24 JUNE 2019

Index


© 2022 Business Travel News Ltd.

Article from BTNews 24 JUNE 2019

Long-haul bliss for Gatwick

A big increase in long-haul traffic was a major contributor to continued growth at Gatwick over the past 12 months, with the airport last week reporting a 6.1% boost in revenue to £811m for the 2018-19 financial year.

The airport said the figure, combined with careful cost management, resulted in an increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA) of 7.3%, to £441m, and a profit after tax of £208m.

Gatwick saw a total of 46.4m passengers in the year under review, driven by a 14% increase in long-haul travel. A spokesman said around one in five passengers now travel long-haul to and from the airport as its global connections continue to grow.

Chief executive Stewart Wingate said: “These results underline our ambition to be a thriving global airport which continues to invest in our passengers and local communities while strongly supporting UK plc.

“Over the past year, we have achieved strong passenger growth, a reduction in local noise footprint, robust financial results and record investment back into the airport; and growing global connections.

“These results give us a firm foundation for future sustainable growth and we now look forward to publishing our final masterplan to help to set our long-term growth and development plan.”

www.gatwickairport.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


www.btnews.co.uk