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Old 24th Oct 2013, 16:00
  #1296 (permalink)  
asdf1234
 
Join Date: Jun 2009
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How long to pay back the investment?

Another example of how, secondary airports, like PIK can be profitable with low passenger numbers!

Southend in profit and looking for more airlines - www.travelweekly.co.uk
Unfortunately SEN is not profitable because it isn't paying for the cost of the infrastructure. I've heard £120m quoted as the total cost of acquiring and redeveloping SEN. Even if the £700,000 EBITDAR result miraculously turned into a retained earning figures it would still take Stobarts 171 years to recoup their investment.

Prestwick is much the same in that it will have on-going capital expenditure requirements that are not met out of the current revenue streams. Hence the need for a sale.
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