Revenue up but passengers down at E Mids Airport
Revenue at East Midlands Airport increased slightly in the first half of its financial year as the airport experienced a drop in passenger numbers caused by the demise of Bmibaby.
Figures released by the airport's owners, Manchester Airports Group (MAG), showed the Castle Donington site's revenue was £30.5 million in the six months to September 30 – up from £30.4 million in the same period in 2011.
Passenger numbers at the airport were down to 2.7 million in the first six months of 2012.
That compared with 2.8 million the previous year.
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MAG has said the drop in passengers was due to the closure of Bmibaby last year but said the impact was expected to be temporary now that other airlines such as FlyBe, Jet2.com, Monarch and Ryanair had taken over routes at the airport.
MAG, the UK's largest regional airport operator, recorded strong results, with group revenue climbing to £229.8 million from £214.6 million – a rise of 7.1 per cent.
Total passenger numbers were up by 2.1 per cent to 14.9 million across the group's three airports – Manchester, Bournemouth and East Midlands.
MAG reported additional income had been generated from the purpose-built Radisson Blu Hotel at East Midlands Airport.
Group chief executive Charlie Cornish said: "I'm pleased to report strong performance for the first six months of the year in which rising passenger numbers have enabled MAG to outperform the UK regional airport market."