Robin Hood Airport boss unconcerned about £1m monthly loss
20.07.08
New Robin Hood Airport boss Mike Morton is confident of the hub's future despite it losing £1m a month and struggling to attract new routes, the Doncaster Free Press reports.
Reports of losses at the Finningley airport - the country's newest international airport - were confirmed by its new director who took up his post last month. Mr Morton said that a financial deficit was expected during the airport's infancy and blamed the losses on the current economic climate. He is not worried about the situation, insisting that the Peel Holdings-run airport is on course for long term success.
He told the newspaper: ‘I don't deny that we are losing around £1m a month. Peel has invested in the region of £150 million to establish what we have here now. We were not expecting to make a profit in the first or second year. Peel is determined to make this airport successful, but it was never seen as a short term deal - we were always going to be in it for the long term.’
‘Revenues have been hit hard on the back of economic downturn and on the back of oil prices. It all adds to the pressures of the business.’
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book a robin hood airport hotel or robin hood airport car parking at the lowest price click on these links to robin hood airport parking and robin hood airport hotels price comparison pages.
