Birmingham Airport reports 2013/14 profits up by 4.9% - invests £28.4 million in improved facilities

Birmingham Airport have released their financial results for the year ended 31 March 2014

Turnover for the year increased by 5.8% with profits after tax up 4.9% driven by a 3.7%
increase in passenger numbers to 9,250,997 - long haul traffic in the year was up 13.3%

The financial year saw Birmingham Airport achieve a number of significant milestones -

+ The new Air Traffic Control Tower went into service in April 2013
+ A new fleet of state of the art Oshkosh Fire fighting vehicles was acquired in June 2013
+ Air India returned to the airport with a "dreamliner" service in August 2013
+ August 2013 was the second busiest month in the airport's history 

+ Monarch Aircraft Engineering opened their new hangar in November 2013
+ The airport hosted the last ever DC 10 passenger flight in February 2014
+ Work continued throughout the year on the 400 metre runway extension

The airport invested £28.4 million on capital projects during the financial year - up from £19.3 million
in the previous year - including the 400 metre runway  extension, the resurfacing of the existing runway,
improved airfield drainage and infrastructure work for the new hangar for Monarch Aircraft Engineering

Looking forward to 2014/15 the extended runway went into service in May 2014 and driven by the
expansion of new routes and services, many operated by flybe, the passenger numbers are now at
record levels for the first time since before the recession started in 2008 with the airport on target
to handle over 10 million passengers for the first time in 2015/16      

Birmingham Airport Holding Limited
Financial highlights year ended 31 March 2014

Turnover 2013/14 - 113,754 up 5.8%
Turnover 2012/13 - 107,504

Profit after tax 2013/14 - 12,462 up 4.9%
Profit after tax - 2012/13 - 10,849 

Passenger numbers 2013/14 - 9,250,997 up 3.7%
Passenger numbers 2012/13 - 8,919,218

Passenger numbers growth in 2013/14 by market sector -
- Long haul + 13.3%
- Full service scheduled + 3.3%
- Low cost + 3.5%
- Charter/Inclusive tour + 1.1%

Dublin remained the most popular destination marginally ahead of Dubai and Amsterdam

Birmingham Airport is a public/private partnership. The current shareholders include the
seven West Midlands District Councils 49%, Airport Group Investments Ltd. (AGIL), a
limited company owned by the Ontario Teachers' Pension Plan (Teachers') and Australia's
Victorian Funds Management Corp (VFMC) 48.25% and the Employee Share Trust 2.75%

Thursday 21 August 2014


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