Gatwick Airport reports an increase in profit by 5.5 %

Published on : Friday, November 24, 2017

Gatwick AirportGatwick Airport reported a revenue of £470 million during the first six months till the end of September showing an increase of 5.5 per cent.

 

 

The EBIDTA was up by 9.9 per cent to £290 million and a profit before tax of £140 million due to the controlled cost management efforts.

 

 

The passenger number was also up by 5.1 % as compared to the same period last year. The long haul routes were up by 12.4 % due to the extension in its global connectivity.

 

 

It has continued to increase its lead as the world’s busiest runway airport.

 

 

Gatwick is expected to further add more connections before the end of the financial year to Taipei, Buenos Aires, Chicago and Austin. There will be new routes to Singapore, Rwanda, Seattle and Denver.

 

 

In the last six months Gatwick delivered a record growth in passenger numbers and record-breaking new-haul routes and has also set new standards for customer service said Stewart Wingate the chief executive at the Gatwick Airport.

 

Currently Gatwick serves 45.5 million passengers and is preparing for Brexit. It should continue to grow the long-haul links in addition to the connections within the UK and the Europe.

 

There are new plans to build on these results to reach 50 million passengers per year and set better standard for a single runway airport.

 

 

With 26.4 million passengers commuting between a period of six –month to the end of September 2017 Gatwick was found to be the busiest.

 

 

On September 1 the airport  was reported to have its busiest day ever with 950 aircraft movements.

 

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