It's all about how you read the accounts though and how Stobart calculate them.
In the accounts the airport made a loss of £644,000 however this is after the airport has paid Stobart £739,000 in rent. So you could argue the airport actually made nearly £100,000 profit overall to Stobart.
This is the info they give on the airport.
"Aviation
Our main KPIs in this division are passenger numbers and revenue per passenger. The infrastructure and new management team are in
place to deliver our target of over 2.5 million passengers annually by 2018 and we have created capacity to handle up to 5 million
passengers per annum through the new terminal.
In the past year, we have grown passenger numbers travelling through London Southend Airport by 9% to 1.1 million and increased
revenue per passenger by 8.5% to £20.80.
We offer significant peak capacity availability and fast turnaround times at a low cost base for airlines that want a hassle-free experience
for their customers. Access to the airport is good with a regular rail connection to Liverpool Street Station taking around 50 minutes and
plenty of parking availability for passengers travelling by car. Our customers are important to us and after listening to them we improved
the new terminal catering facilities and developed safer and more efficient security arrangements. For the second year running we
received the Which? award for airport customer satisfaction.
We are seeing interest from a number of large European operators who consider London Southend Airport a very attractive option to
serve the London market. In the short term we are expecting passenger numbers to remain flat while we build these partnerships with
new operators and extend relationships with existing operators to deliver sustainable routes."