Gatwick reports slight loss as passenger numbers increase
Gatwick Airport has reported an increase of 4.2 per cent in turnover for the year to March 31st, up to £539 million.
Combined with continued “careful cost management”, this resulted a 2.5 per cent increase in EBITDA, to £227 million, although a loss in the financial year of £29 million reflects the asset-intensive nature of the business and the continued investment being made across the airport, Gatwick said in a statement.
Traffic at London’s second biggest airport of 34.2 million passengers reflected 1.2 per cent growth.
New airlines - such as Air China and Turkish Airlines - opened links to high-growth markets including Beijing and Istanbul, alongside new routes from existing carriers such as easyJet to Moscow.
Vietnam Airlines expanded its services and Garuda Indonesia announced it will start Europe’s only direct route to Jakarta from October 2013.
Stewart Wingate, chief executive, London Gatwick Airport, said: “We have continued to invest heavily across the airport, spending £227 million this year, to ensure our passengers enjoy a better experience every time they travel.
“In retail, we have seen good year-on-year results, which compare favourably to performance on the high street.
“Thanks to the opening of Europe’s largest World Duty Free store in South Terminal and major updates in both South and North Terminal departure lounges, we have seen income per passenger increase.”
More Airports News
Queen opens new Terminal 2 | Queen's Terminal at London Heathrow
Tuesday, 24 June 2014
Her Majesty the Queen of England inaugurated the new £2.5 billion Terminal 2 at London's ...
Heathrow Airport opens gates to new Terminal 2
Wednesday, 04 June 2014
The gates of the sparkling new Heathrow Airport terminal will open this week, capping off an £11 ...
Dubai Airport runway repair affects flights
Thursday, 01 May 2014
More than 600 flights a week will be diverted to the new Al Maktoum International - Dubai World ...
Iraq airports closing during elections
Tuesday, 29 April 2014
The Iraqi Government has announced that all airports in Iraqi will be closed between 1.00am on 29 ...
Singapore's Changi Airport named World's Best
Friday, 28 March 2014
For the second year in a row, Singapore’s Changi Airport has been named the best airport in the ...
Normal flight operations resume in Abu Dhabi
Monday, 10 March 2014
After 3 days of flight-cancelling chaos, normal operations have finally resumed at Abu Dhabi ...
Start your Adventure
North & South America