Airport Updates: Latest News On The Global Market (W/C May 12, 2025)

Aviation Week
Aaron Karp
12 May 2025

The latest news on airports globally, with updates on financing, infrastructure expansion and sustainability initiatives:

Aéroports de Montréal (ADM), which runs Montréal-Trudeau International Airport (YUL), earned net income of C$23 million ($16 million) in the first quarter, down 37.2% from a C$36.7 million net profit in the 2024 first quarter.

Perth Airport (PER) will see enhanced customs and border services thanks to an investment from the Australian government, which aims to boost international travel at PER. The federal government is spending A$24.2 million ($15.5 million) to buttress Australian Border Force services at airports.

Cleveland Hopkins International Airport (CLE) said its signatory airlines have approved $301 million in funding for new automobile public parking facilities needed to enable the eventual building of a new passenger terminal targeted for a 2032 completion. Once the new parking facilities are completed, CLE’s current parking garage will be demolished, clearing space for the construction of a planned $1.1 billion passenger terminal. Funding for the terminal project must still be approved. 

Spokane International Airport in Washington will receive $6.5 million from the FAA to fund the building of three aircraft gates in its passenger terminal, plus a loading dock access road and fencing, according to Sen. Maria Cantwell (D-Wash.).

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