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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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18 December 2007
Longer Haul Routes Perform The Strongest At BAA Airports
The BAA November Traffic Figures has shown that among the key markets, it was the longer haul routes that performed the strongest. North Atlantic traffic was up by 5.9%, helped by a rise in UK and European originating traffic encouraged by the weaker dollar, while other long haul routes recorded a collective increase of 7%.
Longer Haul Routes Perform The Strongest At BAA Airports
The BAA November Traffic Figures has shown that among the key markets, it was the longer haul routes that performed the strongest. North Atlantic traffic was up by 5.9%, helped by a rise in UK and European originating traffic encouraged by the weaker dollar, while other long haul routes recorded a collective increase of 7%.
19 March 2009
CC Orders BAA To Sell Two Airports
The Competition Commission (CC) has ordered BAA to sell both Gatwick and Stansted as well as either Edinburgh or Glasgow. In its final report on BAA's ownership of seven UK airports, the CC also stipulates that BAA must sell all three airports within two years.
CC Orders BAA To Sell Two Airports
The Competition Commission (CC) has ordered BAA to sell both Gatwick and Stansted as well as either Edinburgh or Glasgow. In its final report on BAA's ownership of seven UK airports, the CC also stipulates that BAA must sell all three airports within two years.
17 December 2008
BAA Told To Sell Three Airports
The Competition Commission (CC) has confirmed that, subject to final consultation, it will require BAA to sell both Gatwick and Stansted airports as well as Edinburgh airport.
BAA Told To Sell Three Airports
The Competition Commission (CC) has confirmed that, subject to final consultation, it will require BAA to sell both Gatwick and Stansted airports as well as Edinburgh airport.
20 August 2008
Commission Urges BAA To Sell Three Airports
BAA is being urged to sell three of its seven airports because of concerns about its dominance in the market. The Competition Commission (CC) is recommending that the airport operator should have to sell two of its three airports in the south east: Heathrow, Gatwick and Stansted.
Commission Urges BAA To Sell Three Airports
BAA is being urged to sell three of its seven airports because of concerns about its dominance in the market. The Competition Commission (CC) is recommending that the airport operator should have to sell two of its three airports in the south east: Heathrow, Gatwick and Stansted.
25 April 2005
Rise in passengers at UK airports
UK airports handled 217 million passengers last year, a report by the Civil Aviation Authority (CAA) has found – an increase of over 8% on 2003 figures. There were also over one million air transport movements (landings and take-offs of commercial aircraft) at London’s airports for the first time.
Rise in passengers at UK airports
UK airports handled 217 million passengers last year, a report by the Civil Aviation Authority (CAA) has found – an increase of over 8% on 2003 figures. There were also over one million air transport movements (landings and take-offs of commercial aircraft) at London’s airports for the first time.
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