Can someone please check my maths, as either I'm calculating the numbers wrong, or Ryanair are getting one hell of a deal at PIK...
First off, if we refer to the following Scottish Government document regarding the purchase of PIK, we can see the following infographic:
Document:
http://www.audit-scotland.gov.uk/doc...ck_airport.pdf
Further down the page, we can also see a graph of income/expenses for the period:
Income: ..........10m
Expenses: .......15.4m
Profit/Loss: ......-5.4m
Now, using these figures, we can calculate the split of income per revenue stream:
Car Parking...........1.7m
Retail ...................1.2m
Passenger.............1m
Transport..............0.6m
Other aviation.......1.6m
Property...............2.2m
Freight.................1.7m
So - £1m revenue from passenger flights.
Now, this is for the financial period 1st April 2012 - 31st March 2013. According to the CAA, the movements during this period was as follows:
Passenger 7663
Freight 654
Aircraft only pay fees when landing, so if we divide that figure in half, then divide up that £1m, we get the following:
Revenue per pax flight (2 movements): £261
Next, if we look at the published fees for the airport as a reference, we can work out what they should be paying:
Document:
http://www.glasgowprestwick.com/wp-c...ed-July-16.pdf
For a 737 with an MTOW of 79 tonnes, carrying a full load of 189 passengers, the fees should be:
Movement & Navigation fee:...£608
Passenger/Security Fees:.....£2,559
Total per movement:...........£3,167
That should give us a total of just under £10m on 0.55m departing passengers and 3831 arriving movements recorded for the period.
Ryanair are therefore getting a 90% discount on flights?