Gatwick Airport sees surge in profits
Tags: Airport, Gatwick, Heathrow, Luton, Stansted
Gatwick Airport saw its profits go up by 43% in the opening half of its financial year, figures from the company have revealed.
An increase in passenger traffic through the airport helped the London hub to achieve this profits boost.
The airport, which offers a range of flights to travellers along with other airports in the area such as Stansted, Luton and Heathrow, now expects to see its profits continue to rise in the closing six months of the financial year.
In the half-year that led up to the end of September, the hub’s operating profit reached £118.6 million, while its overall turnover stood at £314.5 million.
Turnover rose by 15% during the period covered by the organisation’s latest financial results.
Compared with the first half of its previous financial year in 2010, Gatwick’s passenger traffic increased by 8.5%, with 19.7 million people making their way through the airport.
Global Infrastructure Partners, a US investment fund, is the current owner of the airport.
In a statement, the airport said: “While passenger numbers are ahead of expectations for the six months ended September 30, 2011, the expectation for the full year out-turn remains unchanged.”
In the 12 months to the end of March 2012, it expects to see 33.6 million passengers pass through its doors.
Copyright © Press Association 2011