Prestwick losses “less than budgeted figure”

Glasgow Prestwick Airport recorded a loss of more than £9m last year, according to its annual report. The report submitted by TS Prestwick Holdco Limited – the company set up up to acquire the airport on behalf of Scottish taxpayers – shows the airport flew 17 routes to five different countries in 2015-2016. The Scottish government-owned airport made a pre-tax loss of £9.2m for 2015-2016 – an increase on the £8.9m loss the previous year.

The airport said the losses reported were less than the figure forecast in its budget. Ministers bought the airport for £1 from owners Infratil in 2013 amid fears it could close. The government estimated in December that the bailout could reach £40m by 2018.

Other figures in the report for that financial year show the airport handled:

  • 624,000 passengers
  • 11,409 tonnes of air cargo
  • 23,929 aircraft movements (flights in and out)

 

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