Norwich Airport passengers down 30%
26.02.10
The boss at Norwich Airport has predicted a return to growth this year after a 30% slump in passenger numbers last year saw its revenues fall by £2.4m, EDP reports. Elliott Summers said passengers will fall from 575,000 in 2008/09 to 404,000 for the year ending March 31, while turnover is expected to drop from £12.4m to £10m.
But despite tough trading conditions Mr Summers told the newspaper that an expansion in charter flights would spearhead growth in passengers in coming years, with 475,000 passengers forecast in the 2010/11 financial year. Eight new charter routes have been confirmed for this summer, including Tenerife, Bulgaria, Madeira, Portugal, Tunisia and Guernsey. He also revealed that the airport is in talks with airlines over possible new services from Norwich to Newcastle, Belfast, Dublin, Glasgow, Brussels and Dusseldorf.
Accounts for 2008/09 show Norwich Airport made a pre-tax loss of £1.36m, and despite efficiency savings of £1.4m the results for the current year are likely to be significantly worse after the drop in turnover. But Mr Summers said the airport was still on course to generate a profit by 2014, a target set in a five-year plan unveiled when he took over the role in January last year.
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