Profits up at Bristol Airport
03.05.08
Australian Airport owner Macquarie Airports (MAp) says earnings have increased at Bristol Airport.
The airport, which is 32.1 percent owned by MAp, posted a 20.1 percent lift in EBITDA (earnings before interest, tax, depreciation and amortisation) to £5.8 million (from £4.8 million a year earlier), driven by strong passenger growth and good performance from car parking. Operating costs also benefited from cost saving initiatives undertaken by the airport.
A statement said that car parking activities were boosted by the introduction of both the ‘Meet & Greet’ valet parking and fully flexible pre-book and online products. We are not surprised on the car parking front, given the relatively high prices driven by a relentless campaign to block cheaper off airport car parking options.
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