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Good evening, here are the coronavirus updates you need to know tonight.
Top headlines:
University of British Columbia, University of Alberta and McGill University decide against vaccination passports
There have been
1,181,257 have recovered. There are currently
3,659 patients in hospitals due to COVID-19,
1,376 of whom are in the ICU.
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Sources: Canada data is compiled from government websites, Johns Hopkins and COVID-19 Canada Open Data Working Group; international data is from Johns Hopkins University.
06.05.2021 - CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE) - Financial ResultsIn the first quarter of 2021, PHX Energy reported improved adjusted EBITDA as a percentage of revenue and earnings from continuing operations despite the ongoing effects of .
Financial Results
In the first quarter of 2021, PHX Energy reported improved adjusted EBITDA as a percentage of revenue and earnings from continuing operations despite the ongoing effects of the COVID-19 pandemic. For the three-month period ended March 31, 2021, the Corporation achieved adjusted EBITDA from continuing operations of $14.5 million, 21 percent of revenue, compared to $19.3 million, 19 percent of revenue, in the corresponding 2020-period. Earnings from continuing operations in the three-month period ended March 31, 2021 increased to $5.3 million from a loss of $2.2 million in the 2020-quarter. The sustained cost discipline initiatives from the prior year and the positive impact of government grants contributed to the improved profitability and earnings in the first quarter of 2021. This improved profitability in the first quarter of 2021, however, was affected by the cash-settled share-based payments expense of $2.6 million compared to a recovery of $3.4 million in the
Winnipeg airport lost $40M in 2020
April 30, 2021 April 30, 2021
Topics
The drop in passenger traffic at Richardson International in 2020 translated into a $73.5-million decrease in revenue. (Image: Winnipeg Airports Authority, YouTube)
The Winnipeg Airports Authority revealed a particularly grim outlook of its consolidated financial statements at its annual public meeting Thursday.
After a year marred by COVID-19, executive members from the airports authority said urgent support is needed from the federal government to save it. They outlined the many ways in which Ottawa has failed regional airports like Winnipeg’s.
Nicole Stefaniuk, vice-president of finance and administration, said 2020 was the worst year in the local airport’s history mostly because passengers typically make up about 90 per cent of airport revenue and because almost 80 per cent of costs are fixed, such as utilities, personnel employment and taxes).