Originally Posted by
serko
According to the stobart interim results.
The interim results make for interesting reading. The 12 month loss before tax for the Aviation division is £3.2m and the revenue per passenger is stated as £22.67 with a 12 month throughput of 991,000 pax.
If the new deal with CityJet achieves it's full potential of 600,000 pax the resulting PROFIT from those operations will need to be near to £18 per pax to see a breakeven position for the Aviation division.
That means that whilst currently every pax delivers a £3.21 loss, the new CityJet paxs (all 600,000 of them) will have to deliver £18 per head profit.
I can't see that happening so for the foreseeable the airport continues to operate at a loss.