Could Canada’s Airports Go Bankrupt? (And Could That Be the Best Thing for Them?)

"...In addition to its opulent, cavernous new international terminal, control tower, “corporate” centre and other accoutrements, Calgary’s authority also saw fit to install Canada’s longest runway – a 14,000-foot concrete behemoth more suited to U.S. Air Force B-52 bombers or 850-passenger A-380 double-deck aircraft than the Boeing 737s that often use it. Although YYC already had an 8,000-foot second runway that could have been strengthened and lengthened, the airport instead forged ahead with the brand new runway, which also required construction of a nearly $300 million road tunnel running beneath, causing years of delay. Comparing it to the traffic loads and runway counts of much busier airports in Europe raised the question of whether it was even needed – or whether a less costly answer lay in more efficient operations.

YYC spokesperson defends YYC airport's renovations amid its potential for airport bankruptcy.
Academic Prentice sees bleak skies for Calgary Airport, while YYC spokesperson Fiest defends the big 2016 reno.
The entire, lavish project generated so much controversy and delay that it entered service just in time for Calgary’s five-year economic downturn and the pandemic. Complicating matters for Alberta taxpayers today is that YYC’s entire debt is owed to the Alberta Financial Capital Authority, a provincial body that lends to public-sector entities at favourable interest rates. Likewise, Edmonton International Airport owes approximately 85 percent of its $1 billion debt to the AFCA following its own terminal expansion in 2012.
https://c2cjournal.ca/2020/07/could-canadas-airports-go-bankrupt-and-could-that-be-the-best-thing-for-them/