Gatwick has reported revenue increased 6.1 per cent to £811 million for the financial year just ended. Combined with careful cost management, this resulted an EBITDA increase of 7.3 per cent, to £441 million, and a profit after tax of £208 million.
London Gatwick has announced a new chapter in its ownership as Vinci Airports completes the purchase of a 50.01 per cent stake in the airport. Global Infrastructure Partners will continue to manage the remaining 49.99 per cent interest in Gatwick.
WestJet has launched a new Dreamliner service between Calgary and London Gatwick with the departure of WS1. The sold-out flight was a first for WestJet’s new 787-9 Dreamliner.
London Gatwick has achieved its busiest-ever start to a year, as passenger numbers grew by four per cent in financial quarter four, compared to 2018, as 9.7 million passengers travelled through in the first three months of 2019.
Virgin Atlantic and Delta have announced plans to grow at London Gatwick – with the introduction of two new routes to Boston Logan and New York JFK from summer 2020.
International Airlines Group-owned Vueling will pay £4.5 million for the slots in two tranches, the first being receivable in the next few days. Flybe in 2013 sold several slots at Gatwick to easyJet for £20 million as it sought to rationalise its operations.
Vinci Airports has signed an agreement to acquire an effective 50.01 per cent stake in Gatwick Airport, a freehold property airport. The transaction is expected to complete in the first half of 2019.
Gatwick warned the departures and arrivals rate is currently restricted to just a few runway movements every hour. “Passengers must expect delays and cancellations again today,” explained a statement.
More than 100,000 passengers have seen all flights from London Gatwick cancelled after two drones were spotted flying over the airport. The first device was spotted at around 21:00 last night with a second following earlier this morning.
Flights from Gatwick Airport remain suspended today after drones were seen flying over the airfield late last night. The disruption comes at the start of the festive period, when the airport had expected to welcome 2.9 million passengers.
Wizz Air has revealed the launch of a new route between Gatwick Airport and Cluj-Napoca. The news follows an announcement from Wizz Air UK, a UK-based, wholly-owned subsidiary of Wizz Air Holdings, that it plans to expand at its London Luton base.
Airports in London are preparing for the busy Christmas period, with millions of passengers expected to fly out of the UK on festive breaks over the next week.