Guess the world changed?
Im not sure when Peel bought the airport but would guess it was around 1999 when fuel hit its historic low of $17 Barrel. By 2007 it was $80 and a year later $140. Senior anylists expect $200 by 2020.
The BIG question is; what would have to change to get the industry back to the earlier expectations, and how likely is it for whatever it is to happen?
Perhaps the expectetions were based on undertaxation and un realistically cheap oil? It might be that we will never see the number of passengers that were once predicted.
bb