14
August
2019
|
12:11
Europe/Amsterdam

YVR Maintains One of the World’s Highest Airport Credit Ratings

AA Credit Rating Logo for Standard & Poor

Vancouver Airport Authority has been recognized for its AA Credit Rating for the 14th year in a row by ratings agency Standard & Poor. As a community-based, not-for-profit organization, YVR reinvests its profits back into the airport and the region, driving economic benefits and improving the airport experience for everyone.

YVR’s financial strength is a result of its diverse revenue streamalmost half of its revenue comes from non-aeronautical sources, including YVR’s award-winning BORDERXPRESS™ kiosks, Duty Free sales, concessions, land and terminal rents, parking and more.

The airport is a significant economic generator across the province—facilitating $16.5 billion in total economic output, $8.4 billion in total GDP and $1.4 billion in total government revenue. YVR’s operations generate over 24,000 jobs at the airport and, together with tourism and cargo, the airport supports over 100,000 jobs across B.C.