operating loss of -£20.66m.
But they are owned by NIAL Holdings Ltd with an op profit of £4.6m, and net assets of £250m
Overall, the airport is in a far better position than it was financially with the highly leveraged borrowings put in place by the previous management, and which goes to support the strategy of steady-away development that the current team has followed, even though several on here have complained about this low growth strategy/lack of new routes, and bla, bla.