Wednesday, July 24, 2024
Cargo down at Gatwick, but revenue up

Cargo down at Gatwick, but revenue up

Gatwick Airport’s cargo figures continue to fall and the gateway saw a 17.2 per cent fall in October compared to the same month last year.

The UK airport processed 6,355 tonnes of freight, down on the 7,678 tonnes in October 2014. In the last 12 months cargo tonnage has fallen 15.2 per cent to 75,153 tonnes, down on the 88,598 tonnes in the previous 12 months.

Despite the cargo decline Gatwick continues to grow its profits and has announced a revenue rise for the first six months of 2015 until 30 September.

Revenue was up 5.2 per cent to £411.8 million, which resulted in a profit before tax of £135.2 million on a consolidated basis.

The airport’s route network continues to grow and bellyhold routes starting soon include British Airways Gatwick to Costa Rica and Gatwick to Lima (Peru), which will be the UK’s only direct route to Lima, starting 2016.

These are joined by TUI’s new route Gatwick to Costa Rica, starting November 2015, and Gatwick to Colombo, in Sri Lanka starting next year.

Gatwick chief executive officer, Stewart Wingate says the UK government should back Gatwick when making its airport expansion decision and “no ifs no buts”.

“Gatwick is the best solution, does not breach air quality legal limits – even with a second runway – requires no taxpayer funding and can be delivered quickly. A decision for Gatwick is a decision for a runway which can actually be delivered and built by 2025,” he adds.

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

Embraer signs contract with DECEA for the modernisation of the Brazilian Air Traffic Control System

Future Flight technology could take off in UK with public support

Avolon and Airbus to explore future of hydrogen aviation