Originally Posted by
CabinCrewe
Not sure I really get this. So have they returned any of the loan investment to tax payer?
One wonders the success going forward if the cited reasons for profit were Covid PPE transport and Cop26 both of which were one-offs, the rest coming from (what must be very labile) fuelling charges.
Don't know what's so hard to accept.
In simple terms.
-operating profits hitting £1.9m. - fifth consecutive year of improving financial results - and the third year in a row of making a profit. -For the 12 months to this March, revenue came in at £34.2m -Cargo volumes rose by 36% to 18,000 tonnes- passenger numbers more than doubled to 118,000.
- Refuelling was up 89% to 36 million litres, with the value of fuel sold - at £20.8m - making up the bulk of the airport's revenue. - it has not drawn down new loan funds for three years. Prestwick did not receive any new funding from taxpayer for the last 3 years and is not going to need any for the following year
Sounds like an improving picture, and I'm glad it's still operating look at Doncaster which received covid money and local Mayor said Tory minister for Transport, Anne-Marie Trevelyan, had washed her hands of the closure