflecting increased air traffic levels and the Company's commitment to fiscal responsibility. NAV CANADA is proud to have earned prestigious recognitions, including the CANSO level 2 GreenATM Environmental Accreditation and the CANSO Global Safety Achievement Award, underscoring our commitment to excellence, sustainability and safety. "Traffic figures reflect the industry's resilience and operational strength despite recent headwinds," says Mark Cooper, NAV CANADA's President and CEO. "By continuously investing in our people and technology, we are building a foundation for long-term success. We remain focused on maintaining this momentum and delivering value to all our stakeholders." The Company is closely monitoring external events, assessing our risks and positioning ourselves to remain agile amid heightened global uncertainty. The Company had positive free cash flow (2) of $26 million in the third quarter of fiscal 2025 as compared to positive free cash flow of $17 million in the same period in fiscal 2024. The increase in free cash flow is driven by higher receipts of government grants and lower capital investments, partially offset by lower operating cash inflows as compared to the third quarter of fiscal 2024. The Company ended the quarter with a cash balance of $675 million. Operating expenses for the third quarter of fiscal 2025 were $443 million as compared to $418 million over the same period in fiscal 2024, primarily due to higher compensation costs driven by an increase in both wage and staffing levels. Other expenses for the third quarter of fiscal 2025 were $42 million as compared to $19 million over the same period in fiscal 2024, primarily due to change in fair value of the investment in Aireon as well as the impact of changes in the Canadian and U.S. dollar exchange rate on this investment. The Company had a net loss (before net movement in regulatory deferral accounts including rate stabilization) of $19 million in the third quarter of fiscal 2025 as compared to a net loss of $5 million for the third quarter of fiscal 2024. The Company is subject to legislation that regulates its approach to setting charges. The timing of the recovery of certain revenue and expenses through customer service charges is managed through movements in regulatory deferral accounts. The net movement in regulatory deferral accounts for the third quarter of fiscal 2025 was an income of $19 million as compared to an expense of $27 million over the same period in fiscal 2024. As of May 31, 2025, the rate stabilization account had a debit balance of $168 million, which reflects a decrease of $18 million during the quarter. This shortfall is to be recovered from customers through future customer service charges. Associated Links The Company's Financial Statements and Management's Discussion and Analysis for the three and nine months ended May 31, 2025 can be found at: Financial Statements Management's Discussion and Analysis About NAV CANADA NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace. The Company is internationally recognized for its safety record and technology innovation.
NDTV
03-07-2025
- NDTV
Bomb Threats Disrupt Flights at Six Major Canadian Airports
Major Canadian airports were forced to delay some flights Thursday after receiving bomb threats, according to the country's air traffic authority. "Early this morning, NAV CANADA was made aware of bomb threats affecting facilities in Ottawa, Montreal, Edmonton, Winnipeg, Calgary and Vancouver," the authority said on X. "Employees at impacted locations are safe, and a temporary ground stop has been implemented at the affected airports." The US Federal Aviation Administration issued brief ground stops for the airports in Montreal and Ottawa but lifted them around 7:40 a.m. New York time, according to an FAA spokesperson. Ottawa Police said they were investigating a "security incident" at the airport in the nation's capital. The airport's website showed numerous departures have been delayed by an hour or more. An official for Montreal-Trudeau International Airport said the threat had been resolved. "There was a slight impact on the flight schedule in the morning, but at this time, the incident is over and the operations has returned to normal," said spokesperson Eric Forest. A spokesperson for Calgary's airport said the incident had "minimal impact on regular operations."
Yahoo
03-07-2025
- Yahoo
Multiple Canadian airports affected by bomb threats that temporarily ground flights
Multiple Canadian airports faced bomb threats Thursday morning that grounded flights and are expected to cause widespread delays, according to air traffic control manager Nav Canada. "Early this morning, NAV CANADA was made aware of bomb threats affecting facilities in Ottawa, Montreal, Edmonton, Winnipeg, Calgary and Vancouver," Nav Canada said in a statement posted to X around 8:30 a.m. ET. "Employees at impacted locations are safe, and a temporary ground stop has been implemented at the affected airports." In an update posted at 9:18, Nav Canada said service is gradually resuming. "Following the evacuation of a number of our sites and subsequent threat assessment by authorities, service is gradually resuming at affected sites. Travellers are advised to check directly with their airline for the latest updates, as delays are expected. We thank airlines and passengers for their patience as we work towards normal operations," the update said. More to come.
Calgary Herald
03-07-2025
- Calgary Herald
Bomb threats disrupt flights at six major Canadian airports including Calgary
Major Canadian airports were forced to delay some flights Thursday after receiving bomb threats, according to the country's air traffic authority. Article content 'Early this morning, NAV CANADA was made aware of bomb threats affecting facilities in Ottawa, Montreal, Edmonton, Winnipeg, Calgary and Vancouver,' the air traffic authority said on X. 'Employees at impacted locations are safe, and a temporary ground stop has been implemented at the affected airports.' Article content Article content Article content The U.S. Federal Aviation Administration issued brief ground stops for the airports in Montreal and Ottawa but lifted them around 7:40 a.m. New York time, according to an FAA spokesperson. Article content Article content An official for Montreal-Trudeau International Airport said the threat had been resolved. 'There was a slight impact on the flight schedule in the morning, but at this time, the incident is over and the operations has returned to normal,' said spokesperson Eric Forest. Article content
