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OA260
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Posts: 21305
Joined: Thu Nov 30, 2006 8:50 pm

BAA Pockets GBP340 Million/ GLA Traffic Falls 1.8%

Fri Nov 09, 2007 9:35 pm

BAA pockets £340m
09 Nov 2007
Ferrovial-owned BAA has sold its stakes in six Australian airports for A$775m (£340m) to an Australian entity managed by Hastings Fund Management.
The disposal comprises a 19.8% stake in Melbourne and Launceston, 15% in Perth and 10% interests in three Northern Territory airports.

BAA said the sale represented a continuation of its strategy to dispose of non-core international assets.

Separately, the company announced its seven UK airports reported a 3.5% year-on-year in passengers handled to 13.2m last month.

All seven saw traffic increase, with the exception of Glasgow, where it declined by 1.8% to 866.3k.

Aberdeen was up 6.6% at 319.4k, Southampton 5.7% at 179.1k, Edinburgh 5% at 820.2k, Gatwick 4.9% at 3.1m, Heathrow 3.9% at 5.8m and Stansted 1.8% at 2.1m.

On a market-by-market basis the strongest growth came in North Atlantic traffic, which was 8.9% higher than Oct06 at 1.7m, followed by other long-haul, up 8.5% at 2.1m.

Third best was European scheduled with a rise of 4.3% to 5.5m passengers, while Eire remained near flat (+0.4%) at 577.2k.

Domestic traffic declined by 2.4% year-on-year to 2.3m and European charter by 3.2% to 953.3k.
 
by738
Posts: 2459
Joined: Wed Sep 20, 2000 7:59 am

RE: BAA Pockets GBP340 Million/ GLA Traffic Falls 1.8%

Fri Nov 09, 2007 9:53 pm

Interesting out of the Scottish airports GLA has the majority of the charter services and is obviously the one to suffer with the fall overall in charter traffic.
 
albird87
Posts: 566
Joined: Mon Jul 10, 2006 7:15 am

RE: BAA Pockets GBP340 Million/ GLA Traffic Falls 1.8%

Fri Nov 09, 2007 10:08 pm

Quoting BY738 (Reply 1):
Interesting out of the Scottish airports GLA has the majority of the charter services and is obviously the one to suffer with the fall overall in charter traffic.

Still tho with Prestwick getting more services and the recent bomb threat over the summer months, people may of decided to change their flight movements to prestwick.
 
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OA260
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Joined: Thu Nov 30, 2006 8:50 pm

RE: BAA Pockets GBP340 Million/ GLA Traffic Falls 1.8%

Fri Nov 09, 2007 10:14 pm

Quoting Albird87 (Reply 2):
recent bomb threat over the summer months, people may of decided to change their flight movements to prestwick.

I was wondering that myself but then I disgarded it but maybe your right. I have always seen GLA as a growing airport but then maybe Im wrong. Maybe its just my perception. With the winning of the Commonwealth games this should give an added boost to the PIK and GLA airports.

Congrats to our Scottish members BTW.
 
LH121GLA
Posts: 344
Joined: Sat May 01, 2004 5:42 pm

RE: BAA Pockets GBP340 Million/ GLA Traffic Falls 1.8%

Fri Nov 09, 2007 10:39 pm

Quoting OA260 (Thread starter):
All seven saw traffic increase, with the exception of Glasgow, where it declined by 1.8% to 866.3k.

Does this surprise anyone, given BAA's apparent failure to develop ANY new or existing international routes from GLA?

We've had some good news recently though ... Air Southwest from NQY and WW have just annouced 3 x weekly GLA-NOC

Bring on some MAJOR international expansion BAA and we'll see results from GLA!
 
Humberside
Posts: 3224
Joined: Sun Jan 01, 2006 12:44 am

RE: BAA Pockets GBP340 Million/ GLA Traffic Falls 1.8%

Fri Nov 09, 2007 10:39 pm

The terrorist attack wont make airlines move to PIK, and probably not passengers either. In no way was it a bad reflection on GLA

No doubt the numbers will increase in 2014 - well done to Glasgow for securing the Commonwealth Games
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