But as per last Basil, does that really stack ?
An airport dominated by one airline...
screwed down by said airline on fees..
a more discerning "lo-co" passenger less likely to spend at STN
and all underpinned with a much much lower pax throughtput..
... seemingly makes double the profit of Manchester ?
Maybe it does ?
but how ?
I am not questioning your reasoning BTW the way i'm just genuinely interested in what factors might lower MAN profits to such a large extent ?
We don't have massive capital expenditure up here, I would have thought more pax travel in by car re fees, spend more on retail etc etc, employee costs must be marginally similar, I doubt we have double the workforce pro rata etc
..so the Q is how does STN do it ?