You have to wonder what BB's intentions are for Blackpool. How much input do they have to the airport, or do they just leave it to run itself?
I have a copy of the Annual report for the year ended 31 December 2010. The airport made a huge loss on only £7.1M sales. The loss was £3.6M (pre tax). That is ridiculous.
in the accounts:
In other words Balfour Betty have them by the balls. The airport simply doesn't bring in enough money to pay for itself, so the losses will continue until massive changes are made. If Balfour Betty get bored and decide they want to build on the land, all they need to do is liquidate the company.
This bit is daft, staff costs were £3.6M. That is a huge 50% wages to sales ratio. That cannot continue. 157 staff in total. I know these figures are from 2010, but how much has really changed?
The next set of reports will be interesting. The future looks bland.