Bigger losses for airport owner
27.01.10
Peel Airports - the owner of Liverpool Airport - had bigger losses after a drop in revenue. Its revenue fell to £48.3m from £53.4m in the year to March 2009, accounts just released reveal, reflecting a fall in passenger numbers at all of its 3 airports, Liverpool, Robin Hood and Durham Tees Valley. Pre-tax losses increased to £13.1m, up from a loss of £10.9m the year earlier. Peel is currently looking for a buyer or an investor for the division, which has been loss making for a number of years.
At Liverpool Airport passenger numbers fell 7.5%, with losses increasing to £5.1m. Peel said this was largely down to the recession and a drop in consumer spending. A spokesman said that easyJet was continuing to grow its base at the hub with new routes to Bordeaux, Naples and Dubrovnik announced over the summer.
At Robin Hood passengers were down 14%, falling below the 1 million mark to 945,800. The biggest drop, however, was experienced at Durham Tees where passenger traffic fell 20% to 604,778.
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