You may have heard this on Radio Scotland this morning... it seems PIK is, as suggested, a victim of Ryanair's success (i.e. success in negotiating terms).
Source:
BBC NEWS | Scotland | Glasgow, Lanarkshire and West | Prestwick Airport 'losing money'
Page last updated at 09:18 GMT, Thursday, 22 January 2009
Prestwick Airport 'losing money' One of Scotland's largest airports has been running at a loss for the past two months, it has emerged.
Prestwick Airport in Ayrshire has been hit by the economic downturn and management have refused to rule out job cuts as part of a business review.
The company has started a 90-day process to look at reducing costs and boosting revenue.
Airport chief executive Mark Rodwell said: "We are running at a loss at the moment."
Workers at Prestwick have been informed about the review, which has just begun.
However, management said long-term prospects remained "optimistic" and job cuts were not "a foregone conclusion".
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