Southend Airport benefits from cargo as passenger numbers plummet
Southend Airport owner Stobart Group reported an underlying pre-tax loss of £16.1m in the first six months of the year.
The loss was £600,000 greater than during the first six months of the previous year.
Stobart said that while passenger numbers fell 89.5% to fewer than 125,000 over the summer due to the pandemic, it had seen an increase in cargo.
"Whilst passenger travel has been severely disrupted by lockdowns and evolving quarantine arrangements, London Southend Airport has benefited from uninterrupted income from its global logistics operation," said Chief Executive Warwick Brady said.
The group reported a total loss of £77.4m, largely due to £55m non-cash loss on acquisition of Stobart Air and Propius.
By Linsey McNeill, Editor (UK)
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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