Originally Posted by
Flightrider
Airports are largely asset-based businesses - assets on which there are normally borrowings to fund with interest on those borrowings, and on which depreciation has to be charged. Saying that an airport is EBITDA-positive really is trying to put a positive spin on things. Actual losses when interest and depreciation are taken into account could well be a wholly different story...
Yep it's just
PR spin. The airport isn't at the moment making a profit and the loss of Flybe won't help in that either and only time will tell when it will either break even or make a profit but it has grown it's passenger numbers and invested in the passenger experience there and attracted new routes and expansion from the likes of Ryanair, KLM, TUI and TCX so it has been going in the right direction. It looks like it will be taking a setback as due to Flybe but again only time will tell how damaging that truly is. Generally though Roger Lewis tenure has been positive. It will be interesting to see who replaces him and whether they are as visible as Roger Lewis has been.