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United Kingdom of GB and NI

Financial year 1999/2000 results for London Luton Airport

24 Jul 2000
#125

Financial year 1999/2000 profits for London Luton Airport are reported to be only GBP 300,000 despite a 25% increase of turnover to GBP 5.5m.

The airport even projects a current loss.The poor figures were attributed to a price reduction to a major airline customer as part of a five year start-up agreement, increasing passenger fees to Luton Borough Council setting a passenger ratio, a loss of duty free and ground handling fees due to the EU directives.

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