Interesting comparison between HAL and MAG this week
Heathrow's account for year to Dec 2014 was EBITDA of £1,567,000.
Corporation tax paid?
£34 million on net profit of £101m
http://t.co/uQ1Q8dtL55
They will need to raise and payback from future profits 10x this figure just to get to a billion pounds that's possibly doable, but by scale they will then need to escalate this to a further 20x £1bn to even think about the massive
investment in a 3rd runway and additional terminal.
The investment required is a mammoth 200 times current yearly earnings is it not and that's before a plane has even landed on the new runway.
Would shareholders sanction this?
I assume this has all been agreed.
To me the figures look way out of kilter viz a viz the income coming in.
Are these figures a cause for concern ?
Contrast these with MAG who announced pre tax profits last week of £90m a not disimilar figure.
However their future investment by comparison is currently only a modest £1bn in the mega terminal at Manchester.