GLASGOW Prestwick Airport has reported an operating profit against a £1 million loss the previous year.
The Scottish Government-owned airport reported the underlying operating profit of £3m, subject to audit, for the 12 months to March 31 2020.
Revenue increased by 46 per cent year-on-year to £36 million, up from £24.6 million.
Holyrood has been seeking to sell the site after taking it into public hands for £1 in 2013.
READ MORE: World's largest cargo plane lands in Scotland
A preferred bidder was appointed last year. The airport and its specialist freight services have been involved in the handling of personal protective equipment for healthcare workers in Scotland.
Stewart Adams, chief executive at Glasgow Prestwick Airport, said the development of new revenue opportunities coupled with measures to control costs and operational efficiencies helped.
He said: “This performance underlines Glasgow Prestwick Airport’s enhanced status as a vital strategic provider of international freight and aviation services, and a major infrastructure asset which benefits the Scottish economy.
"While we were very much on an upward trajectory in terms of profitability before the global pandemic, it is inevitable that our future revenue and profits will be affected due to the impact of coronavirus.”
He added he does “not expect passenger numbers to return to pre-coronavirus levels in the near future”.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel