London City Airport passengers down 15% this year
11.11.09
London City Airport has seen a 15 percent fall in passengers so far this year, as its typically business traveller customers tighten their belts. The airport has suffered as City institutions cut back on business trips and opt for cheaper alternatives like teleconferencing. The slump contrasts with a bumper year in 2008, when the company paid its shareholders a dividend of £93m and passenger numbers rose 12 percent.
A spokesperson for the airport said the rate of decline in passengers this year had slowed after a steep slide in the first half. She said that the total number of passengers is expected to come to 2.8m compared with 3.3m last year. She added: ‘Like all UK airports, we are looking at a slowdown but we have still had a good year. We are now starting to see passengers travelling again.’
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