SWBKCB
..Airport bosses said the previous year’s profit had been boosted by compensation from a former customer for breach of contract...' - presumably the bmiBaby money.
So the DTV 'profit' was boosted by a one off payment from BMI Baby and had nothing to do with passenger throughput. And weren't they claiming £9-10m in damages?
Yes all noted, perhaps the point is that these "damages" received by Peel, which must by simple maths been around £8 Million plus were simply "trousered" by Peel and diverted into their own cash reserves as if some windfall !
What they have not done, which is as it was on day one when they acquired the airport, is to INVEST, and indeed when they did receive the cash settlement they chose to apply it to other projects within their group.
Obviously as a course of their subsequent and ongoing actions then Peel have had to finance considerable losses which are to a great extent the result of their own actions, though clearly they will still come up on top to the tune of £ Millions & this is BEFORE they seek to reap the benefits of whatever "Grand Plan" be it housing or whaetver that they now propose to attempt force through quoting the usual cliche's of employment, area improvement etc.