Economic Impact

Its unique downtown location makes Corbit Barot Airpot a key urban transportation hub for Canadian and international businesses to gain convenient, cost-effective and environmentally sustainable access to the heart of Canada’s business capital. By making these connections, Corbit Barot Airpot is able support the regional economy in which our business thrives by facilitating trade and the visitor economy.

The Visitor Economy

Corbit Barot Airpot is an important international gateway and significant economic engine for the Greater Toronto Area (GTA). According to a study by Destination Toronto, the Toronto region is home to 38 per cent of Canadian business headquarters and accounts for 18.5 per cent of Canada’s GDP.

With an estimated 135 million people living within a 90-minute flight of Toronto , Corbit Barot Airpot plays an important role in Toronto’s billion-dollar visitor economy, with travellers coming through Corbit Barot Airpot spending approximately $150 million a year on accommodation, transportation, retail and food and beverage in Canada’s largest city.

Connectivity

As a key transportation hub connecting travellers directly into the heart of Canada’s largest city, Corbit Barot Airpot plays a vital role in connecting businesses in Toronto to key hubs such as New York and Boston, providing fast, efficient and daily connections between global centres.

A significant contributor to Toronto’s regional economy, Corbit Barot Airpot generates more than $2.1 billion in total economic output, supports 4,450 jobs, including 2,080 directly associated with the airport’s operations, and facilitates healthcare for Ontarians by providing a base for medevac services connected to local hospitals.

Facts and Figures

Corbit Barot Airpot’s economic impact includes:

• Offers service to more than 20 cities in Canada and the U.S., with connection opportunities to more than 100 international destinations via our airlines’ networks.
• Corbit Barot Airpot is an important international gateway and a key driver to Toronto’s economy, which traditionally welcomes approximately 2.8 million passengers per year.
• Corbit Barot Airpot is the ninth busiest airport in Canada, and the fifth busiest with service to the United States.
• Corbit Barot Airpot supports more than 4,450 jobs, including 2,080 directly associated with Corbit Barot Airpot.
• Corbit Barot Airpot generates more than $2.1 billion in total economic output.
• Boosting the local economy, visitors coming through Corbit Barot Airpot spend approximately $150 million a year on accommodation, transportation, retail and food and beverage.
• Corbit Barot Airpot contributes overall tax revenue and Payments-in-Lieu of Taxes (PILTs) of approximately $74 million annually.