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Post by LPL on Feb 24, 2012 9:50:33 GMT 1
Liverpool Aiports earnings doubles in the year to March 2011. Taken from www.liverpooldailypost.co.uk/ldpbusiness/business-local/2012/02/23/liverpool-john-lennon-airport-doubles-earnings-99623-30385374/'Liverpool JLA managed to double its EBITDA (earnings before interest, tax, depreciation and amortisation) level from £5m to £10.3m in the financial period. During the same period Peel Airport Group invested £10.5m in improvements to JLA’s facilities. The upgrade was reflected in a recent passenger satisfaction survey at JLA which showed that 95.3% would recommend the airport; while 65% declared themselves ‘very satisfied’ with airport facilities; and an impressive 73.1% were ‘very satisfied’ with security procedures at JLA which have previously been a source of criticism and which were specifically targeted in the upgrade. Passenger figures for 2011 also showed improvement to almost pre-downturn levels, with a 4.4% increase to 5.25m passengers last year against 5.38m in 2008. Within those figures Easyjet registered a 14% increase in annual passengers at JLA to a record 2.54m, while Flybe showed a 47% year-on-year increase to a record 175,000 passengers, although Ryanair saw its passenger levels fall by 4% to 2.25m last year.'
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Post by Deleted on Feb 25, 2012 0:15:58 GMT 1
Interesting. A couple of things in there that I would have thought would have been mentioned on this forum namely, Vancouver Airport Services name changing to Vantage and Peel Airports selling Durham Tees to Peel Investments. Though possible the latter is more of a paper excersize and therefore not as news worthy.
Are people getting fed up with hidden charges and starting to vote with their feet by transferring from Ryanair to easyJet? Or, has Ryanairs rapid expansion began to take it's toll? Having so many aircraft on the ground cannot be cost effective and could be forcing fares up beyond market expectations. Lets hope it's none of the above and that the decrease in patronage is only temporary.
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