1 MARCH 2010

Index


© 2022 Business Travel News Ltd.

Article from BTNews 1 MARCH 2010

BAA puts a bad year behind

BAA Ltd, owned 100% by the Spanish Ferrovial consortium, saw its pre-tax loss widen to £821.9m last year from £324.2m in 2008.  Of this sum £217.8m related to increased pension scheme deficits and £277.3m in losses related to the sale of Gatwick.  Looking at the detailed figure the fascinating results show that whilst airport passenger numbers dropped appreciably (except for Heathrow – down only 1.5%) the retail performance increased, a bi-product of the weakness of Sterling (what was on offer proving to be very competitively priced), and Heathrow’s continuing importance as the world’s number one international hub. www.baa.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