Pre-tax losses narrowed slightly, from £35.7 million to £27.7 million.
No surprises there. To cut its loses further they would need to close the terminal and boot Easyjet out. I can understand why this would be painful but the easyjet flights at Southend don’t have the volumes needed to turn a profit. Come this winter it will only get worse. With Easyjet slowly ramping up flights it will be a long time before Southend will see a profit and Esken hasn’t got the resources to last out. Also despite the claims of new airlines and routes the cupboard seems to be bare.
As for the loses sitting at £27.7m, that’s small change. The owners of Luton Airport just announced loses of £232m. Well the auditors did, the owners are keeping quiet.