There was good news for Leeds Bradford Airport a few days ago with the announcement that passenger numbers were up and losses down from last year.
Passenger numbers increased by 11% to 3.3 million and this in turn led to increased revenue for the airport in the shape of parking charges and retail income from shops and restaurants.
In the year ending 31 March 2013 the airport made a financial loss of £8.6 million. This financial year the loss at £5.2 million was down 39%. This was in part due to the increase in revenue arising from the growth in passenger numbers mentioned above and also an increase in commercial revenue due to the £11 million development of the terminal, including an extended duty free shop and more food and drink outlets.
John Parkin, chief executive of Leeds Bradford Airport, said in the most recent annual report that much of the growth was down to “new arrangements with Monarch and British Airways”. It will therefore have come as bad news to him to learn that a strategic review of Monarch’s business could herald the end of operations from Leeds Bradford. It was only a few months ago that the airline announced the introduction from Nov 2014 of a winter route to Gran Canaria to complement its existing service to two of the other Canary Islands and also one to Barcelona due to start next Feb.
The airport has recently unveiled some further improvements including new shuttle buses, new bus shelters, 500 more car parking spaces for travellers and an improved, more spacious security area.