Torontoist knows how crazy rent can be in this city. It’s gotten so bad that Toronto is slowly creeping up and catching up with New York City for
cost of office space. (It now costs $50.47 US per square foot a year to maintain an office in Toronto, up from $37.71 last July, 9% behind New York)
It’s pretty tough, and quite expensive to live here. But imagine having to pay almost $11,000 per visit…
According to Air Transport Research Society survey, Pearson airport is the most costly place to land a airplane. For a Boeing 747, they charge $10,986, which is already 45.5% more than Osaka’s Kansai airport with the second heighest fees, and more than double than LaGuardia which is second heights in North America.
But what really grinds this Torontoist’s gears is that in a report to be issued later this week, Pearson Airport is deemed one of the least efficient airports in the world: number two behind Atlanta’s Jackson Airport, which handles the most number of passengers in the world and is one of the cheapest to land at.
[image: Pearson Terminal One – Robonto’s private stash]
According to Tae Oum, president of the Air Transport Research Society, “If you add the capital items, they would be even worse because they invested too much money on terminals and the terminals are not well co-ordinated.” But perhaps the new Terminal One will fix this problem. Apparently a reason for Pearson’s price lags is the low non-aeronautical revenue, which is less than 30%, and should be much more these days.
So next time you fly, park at the airport, eat at the airport, sleep at the airport, rent an office at the airport to save the airlines money… but realistically, don’t expect them to really pass any of the savings to you.