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01/11/2005
BAA changes to cost 700 jobs
BAA has announced that 700 jobs are to go as part of a reorganisation programme.
The cuts, which would focus on back office staff and management, are expected to result in savings of £45 million, the airports operator said.
The announcement came as BAA reported an increase of 9.6% in first-half operating profits, rising to £412 million.
Passenger traffic at BAA’s airports, including Heathrow, Gatwick, Stansted and Naples, increased by 2.5% on last year.
Revenue also increased to £1.17 billion, boosted by an increase in retail sales at airport shops of 3.8%, taking the total to £324 million.
Mike Clasper, BAA’s Chief Executive, said that the firm had achieved the rise in profits, despite a slowdown in the UK economy and the effects of the July 7 bombings and the Gate Gourmet dispute at Heathrow.
Mr Clasper said: “We remain confident of delivering a good retail performance maintaining tight control of costs and, as announced on 20 September 2005, we anticipate around 3% traffic growth for our UK airports this year.”
(KMcA/SP)
The cuts, which would focus on back office staff and management, are expected to result in savings of £45 million, the airports operator said.
The announcement came as BAA reported an increase of 9.6% in first-half operating profits, rising to £412 million.
Passenger traffic at BAA’s airports, including Heathrow, Gatwick, Stansted and Naples, increased by 2.5% on last year.
Revenue also increased to £1.17 billion, boosted by an increase in retail sales at airport shops of 3.8%, taking the total to £324 million.
Mike Clasper, BAA’s Chief Executive, said that the firm had achieved the rise in profits, despite a slowdown in the UK economy and the effects of the July 7 bombings and the Gate Gourmet dispute at Heathrow.
Mr Clasper said: “We remain confident of delivering a good retail performance maintaining tight control of costs and, as announced on 20 September 2005, we anticipate around 3% traffic growth for our UK airports this year.”
(KMcA/SP)
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Longer Haul Routes Perform The Strongest At BAA Airports
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
