Rise in passengers, cargo and new routes confirm YVR’s role as economic engine for B.C.

In a keynote address at the Greater Vancouver Board of Trade on October 30, 2024, Vancouver International Airport (YVR) president and CEO Tamara Vrooman outlined how YVR has managed a post-pandemic recovery and achieved strong growth while maintaining operational resilience and enhancing the passenger experience—all of which continue to impact provincial prosperity positively.

Highlights: In 2023, YVR facilitated $22 billion in province-wide economic output. This includes YVR
Operations, combined with cargo handling and tourism, an increase from the $20 billion YVR
contributed in 2018;

YVR recorded the second-highest cargo volume—320,000 tonnes—in the airport’s history,
approaching the airport’s highest volume of 338,000 tonnes in 2018;

2023 was YVR’s best year of revenue and second-best year on record for earnings;

YVR welcomed 24.9 million passengers in 2023, a 31 per cent increase (or 5.9 million more)
than 2022; and

YVR has been reassessed by S&P and Morningstar DBRS, and continues to enjoy the best
credit rating of any airport in Canada.