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Gatwick Airport results for the six months ending 30 September 2015

Direct News Source

19-Nov-2015 Gatwick Airport* delivers mid-year results 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.

  • Revenue up 5.2% to £411.8 million. Combined with carefully controlled cost management, this resulted in EBITDA up 6.8% to £241.0 million and a profit before tax of £135.2 million on a consolidated basis
  • Gatwick has seen the busiest six months in the airport's history with 23.5 million passengers, an increase of 4.7% or 1.1 million passengers
  • Gatwick's growth is a combination of more planes, bigger planes and fuller planes - load factors have increased to 87.2%
  • Across July and August there were ten days where Gatwick served more than 150,000 passengers
  • Across July and August there were ten days where Gatwick achieved more than 900 movements
  • Norwegian's ground-breaking new low cost services to USA have been a catalyst for long haul growth, contributing to a 10.6% increase on North American routes. Such is the passenger demand for low-cost transatlantic routes WestJet will be serving Toronto, Calgary, Vancouver, Edmonton, Winnipeg and St John's from Gatwick from May 2016
  • New upcoming routes include British Airways Gatwick to Costa Rica and Gatwick to Lima, UK's only direct route to Lima, starting 2016. These are joined by TUI's new route Gatwick to Costa Rica, starting November 2015, and Gatwick to Colombo, Sri Lanka starting 2016

Stewart Wingate, CEO of London Gatwick, 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."

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