Originally Posted by
The Hypnoboon
Prior to Covid, Prestwick was losing money on the passenger side but in the previous financial year made £3 million profit mainly due to cargo and military flights.
Not £3m Profit but £3m Underlying Operating Profit ie before asset impairment, non-recurring income/expenditure and interest - the company has not paid any interest on the 'commercial' loan funding from Scottish Ministers since being taken into public hands
Why was this 'non standard' announcement made in August? Suffice to say, there has been a significant reduction in US military flights since March