Teesside-2
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Multiple truths here.
MME recovered better than other airports from Covid - True
MME behind original business case PAX projections - True
Covid impacted business plans - True
MME improving its financial position year on year - True
MME currently likely to stagnate in passenger numbers in 2024 - True
MME in a much better position than it was in 2019 and for several years before - True
It’s all about whether we compare versus plans, versus other airports, versus pre-Covid actuals etc
So multiple truths….nothing to gain in trying to paint a partial story….,
My favourite term on this thread…..balance!
MME recovered better than other airports from Covid - True
MME behind original business case PAX projections - True
Covid impacted business plans - True
MME improving its financial position year on year - True
MME currently likely to stagnate in passenger numbers in 2024 - True
MME in a much better position than it was in 2019 and for several years before - True
It’s all about whether we compare versus plans, versus other airports, versus pre-Covid actuals etc
So multiple truths….nothing to gain in trying to paint a partial story….,
My favourite term on this thread…..balance!
Join Date: Jul 2003
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More importantly the financial figures actually show that the airport is ahead of the financial target and at the end of the day that's the bottom line.
If it doesn't make money or contribute to the wider area we lose it.
So can we agree that its heading in the right direction at a quicker pace than expected!
If it doesn't make money or contribute to the wider area we lose it.
So can we agree that its heading in the right direction at a quicker pace than expected!
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More importantly the financial figures actually show that the airport is ahead of the financial target and at the end of the day that's the bottom line.
If it doesn't make money or contribute to the wider area we lose it.
So can we agree that its heading in the right direction at a quicker pace than expected!
If it doesn't make money or contribute to the wider area we lose it.
So can we agree that its heading in the right direction at a quicker pace than expected!
Join Date: Nov 2022
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Thanks for the words of wisdom from the grown ups.
So the airport is certainly in a better state than it was under Peel and the current stagnation has nothing to do with Covid although the lack of growth in routes and passenger numbers being significantly less than expectations must be of concern.
In relation to the financial situation, does anybody have the anticipated finances to compare with the current figures as we must have learnt by now that we cannot simply reply mayor's word in this respect. The introduction of EBITDA rather that simple figures that could be understood by all was curious to say the least.
So the airport is certainly in a better state than it was under Peel and the current stagnation has nothing to do with Covid although the lack of growth in routes and passenger numbers being significantly less than expectations must be of concern.
In relation to the financial situation, does anybody have the anticipated finances to compare with the current figures as we must have learnt by now that we cannot simply reply mayor's word in this respect. The introduction of EBITDA rather that simple figures that could be understood by all was curious to say the least.
Last edited by Grumpy1; 1st Jan 2024 at 20:57.
Creative accounting,creative HR spin and creative Optimism.
Airport ancillary wise has done amazing.
True airport finances ..Passengers, movements and cargo…mmmm the jury is out? Time will tell..l still to this day would love to know how the airport is making profits?
Airport ancillary wise has done amazing.
True airport finances ..Passengers, movements and cargo…mmmm the jury is out? Time will tell..l still to this day would love to know how the airport is making profits?
Join Date: Dec 2021
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Thanks Harold. I have just won my bet that you would introduce Covid as an excuse again that apparently only impacted on the Tees Valley but two years after the event has not caused the same stagnation at our competitors up and down the road.
I realise that some of us may not “know how to read the results” but Covid was then and this is now so making up none existent jobs, inventing imaginary new routes, plus manipulating the financials does not help.
Can we at least recognise that the current lack of new routes was not part of the plan so is disappointing please.
I realise that some of us may not “know how to read the results” but Covid was then and this is now so making up none existent jobs, inventing imaginary new routes, plus manipulating the financials does not help.
Can we at least recognise that the current lack of new routes was not part of the plan so is disappointing please.
Are you for real. Are you able to read and understand what I have put without making things up.
I have not introduced Covid as an excuse again.
It is there in black and white the whole world over, that for over two years Covid had a dramatic effect in every sector of every economy all around the world. When I mentioned Covid it relates to the time frame that it was.
But I forget that you only like looking at things negatively.
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Financial Year CAA Stats
April-October
Terminal Passengers
2022-23: 135,616 (year total 192,283)
2023-24: 165,933
Aircraft Movements
2022-23: 13,797 (year total 21,360)
2023-24: 13,708
Cargo:
2022-23: 15 Tonnes year
2023-24: 61 Tonnes so far
So as can be seen with five months of results to come in Passenger numbers are going to exceed last years in region of 25-35,000 extra.
Aircraft numbers currently slightly down as there has been numerous weather issues this year.
Cargo so far quadrupled over last years.
Also this year will see the effect that the increase in Willis traffic will have on the year end results.
So this current financial year will be further ahead than the 2022-23 results that have just been released last month.
April-October
Terminal Passengers
2022-23: 135,616 (year total 192,283)
2023-24: 165,933
Aircraft Movements
2022-23: 13,797 (year total 21,360)
2023-24: 13,708
Cargo:
2022-23: 15 Tonnes year
2023-24: 61 Tonnes so far
So as can be seen with five months of results to come in Passenger numbers are going to exceed last years in region of 25-35,000 extra.
Aircraft numbers currently slightly down as there has been numerous weather issues this year.
Cargo so far quadrupled over last years.
Also this year will see the effect that the increase in Willis traffic will have on the year end results.
So this current financial year will be further ahead than the 2022-23 results that have just been released last month.
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Thanks for the words of wisdom from the grown ups.
So the airport is certainly in a better state than it was under Peel and the current stagnation has nothing to do with Covid although the lack of growth in routes and passenger numbers being significantly less than expectations must be of concern.
In relation to the financial situation, does anybody have the anticipated finances to compare with the current figures as we must have learnt by now that we cannot simply reply mayor's word in this respect. The introduction of EBITDA rather that simple figures that could be understood by all was curious to say the least.
So the airport is certainly in a better state than it was under Peel and the current stagnation has nothing to do with Covid although the lack of growth in routes and passenger numbers being significantly less than expectations must be of concern.
In relation to the financial situation, does anybody have the anticipated finances to compare with the current figures as we must have learnt by now that we cannot simply reply mayor's word in this respect. The introduction of EBITDA rather that simple figures that could be understood by all was curious to say the least.
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Creative accounting,creative HR spin and creative Optimism.
Airport ancillary wise has done amazing.
True airport finances ..Passengers, movements and cargo…mmmm the jury is out? Time will tell..l still to this day would love to know how the airport is making profits?
Airport ancillary wise has done amazing.
True airport finances ..Passengers, movements and cargo…mmmm the jury is out? Time will tell..l still to this day would love to know how the airport is making profits?
Also the true airport finances are not passenger numbers movements or cargo..... the bottom line is £. How they make that money on the airport estate doesnt really matter as long as there is a runway, terminal building and the ability for the public to use it.
https://www.gazettelive.co.uk/news/t...rpose-28373433
Would love to see the business case for this - should be funded by the Mayor's re-election campaign.
Tees Valley Mayor Ben Houchen has committed £20million to the cause and says the investment will see a fully accessible station installed at the airport. The current station has regularly featured among the least used in the country in recent years, with National Rail stating that it is currently "closed until further notice due to urgent repairs to the railway."
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https://www.gazettelive.co.uk/news/t...rpose-28373433
Would love to see the business case for this - should be funded by the Mayor's re-election campaign.
Would love to see the business case for this - should be funded by the Mayor's re-election campaign.
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Ideally you'd have a shuttle bus linking the whole of the airport estate, south side included.
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Hooray, common sense at last. The railway station has long been an underused and neglected asset. I remember two converted milk floats shuttling back and forth quite often full. As Onion says, should connect to the south side as well as all of the airport estate. Paid for by the scrapping HS2. Not costing the airport but potentially bringing much improved and green access. I remember British Rail diverting two Intercity 125s to the station to pick up passengers from two diverted BA 747s and take them to London. My fingers are tightly crossed. Well done all. Happy New Year.
Common sense? Who is going to fill this mini bus? Currently averaging 600 passengers a day, the Southside has no tenants (or workers). Is the ongoing bus support also funded by central govt taxpayers? An awful lot of expansion needed before this makes any sort of sense.
Teesside has no more pressing transport needs? Fill a lot of pot holes for £20m.
Wonder If this would be happening if Teesside Airport didn't keep getting mentioned in those lowest pax stories.
Teesside has no more pressing transport needs? Fill a lot of pot holes for £20m.
Wonder If this would be happening if Teesside Airport didn't keep getting mentioned in those lowest pax stories.
Last edited by SWBKCB; 2nd Jan 2024 at 11:50.
SWBKCB I don't understand where you are coming from. Don't you want the airport to succeed? Access to any airport is vital. Try getting to Teesside Airport by public transport. Taxis are too expensive for a lot of people and not everyone owns a car. How do you get from Bishop Auckland or Shildon to the Airport. The station asset has been there for decades and has been allowed to fall into disrepair. Let's improve all the infrastructure and the passengers/airlines/flying clubs/ bizjets etc will come. We need this airport let's support it.
I'd like taxpayers money to be spent on something useful. Take a look at the departure board - Teesside is nowhere near the sort of passenger or employee number's to justify this level of expenditure on a train link that will require ongoing support for the link to the terminal.
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Sorry but this is absolutely crazy from the White Elephant Mayor.
At it's peak the station was barely used, Northern neither have the stock or desire to serve the station, it's still in a poor location
Can you tell there's an election on the horizon?
At it's peak the station was barely used, Northern neither have the stock or desire to serve the station, it's still in a poor location
Can you tell there's an election on the horizon?