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Belfast City Airport's profits climb 40% to £3.3m as costs cut

By Staff Reporter

Published 05/10/2016

KLM, a new arrival, which has helped boost profits at Belfast City Airport
KLM, a new arrival, which has helped boost profits at Belfast City Airport

Operating profits at Belfast City Airport grew by 40% in 2015 to reach £3.3m, according to its latest results. Profits were up from £2.4m during 2014, while turnover at the airport also increased 5% in 2015 to £20.8m, up from £19.8m.

New arrivals at the airport during the year included Dutch airline KLM. Passenger numbers were also up 5.1% with the airport carrying 2.69 million people in 2015 compared to 2.56 million across the previous 12 months.

The airport incurred an exceptional expense of £412,000 relating to the long-running public inquiry into the its seats for sale restriction.

Chief executive Brian Ambrose said: "The business performed exceptionally well in 2015 with an increase in non-aviation revenues and a tight control on costs resulting in a significant increase in operating profit.

"The commencement of the KLM daily service to Amsterdam and Flybe's new services to London City and Liverpool witnessed passenger numbers steadily increase across our route network.

"Once again we expect 2016 to be a strong year with passenger numbers expected to rise with the arrival of Brussels Airlines, the uplift in the Aer Lingus summer routes to Palma, Alicante, Faro and Malaga plus our nine times daily service to Heathrow with British Airways and Aer Lingus.

"We will continue to invest in our infrastructure in 2016 aimed at improving still further the customer experience with significant capital investment planned in the facility."

Last week, results from local rival Belfast International also showed an increase in profits, which were up by more than a third to £510,000.

Turnover, meanwhile, was up 6% to £31.1m.

Passenger numbers at the airport also increased to almost 4.4 million people - up by around 400,000 on the previous 12 months - according to accounts for 2015.

Belfast Telegraph

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