Teesside-2
Ryanair have announced cuts to winter schedules due to late delivery of MAX's. I agree - smoke and mirrors, if there was money to be made, the A/C would be available.
https://corporate.ryanair.com/news/r...livery-delays/
Ryanair, Europe’s No.1 airline, today (Thurs 28th Sept) announced a number of Winter 2023 schedule reductions as a direct result of Boeing aircraft delivery delays during the Sept to Dec period. Ryanair had expected to receive 27 aircraft between Sept and Dec, but due to production delays at the Spirit Fuselage facility in Wichita, combined with Boeings repair and delivery delays in Seattle, Ryanair now expects to receive only 14 aircraft between Oct and Dec. Ryanair is working with Boeing to try to accelerate deliveries in the Jan to May 2024 period so that it can enter the Summer 2024 peak travel season with all 57 new Boeing aircraft deliveries as expected.
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Are you going off the last set of results 2021-22, or are you going off the 2022-23 results. If you are referring to the 2021-22 results then a lot has changed since then with incomes growing significantly since the 2021-22 results.
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Are you going off the last set of results 2021-22, or are you going off the 2022-23 results. If you are referring to the 2021-22 results then a lot has changed since then with incomes growing significantly since the 2021-22 results.
Cant think what significant additional income streams have benefited the airport recently to reduce the one million pounds per month losses so can you remind me please.
Cant think what significant additional income streams have benefited the airport recently to reduce the one million pounds per month losses so can you remind me please.
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Are you going off the last set of results 2021-22, or are you going off the 2022-23 results. If you are referring to the 2021-22 results then a lot has changed since then with incomes growing significantly since the 2021-22 results.
Cant think what significant additional income streams have benefited the airport recently to reduce the one million pounds per month losses so can you remind me please.
Cant think what significant additional income streams have benefited the airport recently to reduce the one million pounds per month losses so can you remind me please.
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Are you going off the last set of results 2021-22, or are you going off the 2022-23 results. If you are referring to the 2021-22 results then a lot has changed since then with incomes growing significantly since the 2021-22 results.
Cant think what significant additional income streams have benefited the airport recently to reduce the one million pounds per month losses so can you remind me please.
Cant think what significant additional income streams have benefited the airport recently to reduce the one million pounds per month losses so can you remind me please.
Let's first look at the figures for the three years.
Year / Passengers / Movements / Revenues
2021-22 / 83,921 / 20,130 / £7,686,643
2020-21 / 14,521 / 11,118 / £4,812,505
2019-20 / 139,448 / 16,389 / £7,745,305
First look at 2019-20, this year was unaffected by Covid until the last two months.
Then take a look at 2021-22 a year that was severely affected by covid.
First thing that strikes you is the revenues are near enough the same, but the numbers are totally different.
How has 2021-22 revenue be able to match that of pre covid. This points to having to look at other increase in business to account for some of this upturn in revenue.
So the jump from 2020-21 to 2021-22 is where you can see a huge disparity.
Now come to this past year
Year / Passengers / Movements / Revenues
2022-23 / 192,283 / 21,360 /
Extra 52,835 passengers plus 4,971 more movements from 2019-20 to 2022-23
That is a big chunk of business to look at on top of the first year, especially increase in fuel sales.
Then add to the increase in other business across the airport revenue streams then you can see how much significant extra revenue has been created compared to the first year 2019-20.
TVCA moved their offices from Thornaby to the airport. This giving the airport a good rental income stream. Then you have the terminal business concessions and car parking income streams.
Businesses expanding on site.
There is a lot gone on that doesn't seem apparent to the eye if you are not watching regularly.
So there is a good upturn in revenues to be seen. Even more with this current financial year and is growing every year. Take off what is being invested and you see a more truer figure appear.
As the saying goes you have to spend money to make money.
The airport is in a far far better position than it has ever been and is set to break its highest ever revenue level possibly this year or next, which was set in 2006-07.
So the future is looking good.
Movements….can’t be considered..I would guess a fixed income? Non airline..and probably airline are on fixed contract rates?
At the end of the day..non of of us have any idea! Where are are the official financial figures..which should be out by now?
At the end of the day..non of of us have any idea! Where are are the official financial figures..which should be out by now?
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But could be pushed back this year after CAA Monthly Stats are now released two months following instead of the previously following month. It could be a case of the CAA report changes that has affected the release of the provisional results, pushing back the compilation of results. .
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Dont think that CAA stats will have any impact on producing audited trading accounts.
The assumed recent increase in revenue that has been listed will have very little impact on the sizable losses. We never did find out what deal was done with Ryanair to bring them in or what proportion of the car park income they take for example. Best wait for the accounts to be published but it will be worrying if losses continue to be close to one million pounds per month when the business plan had us heading towards a trading profit by now.
In relation to the freight centre, the lack of any meaningful freight while air freight in the UK is generally busy is worrying. Let's not forget that MME has the disadvantage of being in a freeport so perhaps we were never going so see any proper freight. There is a very good reason why Teesport down the road fought hard not to be dragged into a freeport.
The assumed recent increase in revenue that has been listed will have very little impact on the sizable losses. We never did find out what deal was done with Ryanair to bring them in or what proportion of the car park income they take for example. Best wait for the accounts to be published but it will be worrying if losses continue to be close to one million pounds per month when the business plan had us heading towards a trading profit by now.
In relation to the freight centre, the lack of any meaningful freight while air freight in the UK is generally busy is worrying. Let's not forget that MME has the disadvantage of being in a freeport so perhaps we were never going so see any proper freight. There is a very good reason why Teesport down the road fought hard not to be dragged into a freeport.
Dont think that CAA stats will have any impact on producing audited trading accounts.
The assumed recent increase in revenue that has been listed will have very little impact on the sizable losses. We never did find out what deal was done with Ryanair to bring them in or what proportion of the car park income they take for example. Best wait for the accounts to be published but it will be worrying if losses continue to be close to one million pounds per month when the business plan had us heading towards a trading profit by now.
In relation to the freight centre, the lack of any meaningful freight while air freight in the UK is generally busy is worrying. Let's not forget that MME has the disadvantage of being in a freeport so perhaps we were never going so see any proper freight. There is a very good reason why Teesport down the road fought hard not to be dragged into a freeport.
The assumed recent increase in revenue that has been listed will have very little impact on the sizable losses. We never did find out what deal was done with Ryanair to bring them in or what proportion of the car park income they take for example. Best wait for the accounts to be published but it will be worrying if losses continue to be close to one million pounds per month when the business plan had us heading towards a trading profit by now.
In relation to the freight centre, the lack of any meaningful freight while air freight in the UK is generally busy is worrying. Let's not forget that MME has the disadvantage of being in a freeport so perhaps we were never going so see any proper freight. There is a very good reason why Teesport down the road fought hard not to be dragged into a freeport.
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Part of the accounts feature Passenger Numbers and Aircraft Movements, so in general for cross referencing purposes, thus if CAA results are two months behind then obviously that has an impact.
Freeports are a good thing. They are not a hindrance to companies or transporters it doesn't slow down any custom processes. It helps saves companies located in freeports lots of money on import duties when they import stuff to work on/ process then export it back out of the country. Hence why Willis liked the airport freeport location. They can bring aircraft in do work on them and send them back out without any import duties. Those getting broken the import duty isn't classed as an aircraft, but as scrap metal and rubbish, thus lowering duty levels, so it is good business sense for Willis.
Freeports are a good thing. They are not a hindrance to companies or transporters it doesn't slow down any custom processes. It helps saves companies located in freeports lots of money on import duties when they import stuff to work on/ process then export it back out of the country. Hence why Willis liked the airport freeport location. They can bring aircraft in do work on them and send them back out without any import duties. Those getting broken the import duty isn't classed as an aircraft, but as scrap metal and rubbish, thus lowering duty levels, so it is good business sense for Willis.
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Dont think that CAA stats will have any impact on producing audited trading accounts.
The assumed recent increase in revenue that has been listed will have very little impact on the sizable losses. We never did find out what deal was done with Ryanair to bring them in or what proportion of the car park income they take for example. Best wait for the accounts to be published but it will be worrying if losses continue to be close to one million pounds per month when the business plan had us heading towards a trading profit by now.
In relation to the freight centre, the lack of any meaningful freight while air freight in the UK is generally busy is worrying. Let's not forget that MME has the disadvantage of being in a freeport so perhaps we were never going so see any proper freight. There is a very good reason why Teesport down the road fought hard not to be dragged into a freeport.
The assumed recent increase in revenue that has been listed will have very little impact on the sizable losses. We never did find out what deal was done with Ryanair to bring them in or what proportion of the car park income they take for example. Best wait for the accounts to be published but it will be worrying if losses continue to be close to one million pounds per month when the business plan had us heading towards a trading profit by now.
In relation to the freight centre, the lack of any meaningful freight while air freight in the UK is generally busy is worrying. Let's not forget that MME has the disadvantage of being in a freeport so perhaps we were never going so see any proper freight. There is a very good reason why Teesport down the road fought hard not to be dragged into a freeport.
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"What is the disadvantage to a freeport?" Summarised in numerous reports such as the findings of the Goverments Office of Budget Responsibility which concluded that they offered no benefit. It is a matter of fact that PD Ports Teesport are not in the freeport zone despite being surrounded by it. Why do you think they didnt want to be included? The last time we tried freeports we had the benefit of EU membership but they didnt work so were ended in 2012.
"What is the disadvantage to a freeport?" Summarised in numerous reports such as the findings of the Goverments Office of Budget Responsibility which concluded that they offered no benefit. It is a matter of fact that PD Ports Teesport are not in the freeport zone despite being surrounded by it. Why do you think they didnt want to be included? The last time we tried freeports we had the benefit of EU membership but they didnt work so were ended in 2012.
To be absolutely clear this isn't a criticism of Teesside, the EMA one will be similarly elephantine and white.
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"What is the disadvantage to a freeport?" Summarised in numerous reports such as the findings of the Goverments Office of Budget Responsibility which concluded that they offered no benefit. It is a matter of fact that PD Ports Teesport are not in the freeport zone despite being surrounded by it. Why do you think they didnt want to be included? The last time we tried freeports we had the benefit of EU membership but they didnt work so were ended in 2012.
PD don't need to be because they are a port and will already have all the benefits that feeport brings. The freeport is more there to benefit new businesses and especially manufacturers.
They were not as beneficial in 2012 simply because we were in the EU!
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Exactly, freeports were a governnent headline grabbing gimick last time, as they are today. Difference is that this time around without the dubious advantage of being a gateway for non-EU products to the block they are even less likely to succeed. On a practical note the burocracy involved in getting stuff out was a pain. I know, I had to do it.
To be absolutely clear this isn't a criticism of Teesside, the EMA one will be similarly elephantine and white.
To be absolutely clear this isn't a criticism of Teesside, the EMA one will be similarly elephantine and white.
That being said they may still be white elephants. As many compaies who already trade within the areas if they had needed the benefits will already have CW, IRP and OPR authorisations.
The freeport is more there to benefit new businesses and especially manufacturers.
The earlier comment about Willis is interesting, in the back of my head I didn't think it would have this impact - are aircraft being worked on 'imported'?
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Isn't the evidence that they displace business from the surrounding area generating little growth, so no net benefit?
The earlier comment about Willis is interesting, in the back of my head I didn't think it would have this impact - are aircraft being worked on 'imported'?
The earlier comment about Willis is interesting, in the back of my head I didn't think it would have this impact - are aircraft being worked on 'imported'?
Also no net benefit is not a disadvantage as some are trying to argue!