Loading
20-Nov-2015 12:40 PM

London Gatwick Airport EBITDA up 7% in 1HFY2016, results in line with expectations

London Gatwick Airport stated (19-Nov-2013) its 1HFY2016 ended 30-Sep-2015 results were in line with expectations as it continues to compete to attract new airlines and routes, invest in new facilities, and deliver an excellent service to passengers. Details include:

  • Revenue: GBP411.8 million, +5.2% year-on-year;
  • EBITDA: GBP241.0 million, +6.8%;
  • Profit before tax: GBP135.2 million;
  • Capital expenditure: GBP92.3 million, +1.5%;
  • Passenger numbers: 23.5 million, +4.7%. [more - original PR]

London Gatwick Airport CEO Stewart Wingate said: "The Government should back Gatwick when making its airport expansion decision - no ifs no buts. In the week of our results, Gatwick achieved 40 million passengers a year - a global record for a single runway airport. Such is the flawed analysis of the Airports Commission, it predicted that Gatwick wouldn't achieve this milestone until 2024. The Airport Commission also estimated that, with a second runway, Gatwick will generate two million passengers in first year of operating. In reality, as today's results show, Gatwick grew by 2.7 million passengers last year alone with only one runway. Gatwick is the best solution, does not breach air quality legal limits - even with a second runway - requires no taxpayer funding and can be delivered quickly. A decision for Gatwick is a decision for a runway which can actually be delivered and built by 2025."

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More