Originally Posted by
Grumpy1
Are you going off the last set of results 2021-22, or are you going off the 2022-23 results. If you are referring to the 2021-22 results then a lot has changed since then with incomes growing significantly since the 2021-22 results.
Cant think what significant additional income streams have benefited the airport recently to reduce the one million pounds per month losses so can you remind me please.
Right lets take a look since you cannot seem to see it.
Let's first look at the figures for the three years.
Year / Passengers / Movements / Revenues
2021-22 / 83,921 / 20,130 / £7,686,643
2020-21 / 14,521 / 11,118 / £4,812,505
2019-20 / 139,448 / 16,389 / £7,745,305
First look at 2019-20, this year was unaffected by Covid until the last two months.
Then take a look at 2021-22 a year that was severely affected by covid.
First thing that strikes you is the revenues are near enough the same, but the numbers are totally different.
How has 2021-22 revenue be able to match that of pre covid. This points to having to look at other increase in business to account for some of this upturn in revenue.
So the jump from 2020-21 to 2021-22 is where you can see a huge disparity.
Now come to this past year
Year / Passengers / Movements / Revenues
2022-23 / 192,283 / 21,360 /
Extra 52,835 passengers plus 4,971 more movements from 2019-20 to 2022-23
That is a big chunk of business to look at on top of the first year, especially increase in fuel sales.
Then add to the increase in other business across the airport revenue streams then you can see how much significant extra revenue has been created compared to the first year 2019-20.
TVCA moved their offices from Thornaby to the airport. This giving the airport a good rental income stream. Then you have the terminal business concessions and car parking income streams.
Businesses expanding on site.
There is a lot gone on that doesn't seem apparent to the eye if you are not watching regularly.
So there is a good upturn in revenues to be seen. Even more with this current financial year and is growing every year. Take off what is being invested and you see a more truer figure appear.
As the saying goes you have to spend money to make money.
The airport is in a far far better position than it has ever been and is set to break its highest ever revenue level possibly this year or next, which was set in 2006-07.
So the future is looking good.