Saskatoon, SK: 2009 employment created by the Airport was the equivalent of 5029 jobs representing 4.8 % of the total Saskatoon GDP according to a recent Economic Impact Study conducted by the Saskatoon Airport Authority (SAA). This is in stark contrast to a previous study conducted in 1995 with full time employment seeing an increase of 171%. Total dollar impact for 2010 was $455 million, a 76% increase over 1995.
Results of this study indicate the John G. Diefenbaker Saskatoon International Airport is a major economic, fiscal and employment generator for Saskatoon and the provincial economy.
The Saskatoon Airport Authority (SAA) commissioned the Edwards School of Business MBA program to conduct a survey based on 2009 statistics to determine both dollar and employment impact from the Airport Community. Results of the report include employment impact of all operating activities on Airport property as well as the economic impact of arriving passengers.
“Certainly this report helps us validate and appreciate the economic impact our Airport has to the community,” states President & CEO Bill Restall. “We have seen tremendous growth at the Airport, not only in passenger volumes but also in aviation business expansion and development on Airport property.”
Overall, arriving passengers at the John G. Diefenbaker Airport generated the largest economic impact at over 60% of the total Airport GDP while collectively aviation businesses represent approximately 20% of the GDP.
- Dollar Impact:
- Generates $455 million GDP
- 4.8% of total GDP for Saskatoon
- Generates $165.6 million in labour wages and salary
- Generates $288.0 million in expenditures
- Employment Impact:
- Generates 5029 in full time employment
- 3.8% of the total employment for Saskatoon Airport Authority
- Airport business activities generates 1285 full time jobs
Passenger volumes continue to rise with year-to-date traffic at over 1.1 million passengers, up 5.2% over 2009. Record volumes have been reported in 9 of the 11 months reported for 2010.
Copies of the impact study are available on the SAA website at www.yxe.ca.
For further information contact:
President & CEO; Saskatoon Airport Authority