30-Sep-2010 11:41 AM

Eastern Airways' profits slide in 2009

Eastern Airways reports the following financial highlights in 2009 (Press & Journal, 29-Sep-2010):

  • Revenue:
    • Eastern Airways (Europe): GBP71.0 million, -3.5% year-on-year;
    • Eastern Airways (UK): GBP64.2 million, +9.4%;
  • Profit before tax:
    • Eastern Airways (Europe): GBP1.2 million, -63.1%;
    • Eastern Airways (UK): GBP2.4 million, -4.3%;
  • Passenger numbers: n/a, +7%.

The carrier stated 2009 results were affected by exceptional start-up costs of GBP963,000 relating to a new long-term contract with Bristol Helicopters and GBP478,000 in restructuring and termination costs.