25-Jun-2010 10:56 AM

BAA reduces 2010 EBITDA forecast

UK’s BAA announced (24-Jun-2010) EBITDA for 2010 is forecast to be GBP946 million based on forecast passenger traffic for the year of 85.2 million. The updated 2010 adjusted EBITDA forecast is only GBP10 million lower than the forecast made in Dec-2009, despite a combined estimated impact of more than GBP40 million from the volcanic ash disruptions, industrial action and winter weather. BAA stated the underlying outperformance reflects primarily higher forecast passenger traffic (excluding the impact of the disruptions referred to above), net retail income per passenger and lower operating costs. [more]

Want More News Like This?

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